LuxFi Launches Asset-Supported NFT Marketplace for Luxury Assets-Sponsored Bitcoin News

Bought a Rolex watch or a Chanel bag with Bitcoin? This is possible with LuxFi. Aiming to bridge the gap between real-world luxury assets and digital assets (NFT), LuxFi has announced the planned launch of its NFT Marketplace. The introduction of LuxFir Marketplace allows everyone to buy, sell and invest in luxury assets through NFT, including the possibility of using cryptocurrencies and traditional payment methods.

The physical world of luxury has evolved into an integral part of human experience. With the recent global impact of the Covid-1 pandemic epidemic and the growing demand for luxury assets, the luxury market has penetrated deep into digital enterprises. The digital revolution has won the hearts of consumers around the world, and the prosperous global luxury market has shown no signs of stopping soon.

NFT Marketplace in Luxury

LuxFi is one of the pioneers of the luxury industry to recognize the potential of NFT. The company will launch a platform to help consumers avoid existing challenges and create a sustainable ecosystem in the luxury market. It comes in the form of the world’s first asset-supported NFT marketplace for luxury assets, combined with advanced technology to allow for sustainable searchability, authentication and asset transfer.

With this marketplace, LuxFi is able to establish an ecosystem for buyers and sellers. Since they are working directly with brands and manufacturers, the platform enables people to buy, sell and invest in luxury assets that are proven by professional verifiers in their network. New owners do not need to redeem actual products for future resale, and their luxury asset-backed NFTs can be used as collateral for loans, or among other features to be shipped and transferred to various games and live streaming platforms. New owners can always unload physical content in the real world.

Luxfi’s innovative platform has gone beyond resolving the aforementioned pain points, providing customers with alternative ways of investing and helping those who have difficulty accessing loan or banking services to obtain financial services.

LuxFi collects data from global online and offline sales channels and social media platforms for luxury assets. The data is analyzed and benchmarked against global trends to provide an accurate price for each NFT on the platform.

A consumer thing that was once seen as a mere satisfaction for consumers, now has the potential to be transformed into an asset that is not only valuable, but also investable. The launch of the LuxFi NFT Marketplace will surely catch the public’s attention and revolutionize the luxury industry through the innovative use of blockchain technology.

LuxFi is on track to transform the luxury industry for a brighter future. You can learn more about Luxfi’s progress and development through social media below.

You Can Win a Rolex with 0.01ETH – LuxFi’s NFTs Auction and Lottery September 26

LuxFi is grateful for all the genuine support their community has given them. To celebrate the upcoming launch of their NFT Marketplace, LuxFi is going to hold its auction and lottery on September 26 from 10:00 a.m. UTC to October 3 at 10:00 p.m. For each 0.01ETH, participants will receive 1 lottery ticket for a chance to win a top prize, a Rolex watch NFT!

Non-fungible tokens

The Non-Fungible Token (NFT), a form of token that provides the ability to tokenize assets online through a certificate of ownership, has inspired luxury brands and their recent evolution. With an industry plagued by multiple challenges, including fraud, transparency and irrationality, NFTs have the potential to mitigate these risks and enable buyers and sellers to safely buy, sell and invest in luxury assets in the digital world.

Blockchain is the missing part of the luxury market puzzle, allowing it to create a physical-to-digital connection between products and their digital identities. A seal or serial number acts as a physical identifier by connecting to the product’s ‘digital twins’. This digital identity is what brands are currently betting on, and it’s on a micro scale that experts are expecting blockchain to make a real difference. Luxury brands will play a key role in authentication at the next manufacturing stage, and professionals in Luxfi’s network of retailers will play a key role in verifying the conventional luxury assets in the market. This allows them to sell products associated with their digital identity, increase customer confidence and improve customer-brand relationships.

The entire life cycle of any product using blockchain technology can be monitored and tracked by a decentralized, camouflage-proof digital ledger while maintaining the owner’s privacy and security.

Ida Wang, CEO and founder of LuxFi, says: “New technologies are opening up unlimited possibilities in the luxury market. As CEO and founder of LuxFi, our goal is to create the world’s first asset-supported NFT marketplace for luxury assets. I believe the whole industry is increasingly moving towards a more positive and sustainable ecosystem. The advent of blockchain technology was a huge milestone for many industries and today, blockchain is the new black in the luxury market. Through our NFT Marketplace, we envision people to buy, sell and invest in a truly luxury asset using cryptocurrency. All our NFT standards are supported by real world data. We look forward to exploring more of our multiple possibilities Luxury resource-backed NFT can offer blockchain-based data intelligence systems and ecosystems. The way we consume luxurious resources is a revolutionary time! ”

About LuxFi

LuxFi Hall The world’s first luxury asset-backed NFT marketplace, A large data intelligence system and uses unique algorithms for automated data collection and data processing. LuxFi eliminates fraud when digging an NFT on their multi-chain blockchain network and provides an accurate NFT value backed by real-world data. IDO will be held on October 6, 2021.

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