Buying a Rolex watch or a Chanel bag with Bitcoins? LuxFi makes it possible. LuxFi announced that it will launch its NFT marketplace with the goal of bridging the gap between digital assets (NFTs) and real-world luxury assets. LuxFi’s marketplace will allow anyone to purchase, sell, and invest in luxury assets using NFTs. It also allows for traditional and cryptocurrency payment options.

The phygital world of luxury evolved into an integral part of human experience. With the recent worldwide impact of the COVID-19 pandemic and the increasing demand for luxury assets, the luxury market has delved deeper into digital initiatives. The global digital revolution has captured the attention of consumers all over the world and the flourishing global luxury market is not slowing down.

LuxFi’s NFT Marketplace

LuxFi is among the pioneers in the luxury industry to recognize the potential of NFTs. LuxFi will launch a platform that assists consumers in overcoming existing problems and creating a sustainable luxury market ecosystem. The world’s first asset-backed NFT marketplace, for luxury assets, is now available. It integrates with advanced technologies that allow for permanent traceability, authentication, and asset transferability.

With this marketplace, LuxFi is able to establish an ecosystem for buyers and sellers. LuxFi works directly with manufacturers and brands to enable people to sell, buy and invest in luxury assets. All transactions are verified by professionals in the network. The new owners do not have to redeem the products in order to resell them. However, their luxury asset-backed NFTs are able to be used as collateral for loans or sent and transferred on different platforms, such as live streaming and games. The physical items can be redeemed by new owners in the real world.

LuxFi’s innovative platform goes beyond solving the pain points previously mentioned, it provides consumers with an alternative method to invest and potentially assist those who otherwise have difficulty accessing loan banking services to get financing services.

LuxFi also collects data from global online and offline sales channels, and social media platforms for luxury assets. To provide accurate pricing for each NFT, the data is analysed and compared to global trends.

A consumption item that was once viewed as mere satisfaction for consumers to splurge on, now possesses the ability to be transformed into assets that are not only valuable but also investible. The launch of LuxFi NFT marketplace will be a big deal and will revolutionize the luxury sector through the innovative use blockchain technology.

LuxFi is on its path to transform the luxury industry for a brighter future. Follow LuxFi on social media to learn more about its progress and future plans.

You May Win a Rolex with 0. 01ETH – LuxFi’s NFTs Auction & Lottery on 26th Sep

LuxFi is grateful for all the genuine support that their community has given to them. To celebrate their upcoming launch of their NFT marketplace, LuxFi is going to hold its Auction & Lottery on 26th Sep at 10: 00AM UTC to 3rd Oct at 10: 00AM. Each 0. 01ETH, the participant will get 1 Lottery Ticket to get a chance to be a winner of the top prize, a Rolex watch NFT!

Non-Fungible Tokens

Non-fungible tokens (NFTs), a form of token that provides the ability to tokenize assets online through a certificate of ownership, has inspired luxury brands and their recent evolutions. NFTs are a way for buyers and sellers to securely buy, sell, and invest in luxury assets.

Blockchain is the missing piece in the luxury market puzzle, it allows for the creation of physical-to-digital links between goods and their digital identities. The physical identifier of the product is the serial number or seal. Brands are betting on this digital identity, and experts believe blockchain will make a significant impact on that micro-scale. LuxFi’s professional retailers network will be key to ensuring that luxury brands are authenticated at the very beginning of manufacturing. They also act as verifiers for any existing luxury assets on the market. They can sell products that are linked to digital identities. This fosters trust between the customer and the brand, as well as improving the customer-brand relationship.

Using blockchain technology the entire lifecycle of any product can be monitored and tracked with a decentralized, tamper-proof digital ledger, all while maintaining the owner’s privacy and security.

Aidaa Wong, CEO and Founder of LuxFi said: “New technologies are unlocking limitless possibilities in the luxury market. LuxFi’s CEO and Founder, Aidaa Wong stated that our goal is to create the first asset-backed NFT market for luxury assets. The industry is moving towards a more positive, sustainable environment. Blockchain technology is a significant milestone in many industries. Today, blockchain is the new black on the luxury market. Our NFT marketplace will allow people to use cryptocurrency to purchase, sell, and invest in authentic luxury assets. Our NFTs are backed by real world data. We are looking forward to exploring further the multiple possibilities of what our luxury asset-backed NFTs, blockchain-based data intelligence system and ecosystem could offer. This is a revolutionary time in the way we consume luxury assets!”

About LuxFi

LuxFi is the world’s first luxury asset-backed NFT marketplace, leveraging on a big data intelligence system and unique algorithm for automated data collecting and data processing. LuxFi prevents counterfeiting by minting NFTs on multi-chain blockchain networks. They also provide accurate NFT pricing that’s backed up with real-world data. IDO will take place on October 6, 2021.

Media Contacts

Website: https://www.luxfi.io

Twitter: https://twitter.com/luxfiofficial

Telegram Official Group: https://t.me/Luxfiofficial

Telegram Announcement Channel: https://t.me/luxfinews

Medium: https://luxfiofficial.medium.com

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