Buying a Rolex watch or a Chanel bag with Bitcoin? It becomes possible with LuxFi. With the vision to bridge the gap between real-world luxury assets and digital assets like nonfungible tokens (NFTs), LuxFi has announced the planned launch of its NFT marketplace. The introduction of LuxFi’s marketplace allows everyone to buy, sell and invest in luxury assets through NFTs with the possibility of using cryptocurrency and traditional payment methods.
The phygital world of luxury evolved into an integral part of the 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 digital revolution has won over the hearts of consumers worldwide, and the prosperous global luxury market has displayed no signs of stopping soon.