Although I don’t write much about the latest news in the luxury industry, on the other hand, the cryptocurrency market is having an abundant effect on the global supply chain. Specifically, the fashion industry intends to capitalize on the estimated $2,000 billion. In the future, in this article, my purpose is to introduce you to the most productive brands at the forefront of this milking procedure and the cutting-edge generation that will soon facilitate your operations.
The long term is now for fashion brands:
Since the birth of the trend the fashion industry has been the motto. And at this point, nothing is more modern than blockchain generation. Basically, the generation gave the industry and the ultimatum; As a promise to put in place luxury brands that get on the waves of this trend, it would be out of place without forgetting Bvlgari, as well as Hublot, which has introduced an electronic guarantee that allows consumers to authenticate an undeniable photo product taken with a cell phone. In addition, the latter also began promoting express watches only with Bitcoin, an ambitious move, but one that has attracted great interest from creditors around the world.
At a time when sustainability practices are at the forefront of maximum common sense production strategies, fashion logos are making their maximum productivity to lighten their carbon footprint. As a result, there have been more and more fashion logo owners and billionaires for broader tactics. to access the market in addition to Bitcoin. As expected, Prada spA and Richemont cartier have signed an alliance with other fashionable logos such as LVMH, to supply a Blockchain solution to combat counterfeiting; provide product authentication.
Citing volatility issues, market giants are exploring other tactics to buy and use their wealth in a chain. The rise of solid currencies indexed to national currencies provides that opportunity, with decentralized finance (DeFi) projects such as the Onomy protocol creating a progressive and interoconsistent ingenuity. Solid coin ecosystems, while simplifying the adoption of blockchain technology. International brands can exchange those solid currencies between national currencies on the Onomy Exchange, bringing the Forex market to a $6. 6 million market place consistent with the day to chain.
Volatility can also be addressed in a viable way through price preservation mechanisms; in fact, the advent of the world’s first adaptive virtual currency, NDAU, serves as a complement to Bitcoin in the blockchain space. Accepted on monetary platforms such as Investview and presented to millions of investors at Bittrex Global, NDAU demonstrates its ability to be a price adaptive store, capable of preserving wealth while mitigating risk issues.
At the Fashion Institute of Technology, a lot of professors, adding myself, rush to catch up and figure out how it all works. By the way, the tech company that will soon thrive in the waters of blockchain generation is NFT Tech, the first NFT business and building infrastructure with a liquid matching engine. Through this ecosystem, users can create, collect and collect industry virtual collectibles along with other enthusiasts, without having to pay exorbitant fees or waste time looking to find business partners.
This renews the NFT ecosystem from the ground up, opening the door to adoption through fashion brands and their consumers around the world who have already dotted the area by releasing digitized versions of their apparel designs or blockchain-based asset tracking services.
Crypto opportunities: this is where you dive deeply.
While movements in crypto market costs have sparked a drop in interest, social influencers like luxury logo owner (Tesla) Elon Musk have “flipned the coin,” resulting in a magnanimous transition from $178 billion to $2 billion this year (2021). Matrix according to Coindesk.
The widespread adoption of cryptocurrency, as well as the advent of new non-fungible tokens (NFF) in blockchain technology, have aroused great interest from the world’s leading brands. I get a speech at least once a day asking me to look into this. Unfortunately, when I catch up, something new happens.
It’s no other in the diamond industry, as high-end luxury logos like De Beers are partnering with major players as well as smaller logos to expand an open-source blockchain platform called Tracr; it allows those logos to trace their chain of origin from the ground to consumers. This is where it becomes very attractive in the fashion sector. A platform like a hintr can tell a logo about the intricacies of expanding cotton yield. about how the generation can hint at all the main points of the source chain.
Another example is Nike; Because of the NFT’s ability to certify exclusivity, Nike has followed this generation and therefore manufactured virtual shoes, which are virtual, exclusive, and interchangeable representations of genuine products. This is also the case with Louis Vuitton, which initiated NFTs to trace provenance. and ownership of luxury goods. Gucci has expressed interest in launching its own NFT, stating that “it’s only a matter of time,” as reported through TheBlock.
Speaking of opportunity, social billionaires maintain their fortunes and luxury lifestyle by investing in cryptoassets and NFTs.
One logo that makes this imaginable is AXIA. This ecosystem is a complete overhaul of today’s most popular Internet services, deployed in a decentralized and secure manner. It has more than 17 programs ranging from a banking portal to a privacy-focused search engine, all backed up through AXIA Coin.
Asset-backed virtual currency is described as an effort to “reverse classic economic structures, reduce player costs, and promote a more equitable and inclusive global business model. “Thanks to AXIA, users not only maintain the price of their budget thanks to the stability of the AXIA reserve, but are also able to create price frequently through their activity on the network, which generates economic rewards for themselves and others.
Fortuna phuture
Among the sea of decentralized and investment platforms for index strategies, Phuture Finance stands out from the head and shoulders!
As noted in Bitcoin. com, “Phuture Finance raised $1. 5 million in initial investment to launch the indexing protocol on Ethereum. “Their personal fundraiser as a component of their conversations included leading blockchain investors who added NGC Ventures, SevenX, Moonrock Capital, Origin Capital, Waterdrip Capital and D64.
Other notable investors involved were Genblock Capital, Decentralabs, Synergia, Vendetta Capital, Richard Ma (CEO of QuantStamp), Danish Chaudhry (CEO of Bitcoin. com Exchange) and leading liquidity provider Skynet Trading.
“The thriving decentralized platform for passive index strategies. “
Phuture has been designed in such a way that local and non-local crypto users can create and invest in new and existing indexes created through the community. The platform provides an architecture that rebalances all indexes simultaneously, making your index unique, scalable, and combined. .
In an interview with Bitcoin. com, Charles Story (Head of Growth, Phuture) said: “At Phuture, we are excited to marry some of the most exciting investors in the industry. We will work in unison to redefine the role of an index in a Web 3. 0 environment and realize our vision of fitting the de facto indexing solution within cryptocurrencies.
The capital raised will be used to fund Phuture’s continued progression as it moves towards the launch of its next edition 1, in order to expand the ecosystem; adding the Phuture team and the first user base.
Oliver Blakey, managing partner of Ascensive Assets, also said in an interview with Bitcoin. com about his investment in Phuture: “We are proud to help Phuture as a leading investor. We believe that indices are going to have a huge role to play in cryptography. , just as they have done in classical finance.
Phuture introduces a new style for indexing protocols and its trajectory converges on the usability hole between crypto natives and the market at large, an invaluable feature as cryptocurrencies continue to impact classic finance.
Acclaimed American journalist and foreign editor. My interest lies in the speed and direction of adopting trends in fashion and luxury lifestyle, for
Acclaimed American journalist and foreign editor. My interest lies in the speed and direction of trend adoption in fashion and luxury lifestyle, access to real-time fashion for the most productive influencers and how disruptions and social intelligence have reshaped the trend landscape through the democratization of the market.