Have you ever thought of investing in a physical product in just a few clicks? Just imagine buying a Chanel bag online without immediately redeeming the physical product. You just let it increase in value and resell the product in one click — instead of investing in stocks, you’ve just successfully invested in a physical luxury asset! Luxury goods offer a possibility of cash returns and allow anyone to indulge in expensive items.
In the past 20 years, a total of US $4 Trillion worth of personal luxury assets that have a high resale value like high-end bags, luxury watches, limited edition sneakers and fine jewelry were sold. The industry is on the rise and won’t be stopping anytime soon.
However, the luxury industry is plagued with multiple challenges including counterfeiting and illiquidity among many others. The conversion of luxury assets into cash is very slow and some traditional financing services do not consider luxury items as loan collateral.
What is LuxFi’s NFT marketplace?
LuxFi is an NFT marketplace where anyone can create their own NFTs that are backed by real-world luxury assets. LuxFi NFT marketplace is establishing a brand-new way to reveal the genuine value and increase real world assets’ liquidity through blockchain.
NFTs on LuxFi’s platform can be used for buying, selling and investing into those luxury assets on LuxFi’s platform. The luxury assets involve items that hold value well with a high reselling value. The physical asset of the NFT can be redeemed through our marketplace and be shipped to the new owner, or the physical asset can be stored in local custodial for investment purposes.
With the NFT marketplace, the product history and information will be forever kept on blockchain. After authenticating the item, a digital profile that holds its metadata and history will also be generated for product verification and source traceability.
LuxFi is directly working with brands, retailers and professional experts to tackle the challenges we previously mentioned and create a secure and sustainable ecosystem in the luxury industry.
LuxFi also integrates the use of multiple cryptocurrencies in addition to traditional payment methods to purchase, sell and invest in luxury assets in the NFT marketplace. LuxFi introduces a new way to revolutionize NFTs and show its essential use to the public. For more updates, don’t forget to follow us on our socials!
LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.
Stay tuned on our social media channels:
Telegram Announcement Channel: https://t.me/luxfinews
Telegram Official Group: https://t.me/Luxfiofficial