NFT has become popular in various industries ever since it was first introduced to the public, particularly in the industry of Arts. A non-fungible token is a unique online asset that is kept digitally. It is a counterpart of an asset with value and a certificate of ownership, so the online asset can not be reproduced. When applied to the luxury industry, it allows buyers and sellers to efficiently and safely trade luxury items online with all the advantages the ownership of an NFT can provide.
LuxFi aims to make NFT lovers’ dreams a reality. It has built an exclusive platform that is the world’s first real-world asset-backed NFT marketplace for luxury assets, allowing users to buy, sell and invest in luxury assets through NFTs with the possibility to use cryptocurrency as a payment method.
NFT creation will become accessible to anyone with LuxFi. Users will be able to create their own NFTs that are backed by real-world assets, using them for buying/selling, collateralized lending, auction trading or even fractional fundraising inside LuxFi’s ecosystem.
Through LuxFi $LXF Token, users are able to collect rewards and have access to multiple benefits and applications on the platform.
LuxFi uses advanced and cutting-edge technology to achieve its vision of bridging the gap between real-world luxury assets and digital assets and support sustainability in the luxury industry. The vision of a digital world where all physical luxury assets would be associated with their NFTs. It is made possible with the platform’s use of innovative technology that allows Permanent Traceability, Authentication and Asset Transferability, in order to tackle all the challenges plaguing the luxury industry.
Permanent Traceability guarantees that the information is immutable and permanently added into the blockchain. For finished products, we use fingerprint technology to tie the physical asset to its NFT. For products we directly work with brands and retailers, we put an anti-forgeable NFC chip inside each product. An NFT card that containing a unique QR code is provided to users for them to view the metadata and history of the products.
Authentication from professional verifiers in our network avoids the circulation of counterfeit items and the hassle of re-authenticating the products from retailers for a safe and secure ecosystem.
Asset Transferability guarantees a secure trading of each real-world luxury asset associated with its NFT and a convenient transfer of ownership.
Investing in luxury assets in the form of NFT is made easier with LuxFi’s unique technologies that ensure the authenticity and safety of every product transaction that is listed on the platform.
Investing in LuxFi
LuxFi also gives the possibility to investors to purchase items without redeeming the physical products, allowing the assets to appreciate in value in the marketplace and the investors can resell it later at a higher price. The marketplace guarantees that every item is systematically authenticated, secured and can be resold on the platform for an infinite time.
We ensure that investing in NFT listed on the marketplace of LuxFi is the right choice to avoid the worry and stress over fake and defective items that are not verified and authenticated. LuxFi offers a new way to unlock the true value and increase the liquidity of the real world luxury assets through blockchain technology.
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 payment methods. Leveraging on our big data intelligence system and unique algorithm for automated data collecting and data processing, we eliminate counterfeiting while minting an NFT on our multi-chain blockchain network. As we focus on luxury assets that hold value well and have a high reselling value, we also provide an accurate NFT pricing that 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