LuxFi is The Next Generation of Luxury Shopping

The demand on online shopping has increased in recent years and continues to flourish today, particularly after the worldwide impact of the Covid-19 pandemic. To enhance consumer’s shopping experience, luxury brands have found a way to incorporate the use of new technology on their online platforms and physical shops. As a result, we see more and more disruptive digital initiatives emerging from luxury brands, providing access to an advanced digital world connected to our real-world consumers worldwide.

Today, we discuss the latest technology omnipresent in the luxury industry and how LuxFi incorporates it into its platform and ecosystem.

New Technology in the Luxury Industry

Luxury retailers are deploying advanced marketing strategies that include the most cutting-edge technology to provide customers with the best shopping experience online and offline. By using new technology and blockchain technology, luxury brands are able to elevate the shopping experience for consumers and provide them with additional value when purchasing their beloved luxury assets.

As an example, iconic luxury brand Chanel used augmented reality (AR) by providing guests who cannot attend their show, an invitation through a customized lens on Snapchat or by downloading the app on Chanel’s website to attend an AR experience Chanel’s holiday pop-up. Other luxury brands or institutions were seen launching NFTs projects and would consider cryptocurrency as a payment method. Last June, Sotheby luxury auction platform started accepting cryptocurrency as a payment method for “The Key 10138”, a 101.38-carat pear-shaped D colour diamond that belonged to one of the biggest stone auctions in the industry. Another example, Jacob & Co. sold an NFT at US$100,000 worth of its SF24 Tourbillon, one of their most exclusive items in an online auction.

What makes LuxFi The Next Generation Shopping experience?

LuxFi launched the world’s first NFT marketplace that is real-world asset-backed and exclusively made for luxury assets. Users have the possibility to use cryptocurrency in order to buy and sell luxury assets. The company has created an innovative platform that enables users to invest in luxury assets in a secure ecosystem. Anyone on the platform will have the possibility to convert their idle physical assets into NFTs for buying/selling, collateralized lending, fractionalized ownership, auction trading and more.

Shopping Luxury NFTs will become the new black: we seem to be closer and closer to this reality.

LuxFi also has its own $LXF Token that gives consumers access to multiple benefits and rewards in the platform.

LuxFi Ecosystem

LuxFi’s state-of-the-art technology will help to bridge the gap between real-world luxury assets and digital assets and promote sustainability in the luxury industry. An ultimate aspiration of LuxFi remains to transform all real-world physical assets into NFTs.

This vision is made real through three major technological advances that could revolutionize the world of luxury.

With LuxFi, users will not only be able to buy and sell, but also use their luxury assets as an investment. Investing is guaranteed to be much safer and easier with the platform’s technological advances that allow consumers to have authentic and safe transactions.

Our state-of-the-art technology allows the company to explore its capabilities and reach new heights in the blockchain. LuxFi aims to have a world where NFTs are everywhere, creating a huge impact in luxury shopping and allowing users to have the most convenient and decentralized shopping experience.

To stay up to date with LuxFi’s journey, please kindly follow our social media channels below!

About LuxFi

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:
Website: https://www.luxfi.io
Twitter: https://twitter.com/luxfiofficial
Telegram Announcement Channel: https://t.me/luxfinews
Telegram Official Group: https://t.me/Luxfiofficial
Medium: https://luxfiofficial.medium.com