Louis Vuitton’s Soulbound Luxury NFTs, Apple’s Expensive Vision
This week, there were some noteworthy developments in the tech and fashion industries. Here's a breakdown:
Louis Vuitton NFT Collection:
Louis Vuitton, the luxury fashion house, announced the upcoming release of a collection of physical-backed NFTs called Via Treasure Trunks.
These NFTs will be linked to exclusive products and experiences and will be available to select customers on June 16.
The NFTs will be sold as soulbound tokens, which means they are non-transferable once purchased.
Louis Vuitton plans to release limited products and experiences throughout the year, providing opportunities for token holders to potentially profit.
Apple Vision Pro Headset:
Apple unveiled its Vision Pro mixed reality headset, entering the immersive digital technology space.
The headset, priced at $3,500, will be released next year and features a spatial operating system called VisionOS.
The Vision Pro aims to provide a three-dimensional interface and bring applications into real-world spaces.
While Apple didn't explicitly use the term "metaverse," experts believe the company has drawn inspiration from the metaverse concept popularized by competitors like Microsoft and Meta.
Rise of NFT Lending:
Despite challenging market conditions for NFTs, the NFT lending space has gained traction with major players entering the market.
Leading NFT marketplace Blur launched Blend, a peer-to-peer lending platform allowing users to borrow against their NFTs as collateral.
Other platforms like Binance NFT Loan and Astaria have also popularized the concept of NFT lending.
While these platforms increase liquidity in the NFT market, critics warn about the potential predatory nature of perpetual lending and urge traders to understand the risks involved.
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