Gucci Put Its First-Ever NFT Up for Auction at Christie’s
Laura McQuarrie — May 27, 2021 — Luxury
References: onlineonly.christies & designtaxi
Based on its Aria collection, Gucci created its first-ever NFT and it takes the form of an artistic digital fashion film called Proof of Sovereignty: A Curated NFT Sale by Lady PheOnix. The non-fungible token was co-created by Gucci’s Creative Director Alessandro Michele and award-winning director Floria Sigismondi, and the exclusive video comes in at just over four minutes. The digital asset is said to capture a "universal desire for renewal; a yearning to bloom and flourish after the shadow of winter has passed," which is a feeling that resonates with many people as the world prepares to ease out of a pandemic.
Recently, Gucci sold a Dionysus bag for thousands of dollars on the gaming platform Roblox, showing that the future of virtual luxury fashion collectibles is only just beginning.
Recently, Gucci sold a Dionysus bag for thousands of dollars on the gaming platform Roblox, showing that the future of virtual luxury fashion collectibles is only just beginning.
Trend Themes
1. Digital Fashion Films - The rise of digital fashion films and non-fungible tokens offer the opportunity to create new and unique virtual luxury fashion collectibles.
2. Nft-based Fashion Accessories - Non-fungible tokens can be used as a new form of fashion accessories that can be sold in the digital world.
3. Virtual Luxury Fashion Collectibles - The trend towards virtual luxury fashion collectibles is providing new opportunities for fashion brands to create exclusive products and experiences for consumers.
Industry Implications
1. Fashion Industry - The fashion industry has the opportunity to explore the potential of digital fashion films and non-fungible tokens to reach new audiences and create unique experiences for customers.
2. Luxury Industry - The luxury industry can leverage non-fungible tokens to create new products and services that can be sold in the digital world, making luxury more accessible to a wider audience.
3. Entertainment Industry - The entertainment industry can partner with fashion brands to create digital fashion films and non-fungible tokens that offer fans unique and exclusive experiences.
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