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Lacoste, the esteemed French fashion brand, has announced the expansion of its non-fungible token (NFT) ecosystem with the introduction of a rewards and co-creation feature for its UNDW3 community.
The fashion industry is not excluded from crypto adoption: Ralph Lauren has recently started accepting crypto payments. In this article, we look at luxury brands that allow crypto payments. Fashion brands accepting crypto Ralph Lauren Ralph Lauren, an American publicly…
When asked about his "Plan C" if his crypto assets and day job don't provide him with adequate income, IT engineer Billy Markus, who co-founded the original meme cryptocurrency dogecoin (DOGE), jokingly revealed he would aim for the fashion sector.Â
The counterfeit business is thriving, while genuine businesses are suffering greatly. According to one report, counterfeit goods cost the global economy an estimated $323 billion in 2018. As stated by Forbes, counterfeiting is the world’s largest illegal industry. By 2022,…
Gucci and many other luxury fashion brands are reportedly about to launch their NFT assets. NFTs in the Fashion Industry Thanks to NFT’s (otherwise known as the “non-fungible tokens”), which are authenticated and minted by blockchain technology, you can transform…
Nike, one of the largest fitness and sport brands in the world, is embracing the shifting technological paradigm as they seek to make shoes named CryptoKicks that are digitized on a blockchain. The patent gives them the right to create…
Verisart, a firm that claims to be focused on building robust blockchain-based evidentiary infrastructures for artworks and collectibles has raised $2.5 million in a funding round led by Galaxy Digital EOS VC Fund, reports TechCrunch. Verisart Secures $2.5M Funding Per…
Louis Vuitton SE (also known as LVMH Group), a French multinational luxury goods conglomerate in charge of highly reputed subsidiaries like Christian Dior SE, Fendi, and Givenchy, has joined forces with ConsenSys and Microsoft to launch AURA, a distributed ledger…
Blockchain has found a tremendous use case in supply chain management. A Forbes post published May 15, 2019, revealed that Bumble Bee Foods plans to use blockchain for seafood tracking. Also, a press release on PR Web explained how Avery…
Blockchain technology has made a warmly welcomed appearance in the fashion industry. A forward-thinking fashion leader, Martine Jarlgaard, is using the distributed ledger so that her clothing company will be accountable for the story behind the making of its garments.…