• HOME
  • FORUMS
  • STORE
  • SPORTS

NEWS

  • Bitcoin News
  • FOOT
  • Kpop News
  • SPORTS

Italian Luxury Fashion House Dolce & Gabbana Sells NFT Collection for $5.7 Million

2nd October 2021 by admin

  • BTS’s V To Attend CELINE’s Paris Fashion Show, And Here’s Why It Was Always Meant To Be
  • Russia to Trial Digital Ruble Settlements for Real Estate Deals
  • ARMYs Express Anger After Korea Singer Association’s Chairman Comments About BTS Continuing Group Promotions

  • Italian Luxury Fashion House Dolce & Gabbana Sells NFT Collection for $  5.7 Million

    On September 30, the Italian luxury fashion house Dolce & Gabbana sold an NFT collection for $ 5.7 million or 1,885 ether. The designers’ Collezione Genesi collection was sold via the platform UNXD, a Polygon network-powered marketplace.

    Dolce and Gabbana’s Collezione Genesi Rakes in 1,885 Ether

    Dolce and Gabbana’s first-ever non-fungible-token (NFT) drop, Collezione Genesi raked in a whopping 1,885 ether or $ 5.7 million, using ethereum (ETH) exchange rates at the time of sale on Thursday. Two notable NFTs brought in the most funds, “The Doge Crown” and “The Glass Suit.”

    “The Glass Suit” NFT was personally designed by Domenico Dolce and Stefano Gabbana and the suit is both an NFT and a physical version tailored specifically for the winner. There were also two versions of an NFT called “Dress from a Dream” in the 9-piece “one-of-a-kind collection.”

    “In a historic moment for the NFT ecosystem, Collezione Genesi is the first luxury NFT collection that involves both digital and physical works, truly bridging the physical and the metaphysical,” Dolce and Gabbana’s NFT web portal says.

    The UNXD Culture Fund, Other Fashion Maisons Delving Into NFTs

    In addition to the NFT collection sale on Thursday, a new $ 10 million “Culture Fund” has been launched by UNXD. The aim of the “Culture Fund” is to accelerate the fashion industry’s expansion into the metaverse and NFTs. The announcement detailed that the fund will bring different avenues of revenue to fashion brands and designers.

    Dolce and Gabbana is not the only fashion act in the industry getting into NFTs. A great number of other fashion maisons like Gucci, Burberry, and Louis Vuitton have all revealed NFT promotions.

    Burberry leveraged the Mythical Games multiplayer online game Blankos Block Party to drop its NFTs and Louis Vuitton also used a game promotion. France’s Louis Vuitton launched a mobile game and players could collect a total of 30 non-fungible tokens. The fashion label Gucci used the auction house Christie’s for its first NFT drop.

    What do you think about Dolce and Gabbana’s NFT sale? Let us know what you think about this subject in the comments section below.

    Tags in this story
    Alta Moda, Burberry, Christie’s, Clothia, Clothia NFTs, D&G, Dolce & Gabbana, Dolce & Gabbana NFT, Domenico Dolce, fashion conscious, Gucci, Gucci NFT, Haute Couture, Italy, Louis Vuitton, Luxury, luxury fashion house, Milan, NFTs, Non-fungible Token, Stefano Gabbana, Venice

    Image Credits: Shutterstock, Pixabay, Wiki Commons

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

    Read disclaimer

    Bitcoin News


    Liên quan

    Russia to Trial Digital Ruble Settlements for Real Estate Deals Russia to Trial Digital Ruble Settlements for Real Estate Deals
    Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
    Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’ Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’
    Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down
    Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE
    Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’ Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’
    President of Panama Partially Vetoes Crypto Law Passed by National Assembly President of Panama Partially Vetoes Crypto Law Passed by National Assembly
    Bill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment Bill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment

    Filed Under: Bitcoin News Tagged With: $5.7, Collection, Dolce, Fashion, Gabbana, House, Italian, Luxury, Million, Sells

    Recent Posts

    • BTS’s V To Attend CELINE’s Paris Fashion Show, And Here’s Why It Was Always Meant To Be
    • Russia to Trial Digital Ruble Settlements for Real Estate Deals
    • ARMYs Express Anger After Korea Singer Association’s Chairman Comments About BTS Continuing Group Promotions
    • Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
    • ENHYPEN Under Fire After For Making Inappropriate Comments About Sunoo’s Weight During Recent Live Broadcast




    © Copyright 2023 · All Rights Reserved · Website Design By: www.truongcongthang.com