Image credit: Vogue

Dolce & Gabbana and NFTs: A Digital Luxury

The NFT gold rush has pervaded various industries, including the worlds of fashion and sports. While only one in four people are aware of what NFTs are, these digital assets have entered the crypto marketplace in an impressive tidal wave. Dolce & Gabbana has fearlessly rode the NFT wave to bridge the gap between the physical marketplace and the digital metaverse.

 

What Are NFTs? 

NFTs, or non-fungible tokens, are digital assets that represent real-world objects, such as clothing, art, or music. NFTs are not a form of cryptocurrency. Instead, they are unique digital tokens that can only be purchased with cryptocurrency. Purchase data of these digital assets are added to the blockchain to show irrefutable proof of ownership. When you buy an NFT, you can uniquely authenticate yourself as its owner.

In 2021, NFTs grew by an explosive 11,000%. They are changing both the physical and digital marketplaces as various industries continue to adopt and activate NFTs to add value to their brand. As a fearless fashion icon, Dolce & Gabbana has already entered the NFT Metaverse with the launch of the #DGfamily.

How Do NFTs Bring Value to Fashion? 

NFTs give fashion designers the novel opportunity to create priceless art pieces that cannot be conceived in the physical realm. In short, NFTs have created a space beyond the brick-and-mortar sales racks and online showrooms. NFTs allow the fashion industry to design digital assets that can appreciate in value, much like collectible paintings from famous artists.

As featured in the Vogue Fashion Index, 17% of brands have already employed NFTs in some way. Designers, such as Dolce & Gabbana and Adidas, have launched NFTs that allow their brands to have a strong presence in the ever-growing crypto marketplace. NFTs’ rise in popularity is owed largely to accessibility. Unlike the original Mona Lisa painting, NFTs created by beloved artists and designers can be purchased by practically anyone and ownership can be unequivocally validated.

How Has Dolce & Gabbana Elevated the Digital Marketplace? 

With #DGFamily, an exclusive NFT community, Dolce & Gabbana has collaborated with UNXD, a curated marketplace for digital luxury, to create a host of benefits for its NFT proprietors. Dolce & Gabbana NFT holders get premiere access to exclusive drops, both digital and physical wearables, and access to digital and physical Dolce & Gabbana events.

As one of the NFT pioneers in the fashion world, Dolce & Gabbana created Collezione Genesi, the first digital luxury collection that included digital and physical pieces. This collection truly bridged the gap between the metaphysical and physical universes.

What Is Dolce & Gabbana’s Vision for the Future? 

Because NFTs can be designed in ways that are unfathomable in the physical world, Dolce & Gabbana has the extraordinary opportunity to create priceless digital assets that bring luxury to a broader audience. Fashion now has the wonderful ability to bring art to an untouchable world. Embark on this journey and become an esteemed proprietor in the Dolce & Gabbana NFT universe. Join us as we shatter the wall between the digital and physical worlds.

 

 

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