Business & Tech
Today, NFTs (Non-Fungible Tokens) have become the buzzword beyond the world of cryptocurrency and blockchain, but how will this digital asset impact luxury goods? NFTs, are by definition, digital objects with assigned values that are accounted for on the blockchain. Each digital signature makes it impossible to be exchanged for or equal to another. When visual artist Mike Winkelmann (aka Beeple) sold his exclusively minted piece for Christie’s Auctions house for $69M, the luxury world certainly did take notice.