• lemming-TLDR-bot@reddthat.comB
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    1 year ago

    tldr

    • Dior has become the latest luxury brand to explore tokenizing fashion items through NFTs
    • They have been experimenting with NFTs for several months and plan to continue exploring their potential
    • However, they have no plans yet to create NFT versions of all of their products, and are still considering whether or not it makes sense for them to do so
    • Other brands like Bvlgari and Rari are already offering some items as non-fungible tokens (NFTs)
    • There are concerns that these digital collectibles may undermine the exclusivity associated with high-end luxury goods if anyone can own a virtual version without paying top dollar.