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HomeTechnology & ScienceTechnology and GadgetsPhygital Luxury Marketplaces : LuxFi

Phygital Luxury Marketplaces : LuxFi

‘LuxFi’ announced the debut of its finalized luxury asset marketplace which features the same name, LuxFi. This marketplace seeks to solve several major issues with luxury asset trading brought on by the CoViD-19 pandemic. Some of these issues include in-person shopping and exchanges, transparency and quality verification, networking, and accessibility to asset trading.

With LuxFi, each of these issues are conveniently addressed through the help of blockchain-based solutions. Luxury assets traded on LuxFi are tied to digital twins, online versions of the items that not only represent the physical counterpart but also serve as a certificate of authenticity for the physical item. This means that any luxury asset found on the LuxFi marketplace is in fact a real item with comparable details to those reflected in the virtual asset.

Aside from product and quality verification, the LuxFi platform also makes it easy to connect and interact with other collectors, and the transparency of the blockchain-tied luxury assets allows individuals to track previous trades, interactions, and events for each asset.

Image Credit: LuxFi

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