The past few months have seen non-fungible tokens, or NFTs, take the world by storm – with releases from Grammy-winning musicians, digital artists, and even fast-food chains.
What Happened: Luxury brands may be the next to jump on the bandwagon, according to a recent report from Vogue Business.
According to Vogue,
Gucci Grp. Nv (NYSE:GUC) recently confirmed that it’s “only a matter of time” before they release an NFT of their own. The coveted luxury brand is not the only one considering an entry into the space, as multiple industry sources have reportedly confirmed that they are close to releasing their own NFTs.