NFT
Customers may turn these NFTs into actual goods as Louis Vuitton celebrates its 200th anniversary. Using the prices of NFTs from other premium brands as a benchmark, experts estimate that the Louis Vuitton X Yayoi Kusama NFT collaboration will cost around 4 ETH.
#YayoiKusama in Tokyo. Following her collaboration with the Maison, the Japanese artist visited #LouisVuitton’s Omotesando and Harajuku pop-up stores. Learn more about #LVxYayoiKusama at https://t.co/3XNZoaFWOF. pic.twitter.com/UYR8RIoZyV
— Louis Vuitton (@LouisVuitton) February 3, 2023
The surge in NFT trades and the rise in cryptocurrency prices have drawn attention to the NFT sector. By introducing its own NFT line, the company is utilizing this trend to its advantage. By charging clients a 7% fee, the firm intends to make money through the OpenSea marketplace.
One of the most well-known artists in the world is Yayoi Kusama, known for her Infinity Rooms and distinctive polka-dot pumpkin. She has become well-known thanks to the social media platform’s expanding popularity.
Both companies succeed by extending their partnership with Louis Vuitton, a company with a sizable consumer base. As more luxury companies embrace innovation and adjust to the internet sphere, the rise in NFT popularity, together with the heritage of Louis Vuitton and Kusama, is anticipated to usher in a new era in the digital sphere.
After ten years, Yayoi Kusama and Louis Vuitton have collaborated again. Under Marc Jacobs’ creative guidance, the first Yayoi Kusama collaboration from 2012 featured Kusama’s distinctive polka dots on top of LV bag shapes.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
