LuxFi x aiRight: Strategic Partnership to bridge the gap between NFTs and real-world luxury assets
As artists, collectors and investors actively seek new opportunities to leverage their assets, the NFT ecosystem continues to grow and tap into mainstream sensibilities. As major brands stake their claim in this evolving landscape, we are excited to help bridge the gap between NFTs and real-world luxury assets by forging a partnership between aiRight and LuxFi, the world’s first asset backed marketplace for luxury goods.
We couldn’t be more excited to join forces with LuxFi to bring aiRight X Oraichain’s AI Oracles for NFT authenticity to their platform. By backing non-fungible assets with real world luxury goods, LuxFi has accomplished two important milestones: providing real value for NFTs and increasing liquidity for luxury goods.
In order to support a transparent and truly trustworthy NFT ecosystem, Oraichain has developed aiRight, a complete copyright management and DeFi platform for NFTs that harnesses the power of the world’s first AI Oracle to determine authenticity and point of origin for multimedia works minted on-chain. By securing and validating via AI on-chain, Oraichain aims to revolutionize the AI, DeFi, and Blockchain industries and by fostering the creation of decentralized applications with unprecedented functionality applications for various use cases.
While we envision this partnership to have many long term benefits for both projects, aiRight and LuxFi have come together to establish the following actionable goals to secure value for LuxFi users and expand use cases for AIRI holders:
- LuxFi will explore supporting AIRI for auctions in its NFT Marketplace.To celebrate this integration, LuxFi will consider hosting an auction exclusively for AIRI holders (TBA).
- aiRight will provide generative art services via AI Oracle, allowing all users to easily create artwork and back it with unique luxury assets, bringing real world value to AI generated artworks.
- Support LuxFi NFTs in our growing database, as well as our upcoming NFT Audit product.
- Integrate AI Oracle for similarity and authenticity check into LuxFi’s minting protocol, providing a decentralized method to prove the authenticity of multimedia used for each NFT.
- Create a direct bridge between LuxFi and aiRight to allow luxury asset backed NFTs to be sold in the aiRight marketplace and for these NFT holders to access new opportunities presented by our growing play-to-earn gaming ecosystem.
Visit LuxFi today and celebrate the launch of their NFT Marketplace by participating in the LUXFI LEGENDARY APE NFTs auction and lottery (September 26-October 24, 2021).
More About LuxFi
LuxFi is the world’s first asset-backed marketplace for luxury assets. Anyone can convert their real-world luxury assets into NFTs for buying, selling and investing; along with a number of forthcoming use-cases including play-to-earn gaming integration. Once the item is authenticated, a digital profile ensuring its authenticity and containing metadata and history is created and permanently stored on the blockchain for product verification and source traceability. Product fingerprint technology or NFC chip integration are used to associate a physical product with its virtual identity. Each NFT is absolutely unique and data cannot be altered once stored. Real world data of similar items, collected from global sales channels and social media, is used to evaluate the true value of these NFTs.
About aiRight
aiRight is the world’s first complete system for AI x NFT x DeFi. Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.
Oraichain is proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.
