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The Luxury Launches Its Official NFT Platform Built on the BSC Network

The brand-new “Featured by The Luxury” platform will support the full cycle of a unique non-fungible token (NFT).

The Luxury Gallery, a The Luxury-backed developer platform, announced on Monday the official launch of its non-fungible token (NFT) platform, Featured by The Luxury. The system would be a non-custodial and on-chain one built on the Binance Smart Chain (BSC) network that will connect creators, brands and their fans.

Luxury fashion brands poised to join the NFT party

While each new day brings another breathless story on a new non-fungible token (NFT) record sale, the luxury world has remained relatively quiet. But that’s about to change.

The Luxury will launch a non-fungible token (NFT) platform on July 15 featuring content from the luxury industry.

It will be open to everyone who wants to buy or sell the NFT and will use The Luxury’s own TLB token for trading. At the moment, the platform allows only “fixed price” sales, meaning it won’t take bids for the pieces on sale right now.

NFTs, or non-fungible tokens, are pieces of digital content linked to the blockchain, the digital ledger system underpinning cryptocurrencies such as Bitcoin and Ethereum. While those cryptocurrencies are fungible, meaning you can trade one Bitcoin for another identical one, each NFT is unique. The blockchain allows buyers and sellers to verify authenticity and ownership.

Disclaimer: Nothing in this article or website is an offer to sell, or the solicitation of an offer to buy, any tokens. The Luxury is publishing this post solely to receive feedback and comments from the public. Nothing in this post should be treated or read as a guarantee or promise of how The Luxury’s business or the tokens will develop or of the utility or value of the tokens. This post and website outlines current plans, which could change at its discretion, and the success of which will depend on many factors outside The Luxury’s control, including market-based factors and factors within the data and cryptocurrency industries, among others. Any statements about future events are based solely on The Luxury’s analysis of the issues described in this post or website. That analysis may prove to be incorrect.



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