This is the first NFT collaboration between Louis Vuitton and the renowned Japanese artist Yayoi Kusama. A few months after releasing their first NFT game to considerable acclaim, this development is hardly unexpected. In addition, their respective clientele now have access to a digital collection of ten thousand works thanks to the collaboration of these two worldwide powerhouses. As part of their 200th anniversary festivities, Louis Vuitton facilitates the exchange of digital assets for physical ones.
Louis Vuitton and Yayoi Kusama collaborates NFT Project
As the prices of cryptocurrencies and NFT transactions have increased, the NFT market has attracted increasing interest. As a result, Louis Vuitton is joining the NFT trend with its own line of bags and accessories. The OpenSea marketplace will generate cash for the company by charging a 7% fee to customers. In addition, experts believe that the NFT partnership between Louis Vuitton and Yayoi Kusama will cost approximately 4 ETH, which is comparable to the prices of NFTs issued by other high-end corporations.
Yayoi Kusama is one of the most well-known living painters, and her works include the famed Infinity Rooms and polka-dot pumpkin. As her internet presence grows, so too does her notoriety. Continuing to collaborate with the well-known and much admired Louis Vuitton benefits both parties. As a result of the surge in popularity of NFTs and the legacies of Louis Vuitton and Yayoi Kusama, it is projected that many luxury brands will embrace innovation and adapt to the digital age.
Content Source: nftevening.com
