LuxFi is glad to announce a new partnership with Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company.
Today’s announcement reflects the explosive growth and expanding applicability of the NFT marketplace sector. According to NonFungible.com, over $2 billion was spent on non-fungible tokens during the first quarter of 2021 — an increase of about 2,100% from Q4 2020 and already far surpassing the total $250 million NFT market in 2020.
The management of NSAV believes that now is the perfect time to expand into the NFT market. As an accelerator and solutions provider to the cryptocurrency, blockchain and digital assets industries companies; NSAV is glad to join LuxFi in engaging multiple applications to LuxFi’s NFT marketplace. NSAV will use its resources to support LuxFi in becoming the leader in real-world luxury asset-backed NFT Marketplace. LuxFi is targeting real-world luxury assets that hold value well, including but not limited to arts pieces, diamonds, luxury watches and branded bags.
NFTs have shaken the world of Art. As the global sales of art and antiques reached an estimated $50.1 billion in 2020 — with online sales reaching record highs and doubling in value — the art sector is one potential industry NSAV and LuxFi are willing to explore more together in the partnership. By creating an extensive hub of major players internationally in the industry, NSAV will help LuxFi to become a dominating force in the art industry and both parties will form a consortium for upcoming projects.
LuxFi is launching the world’s first real-world asset-backed NFT marketplace for luxury assets. Users can use the NFT Marketplace to buy, sell and invest into luxury assets. One of the main features in the platform is the possibility to use cryptocurrencies or traditional payment methods to buy and sell luxury assets. We work directly with retailers and professional experts to eliminate counterfeit items while minting NFTs on a multi-chain blockchain network, and provide accurate NFT pricing that is backed by real-world data for each NFT on the platform.
LuxFi has an extensive network of brands and retailers. Our data intelligence system is collecting real-world data from global retailers and social media channels to provide accurate pricing that benchmark against global trends. Fingerprint technology is used to tie the real-world asset with its virtual NFT on the blockchain. The product fingerprint is unique for each item.
Aidaa Wong, Founder and CEO of LuxFi, stated, “Our mission is to unlock the true value and increase the liquidity of the real-world luxury assets through blockchain technology. I believe LuxFi will bring revolutionary changes to the luxury industry.”
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “NSAV has the capability, resources, and a team of professionals to support LuxFi as the leading real-world asset-backed NFT Marketplace for luxury assets. We believe the market potential is tremendous and we are looking forward to working with LuxFi to bring solutions to address challenges in the industries.”
