Strive NFT Newsletter- Volume 7
Strive Network
Building the Utility Protocol Layer for NFTs. We allow fractionalization of NFT Utilities to enable real-life use cases.
Fashion Label Ralph Lauren to Distribute NFTs to PoolSuite Community Members
Ralph Lauren, the renowned American fashion brand, has announced plans to distribute non-fungible tokens (NFTs) to members of its PoolSuite community. The NFTs will be given as a reward to customers who have made purchases on the Ralph Lauren website and will feature limited-edition digital artwork.
The move comes as the fashion industry looks to tap into the growing popularity of NFTs, which are unique digital assets that are secured on a blockchain. By offering NFTs to its customers, Ralph Lauren is aiming to create a new avenue for engagement and loyalty among its audience, as well as exploring new opportunities for digital ownership and resale in the future
Bugatti and Asprey Unite to Create the Luxurious Asprey Bugatti Egg NFT Collection
Luxury car manufacturer Bugatti and prestigious British retailer Asprey have collaborated to create the Asprey Bugatti Egg NFT Collection. The collection comprises five unique digital eggs that have been designed to celebrate the craftsmanship and innovation synonymous with both brands. Each egg has been created with intricate detail and features Bugatti's iconic design elements, such as the horseshoe grille and distinctive C-line, as well as Asprey's expertise in fine jewellery and luxury goods.
The eggs are being sold as NFTs (non-fungible tokens), meaning that each one is a one-of-a-kind digital asset that can be bought, sold, and traded. The Asprey Bugatti Egg NFT Collection is a fusion of the best of both worlds – the cutting-edge technology of NFTs and the timeless elegance of luxury craftsmanship.
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Ethereum NFT Market Sets New Record with $316M in Volume During First Week of April
According to data from NonFungible.com, the Ethereum-based non-fungible token (NFT) market has experienced a surge in trading activity during the first week of April 2023. The data shows that the Ethereum NFT market recorded a total trading volume of $316 million, which is a new record for the market.
The report also suggests that the surge in trading activity is due to increased interest from both individual and institutional investors, who are looking to diversify their portfolios with NFTs. Additionally, the report notes that the growing popularity of blockchain technology and the metaverse is also driving the demand for NFTs, which are unique digital assets that are used to represent ownership of items such as digital art, music, and video game assets.
The Ethereum NFT market is expected to continue to grow in the coming months as more investors and users become interested in the benefits of owning and trading NFTs.
Facebook and Instagram Will Pull the Plug on NFTs Next Week
Facebook and Instagram have announced that they will ban the sale of NFTs on their platforms starting next week. The decision comes amid concerns about the environmental impact of NFTs and their potential to facilitate illegal activities such as money laundering.
Facebook and Instagram join a growing number of platforms that have taken a stance against NFTs, including eBay and Craigslist. The ban will apply to all NFTs, regardless of their content or origin, and will be enforced through the platforms' existing policies on the sale of illegal or harmful products.