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NFTs will Bridge the Gap Between the Real World and the Metaverse

Retail TouchPoints

Reintroducing NFTs for Retail Selling digital products to consumers is not new. Consumers buy digital services from Netflix. When a consumer rents a movie, it’s the same movie that any other consumer can rent. On the other hand, when a consumer purchases an NFT it is unique and only has one owner. In the U.S.,

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Fred Segal Enters Metaverse With Launch of the Artcade In-Store Retail Experience

Retail TouchPoints

The collaboration includes curated merchandise, collectibles, limited-edition apparel and gaming hardware, as well as virtual goods and digital skins that can be purchased in-store or in the Metaverse via cryptocurrency.

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New Marketplace for High-End Digital (and Some Physical) Fashions Debuts

Retail TouchPoints

“We’re focused on building a world with blended realities, built on chain (referring to the blockchain), that gives consumers new ways to express themselves through fashion while championing the global talent we believe will lead the luxury fashion houses of the future. one-of-a-kind) and AR-enabled luxury fashion.

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Why 2022 Will Be a Big Coming Out Party for NFTs

Retail TouchPoints

Mike Winkelmann’s digital art project EVERYDAYs sold for a record-setting $69 million in March 2021. Much of the dialogue in 2021 was focused on NFTs as a singular collectible, like a piece of art or as a social media profile picture to exhibit belonging to a community. Here’s how and why exactly. Virtual Communities.

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eCommerce and Cryptocurrency: Helping SMBs Navigate a Changing Payment Landscape

Korona

The use of cryptocurrencies for online shopping has shown parallel expansion. What Is Cryptocurrency? What Are The Top Cryptocurrencies To Know ? How to Pick a Cryptocurrency eCommerce Gateway. What Is Cryptocurrency? Cryptocurrency is a digital asset. What Are The Top Cryptocurrencies To Know ? .

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As Gen Z Gains Spending Power, Luxury Brands Go Big with Digital  

Retail TouchPoints

As younger consumers gain greater spending power, once notoriously inaccessible brands are now expanding from exclusive boutiques into virtual worlds and experiences. In June 2022, FARFETCH began accepting cryptocurrency payments on its marketplace following a test at Browns retail locations and select Off-White flagships.

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New Solana Spaces Store in NYC Heralds Coming Wave of ‘Phygital’ Web3 Concepts

Retail TouchPoints

Adding to the curious nature of this new retail concept is the fact that there’s a good chance consumers will walk away from the store with more money than they came in with (it just won’t be in the form of U.S. Solana Spaces opened its first permanent location July 28, 2022 at The Shops at Hudson Yards in Manhattan.