article thumbnail

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

Retail TouchPoints

Regulators have also been confused distinguishing between NFTs, stablecoins, and cryptocurrencies. FINCEN’s report ultimately determined cause to doubt any regulatory action for NFTs, or any cryptocurrency, and concluded that no regulatory action was a priority of the agency at this time. In the U.S.,

article thumbnail

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.

Jewelry 299
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ripple and Lunu partner to enable luxury retailers to accept cryptocurrency payments

365 Retail

Today, Ripple , the leader in enterprise blockchain and crypto solutions, has announced a partnership with Lunu to support the Berlin-based company’s luxury retailers in accepting cryptocurrency as a form of payment in store and online using Ripple’s Liquidity Hub.

article thumbnail

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 ? .

article thumbnail

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

Retail TouchPoints

By curating their own Collections via their cryptocurrency wallet, users can express their unique point of view on digital fashion, while brands can expand their narratives and tap into an entirely new audience. SYKY also features a secondary marketplace where digital product holders can buy, sell and trade their digital assets.

Fashion 258
article thumbnail

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.

article thumbnail

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

Retail TouchPoints

In June 2022, FARFETCH began accepting cryptocurrency payments on its marketplace following a test at Browns retail locations and select Off-White flagships. In June 2022, FARFETCH began accepting cryptocurrency payments on its marketplace following a test at Browns retail locations and select Off-White flagships.