February 10, 2023
By Sharan Kaur Phillora
After the success of their first NFT game, which came out a few months ago, Louis Vuitton and the famous Japanese artist Yayoi Kusama are now getting ready to release their first NFT collaboration.
Here’s what we know:
The NFT partnership between two big names in the international market gives customers access to 10,000 digital assets. Louis Vuitton is preparing for their 200th-anniversary celebration. In addition, the collection enables customers to exchange 10,000 digital assets for tangible duplicates easily.
Last year, Louis Vuitton and Yayoi Kusama introduced their first independent NFT game, attracting a massive following. According to available data, the game has received more than 2 million downloads.
Louis Vuitton’s decision to launch an NFT collection. This includes the recent rise in crypto prices and increased NFT trades across markets.
Through the OpenSea marketplace, the company intends to generate income by charging a 7% royalty to customers. Yuga Labs utilized the same business model for the Bored Ape Yacht Club project and generated over $1.8 million in royalties.
The estimated price for the NFT will be around 4 ETH. The collaboration of the two iconic brands of Kusama and Louis Vuitton adds a unique twist to the NFT world. This is by providing collectors with a rare opportunity to own a piece with the legacy of both brands.
Japanese artist Yayoi Kusama, 93 years old, is best known for her Infinity Rooms and her signature polka-dotted pumpkin. These have made her the most famous artist in the world.
Kusama’s influence is growing thanks to social media and the fact that she is known on many different platforms. As a result, collaborating with the iconic figure elevates Louis Vuitton to the pinnacle of customer attraction.
About the author
Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.