Gucci NFT holders had been stunned final week with the information of bodily merch! Holders minted 2,896 Gucci Materials NFTs in March. Now, they will alternate these tokens for luxurious rewards. The information got here earlier this week, and now, we take a look at simply what’s in retailer for Gucci NFT holders.
Gucci NFT Holders: Pockets or Duffle Bag, the Alternative is Yours
Late July, Gucci introduced that holder’s may redeem either a wallet or a bag using their NFT. We now have full particulars on how holders can obtain their items. Firstly, there’s a trendy Gucci bifold pockets – a pockets you do not want a seed phrase for! Then, there’s the duffle bag. It is a Gucci x 10KTF co-branded bag.
To obtain the pockets, holders should alternate one Gucci Vault Materials NFT for one pockets. Nevertheless, to get your palms on the duffle bag, it’s essential to redeem three tokens. At current, the Materials NFT has a flooring worth of 0.22ETH on OpenSea. So, that is roughly $412 at the moment (August 1st, 2023). In retailer, the same wanting Gucci pockets prices $460, and a duffle bag, $1790.
So, what does this imply? Nicely, it might be clever for holders to decide on the duffle bag. Three Gucci Materials NFTs prices round $1,236 – that’s over $500 lower than a (related) Gucci duffle bag. Then, issue within the co-branded emblem. Might the co-branding between Gucci and 10KTF add shortage and rarity?
How Did Gucci Collaborate With 10KTF?
After introducing Gucci Grail NFTs, holders had been invited to participate in a 10KTF mission in Battle City. Then, Materials NFTs had been despatched to all those that participated. After months of hypothesis, Gucci lastly revealed the phygital facet of the NFTs.
That is an unbelievable instance of manufacturers implementing engagement-based rewards. Different manufacturers to introduce NFTs as rewards embody All Yoga with their digital twins and free in-store NFTs. After all, we will’t point out NFT loyalty with out mentioning Starbucks Odyssey. Additional, this isn’t the primary time that Gucci has performed with phygital rewards. Gucci launched the ‘KodaPendant’ along with Yuga Labs. Due to this fact, this latest providing additional cements the model’s place within the Web3 world.