February 07, 2022 - 2 min read
SupraOracles is excited to announce its partnership with LuxFi, the world’s first asset-backed NFT marketplace for luxury assets. LuxFi allows users to purchase, trade, and invest in luxury assets using both cryptocurrency and traditional payment methods. LuxFi focuses on luxury assets that have a high resale value and keep their worth effectively. LuxFi prevents counterfeiting by minting NFTs on multi-chain blockchain networks and providing accurate NFT pricing based on real-world facts.
LuxFi’s data intelligence solution can turn raw data from social media and sales channels, as well as SKUs and different luxury brands, into useful information and business insights for decision-makers. Real-world luxury assets may be brought on-chain using LuxFi, supported by verifiable and transparent records of origin and ownership, reducing counterfeiting and improving luxury goods market prices.
LuxFi and SupraOracles are exploring ways to collaborate in order to assist in designing the future of the luxury NFT. LuxFi may accept SupraOracles’ token (when launched) as a payment method among other cryptocurrencies in LuxFi’s NFT Marketplace.
Aidaa Wong, CEO of LuxFi, commented:
“We focus on luxury assets that have a high resale value and keep their value effectively. We’re looking forward to working with SupraOracles. We’ll soon be a leading NFT marketplace for luxury items with pricing backed by real-world data.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We are ecstatic to have the opportunity to join in a new NFT market. In general, luxury assets and collectibles have a high resale value, but they are frequently sitting inactive and not in circulation. We are certain that LuxFi will be able to achieve their objectives with SupraOracles.”
SupraOracles aims to connect traditional capital markets with the web3 environment. Our objective is to provide a revolutionary Oracle toolset to the developer community, allowing them to easily construct, deploy, and manage data applications with superior performance, robustness, and agility.
Our team includes experts with backgrounds in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, PhD academia, big 4 consulting, blockchain/DLT, and DeFi.
SupraOracles wants to solve the oracle conundrum and eventually power the future of finance with the help of our developer community and an increasing number of partners.
LuxFi is the world’s first asset-backed NFT luxury asset marketplace, allowing users to purchase, trade, and invest in luxury goods using cryptocurrencies and standard payment methods. LuxFi avoids counterfeiting when minting an NFT on a multi-chain blockchain network by utilizing a big data intelligence system and a unique algorithm for automated data collection and processing. LuxFi focuses on luxury assets that keep their value and have a high resale value, so their NFT pricing is precise and backed by real-world data.
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