Cryptocurrency, blockchain, and digital asset technology company, Net Savings Link (OTCMKTS:NSAV) on August 30, 2021, announced a collaboration with LuxFi for launching a real-world luxury asset-backed NFT marketplace. The marketplace will work directly with professional experts as well as retailers for removing any counterfeit items on the blockchain network as well as give precise NFT pricing.
The announcement demonstrates stupendous growth as well as the growing applicability of the NFT marketplace sector. NonFungible.com estimates that $2 billion was spent on the NFT tokens in quarter one of 2021, a surge of over 2,000% from the previous quarter itself.
Aidaa Wong, Founder, and CEO of LuxFi said that the company’s mission is to unlock real value and augment the liquidity of real-world luxury assets through blockchain.
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner said that the company has the resources and the team for supporting LuxFi to become a real-world asset-backed NFT Marketplace for luxury assets.
NSAV management opines that it is the perfect time to expand the NFT market and will harness its resources for supporting LuxFi to become a leader in the real-world luxury asset-backed NFT Marketplace. NFTs have resulted in bringing changes to the Art world even as the global sales of art and antiques reached an estimated $50.1 billion in 2020.