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BRANDS October 2022

Brands Join the Web3 Revolution, NFT and the Metaverse

In the age of Web3, brands are exploring new ways to reach their audiences and create more immersive and interactive experiences. As gaming, the Metaverse and non fungible tokens (NFT) become increasingly popular, many globally recognized brands are beginning to partner with Web3 companies to tap into this new virtual world.

Apparel brands such as Nike, Adidas and Louis Vuitton have launched collections of NFTs and have partnered with Web3 companies to create unique virtual experiences. For example, Louis Vuitton created a Web3 game called "Louis: The Game" where players can collect exclusive branded NFTs and customize their own Louis Vuitton avatar.

Watch brands are also entering the Web3 world. Hublot, a Swiss luxury watch brand, launched a collection of NFTs in collaboration with the NFT platform, OpenSea. Each NFT represents an exclusive watch from the brand, and owners of the NFT have the option to redeem it for the corresponding physical watch.

Other brands, such as Coca-Cola and Visa, are also exploring the world of Web3 and NFTs. Coca-Cola launched a series of collectible NFTs in collaboration with the NFT platform, Tafi, featuring the company's logo and branding in different shapes and unique designs. Visa, meanwhile, is working on an NFTs platform that will allow Visa cardholders to purchase exclusive NFTs and participate in auctions.

These collaborations not only provide new marketing and consumer engagement opportunities, but also allow brands to explore new ways of monetization and ownership in the digital economy. NFTs and the metaverse are opening up a new world of possibilities for brands and consumers, and Web3 companies are leading the way into this new era of entertainment and commerce.

In short, globally recognized brands are partnering with Web3 companies to explore new ways to reach their audiences and create more immersive and interactive experiences. From collections of NFTs to web3 games and branded virtual spaces, the possibilities are endless. Brands are recognizing the potential of Web3 and the metaverse, and are working to adapt and thrive in this new virtual world.

NFT Trends

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