crypto fixes this FIGHT ME
- be Nike
- see $2b in secondary market revenue
- put shoes on Polygon
- Secondhand luxury products worth 45 billion euros, or $49.3 billion at current exchange rates, were sold worldwide in 2023, based on Bain & Company estimates. The resale market has roughly doubled in size in four years and is now equivalent to 12% of the value of the market for new personal luxury goods.
Go ahead and tell me about your fucking databases again. Show me how the database, which has been around for 200 years, should obviously just be adopted to a problem that the luxury industry has just... not applied until now. You know. That industry where individual families can run a business across four hundred fucking uninterrupted years. Then tell me why they wouldn't just do what Nike did, considering it could make them an extra
Five
BILLION
dollars a year.
Come at me. fucking do it.
The NFT shoes are certificates redeemable for shoes aren't they? Like no need to own the actual watch just buy an option on with option for redemption of physical. A luxury good equivalent of a metals/commodity exchange. Thats probably the best use of blockchain. Trade in the NFTs have the exchange charge a fee but store the actual in a vault. Or better yet, never actually make the watch just build it on demand if its actually claimed.
A Rolex 126500 Daytona timepiece costs $15,100 to buy new. As the model is scarce, an unauthorized dealer can sell a used one for $32,300 according to WatchCharts estimates. However, a used Daytona sold through the Rolex certified initiative can fetch $37,000 or more. Blockchain could soon make it impossible to sell a stolen Rolex I WILL FUCK YOU UPRolex is an exception. In late 2022, the Swiss watchmaker launched a certified preowned watch program that is turning out to be a savvy business move. Early signs are that shoppers are willing to pay extra for used watches that have been verified by Rolex.