In partnership with MiCodmc, a selection of establishments ripe for discovery during the 63rd edition of the Salone del Mobile.Milano, from 8th to 13th April


The latest Vogue Business Newsletter explains why brands are burning experimental NFTs

Vogue Business discusses a new (digital) way for brands to manipulate prices, leveraging scarcity, with examples of different fashion and beauty brands: “a key feature of blockchains and NFTs is that they can't be changed, replicated or deleted, allowing for authenticity, ownership and scarcity. So, what happens if a luxury brand — many of whom are now experimenting with NFTs — wants to change or eliminate an NFT they’ve put on the market? They can burn it.” (full article available online upon subscription)
Magazine: Vogue Business
Country: United Kingdom
Article: Why brands are burning NFTs
Author: Maghan McDowell