This week, Louis Vuitton announced a new collection of physical-backed NFTs linked to exclusive products and experiences. The pricey tokens are soulbound and cannot be sold once purchased. Apple also unveiled its new Vision Pro headset with a hefty price tag and no mention of the metaverse. Meanwhile, NFT lending platforms are on the rise, but who stands to benefit from this practice?
Louis Vuitton’s Via Treasure Trunks collection will be available to select customers in the U.S., Canada, France, the U.K., Germany, Japan, and Australia on June 16. Each NFT will cost €39,000 including tax or $39,000 without tax in the U.S. Apple’s Vision Pro headset is a spatial computer that will be released next year for $3,500. It will introduce VisionOS, a spatial operating system that offers a three-dimensional interface.
NFT lending has taken off with major players joining the space. Blur launched Blend, a peer-to-peer lending platform that allows users to borrow against their NFTs as collateral. Binance NFT Loan and Astaria also offer NFTfi services. Coinbase released an open edition, commemorative NFT called “Stand with Crypto” as a symbol of support for the crypto community. Warner Bros. is releasing the Superman Web3 Movie Experience, a multimedia NFT collection.
Investments in blockchain games and metaverse projects reached $476 million in May. Metaverse giant Animoca Brands reported a deferred revenue increase in 2020 from $6.947 million to $27.890 million. The SEC’s moves against Binance and Coinbase have people wondering what the differences are between the U.S. version of Binance and its larger international exchange.