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Polygon ($MATIC) Powered Debut NFT Collection by Dolce & Gabbana Sells for 1,885 ETH

source-logo  cryptoglobe.com 09 October 2021 21:05, UTC

Recently, Italian luxury fashion house Dolce & Gabbana (aka “D&G”) reported that “Collezione Genesi”, its debut NFT collection (which consists of both digital and physical works of art) had sold for over 1,885 ETH on Polygon-powered NFT marketplace UNXD.

As CryptoGlobe reported on July 15, the items from this fashion NFT collection, which was inspired by the city of Venice, and created in collaboration with UNXD, got featured in three D&G events — Alta Moda (i.e. high fashion or haute couture), Alta Sartoria (i.e. high-level formalwear), and Alta Gioielleria (i.e. high/fine jewellery) — that took place in Venice on August 28, August 29, and August 30 respectively.

Auctions of the items in the Collezione Genesi went live on the UNXD website on September 26.

🔥 Bidding on the Dolce&Gabbana x @UNXD_NFT debut NFT collection is heating up. Auctions live now on https://t.co/MlxRvSi6dP https://t.co/Tr1QcAzuWB

— Dolce & Gabbana (@dolcegabbana) September 26, 2021

The idea was that the winner of each auction would receive not just an NFT, but also the physical version of that NFT as well as access to exclusive D&G events. For example, in the case of “The Glass Suit”, the winner would receive the following set of digital, physical, and experiential goods:

Source: UNXD

According to UNXD, “this 9-piece, one-of-a-kind collection was personally designed by Domenico Dolce and Stefano Gabbana exclusively for UNXD” and D&G says it “took an insane 16,000 hours of total time to create.”

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Provenance & rarity: This entire NFT collection was personally designed by Domenico Dolce & Stefano Gabbana and will be a reference point for the ecosystem. It's also very rare: 9 iconic, one-of-a-kind pieces that have been made once and will never be made again. pic.twitter.com/OUfZObalY5

— Dolce & Gabbana (@dolcegabbana) September 26, 2021

The winning bids for these nine items ranged from 97.436 wETH (for “The Mosaic Impossible Jacket“) to 423.500 wETH (for “The Doge Crown“):

Source: UNXD
Source: UNXD
Source: UNXD

According to a report by The New York Times published on October 4, the buyers “included Pranksy and Seedphrase, two leading NFT collectors; Boson Protocol, a company building a crypto-commerce protocol; and Red DAO, a decentralized autonomous organization formed in the crypto community to invest in digital fashion.”

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Photo by “MAKY_OREL” via Pixabay

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