Yuga Labs and Gucci collaborate to launch a new NFT series
Recent reports indicate that Gucci and Yuga Labs collaborated to bring a new NFT series focused on the Otherside metaverse.
Yuga announces Gucci-focused NFT series
Fashion brands have recently been investing in the metaverse. The latest one is Gucci. Incoming reports indicate that this company partnered with Yuga Labs.
However, reports indicate that owing to a collaboration between Yuga Labs and Gucci, a new NFT series called Otherside: Relics by Gucci has been launched.
The first NFT sub-series in this newly launched series is the KodaPendant. This new sub-series consists of 3333 KodaPendant NFTs, ready for sale on Thursday, April 6, at 6:00 pm EST.
Further reports indicate that purchasing any NFT from this collection will require Apecoin, BAYC’s native token. The floor price is set at 450 APE.
This NFT series involves some physical products from Gucci and NFTs, which will be connected to the yet-to-be-launched metaverse game Otherside. The reports indicate that this NFT will help unlock some of Otherside’s perks.
Early access to the NFTs will only be afforded to investors who hold Vessel or Koda NFTs. Essentially, Otherdeed NFT holders were given a chance to claim vessel NFTs. As such, anyone holding Otherdeed can get early access to purchase KodaPendants.
The reports indicate that the KodaPendant NFTs will be linked to physical jewelry. Anyone holding Kodapendant can claim some physical Jewelry at some extra cost. Each Kodapendant NFT will be accompanied by a Silver chain, each with a limited edition number at the back.
The physical KodaPendant will only be available in Canada, the U.S., Japan, most European nations, Kuwait, Qatar, Saudi Arabia, and the UAE.
NFTs enjoying adoption
The crypto and metaverse landscape is growing deep into the fashion industry, with many projects interested.
The NFT and metaverse space is enjoying speedy adoption in the fashion industry. Major fashion brands, including Nike, Adidas, Lui Vuitton, and L’Oréal, have recently been venturing into this space.
Only a few days ago, L’Oréal collaborated with RLYT to bring the Brandstorm competition. This collaboration was the company’s first step into the metaverse.