For those who may not be aware, Dolce & Gabbana is an Italian luxury fashion house founded in 1985 in Legnano by Italian designers Domenico Dolce and Stefano Gabbana.
Personally growing up, I've been quite attached to most of the Italian luxury fashion houses (call it brands) such as Gucci, Versace, and Dolce & Gabbana. Those have been my three favorite luxury fashion companies, and surprise, all are Italian companies. Although Gucci was way over the top, well in terms of "most spoken of brand" Gucci was always there, but honestly, I kind of had more attraction to Versace.
That said, Dolce & Gabbana has been competitive regardless of its competitors' performance. Their inputs in creating things like watches were one of the things creating room for them on trending pages. When investing in stocks I'd say, first, one has to look into the company's current financial status, the projects at hand, and then visualize what the value for it is like, before venturing into buying shares.
I still pretty much believe that NFTs are a replacement for Stocks, and cryptocurrency a replacement for Fiat currency. It actually is what it is, though many tend to be in doubt, but I guess that's only natural.
Some time back, "GUCCI" ventured into NFTs, though I wasn't opportune to look into what and what were in place, but I believe some shit cash was made in the process, and yes, this was a grand opposure for the crypto space and it's blockchain merits.
However, these companies may only be interested in selling these virtual products based on it's discovery on just how much money can be made, while some could just understand the actual "potentials" it holds. However, investors are not two minded in the process.
This week, the Italian luxury fashion Dolce and Stefano Gabbana announced that the firm is launching a non-fungible token (NFT) collection. Dolce & Gabbana also known as D&G will reveal the first-ever Alta Moda NFT collection called “DGGenesi.”
According to a report stemming from the fashion publication Vogue, the D&G NFT collection will premiere at the August 28-30 Alta Sartoria and Alta Gioielleria shows in Italy. The term “alta moda” means “high fashion” and DGGenesi or the “Collezione Genesi” collection was inspired by this trend.
Usually, Alta Moda is otherwise known as “Haute Couture,” which is basically when a fashion designer leverages hand-made fabrics with an attention to detail. In the 1880s and late 19th century, Alta Moda in Milan also meant ”fashion conscious.”
D&G followed the high fashion brand Gucci when the company recently sold its NFT “Gucci Aria” using the auction house Christie’s. The Gucci brand NFT sold for $25K and proceeds from the Gucci Aria NFT will be directed toward Unicef USA. Clothia, a luxury online retailer has also recently announced an NFT collection based on high fashion dresses.
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Potentially speaking, NFTs have what it takes to change means of investments in companies of this nature and more. Slowly, stocks will become "old fashion" and people will see it fit to digitalize assets with blockchain technology and definitely, cash will be wiped out of existence, I guess that can only be a merit since if less or no cash is printed, less need for deforestation and I can't see why that wouldn't be a good thing?
What's your take on this one folks?