The luxury industry is committed not to repeating the same mistake. When the ecommerce revolution began in the late 1990s, it was usually viewed with scepticism. Before scrambling to catch up with the rest of the retail sector, most luxury businesses waited many years to appreciate its potential. Bain & Company’s periodic worldwide studies of …
Overview of the latest brands entering the space Lire la suite »
The fashion industry, particularly luxury brands, was notoriously slow to adapt to the explosive growth of e-commerce and online shopping. However, with the advent of web3, they may be ahead of the competition. However, what is web3? Web3 refers to a decentralised online ecosystem built on the blockchain at its most fundamental level. The platforms …
How Could Web3 Change Fashion & Luxury Brands? Lire la suite »
The luxury industry is committed not to repeating the same mistake. When the ecommerce revolution began in the late 1990s, it was usually viewed with scepticism. Before scrambling to catch up with the rest of the retail sector, most luxury businesses waited many years to appreciate its potential. Bain & Company’s periodic worldwide studies of …
How Brands are Capitalising on the Web3 Movement? Lire la suite »
Web3 is transforming our lives by fostering a transition to an open-source digital arena that employs blockchain technology as the primary catalyst for a transparent internet. According to the International Trade Association, e-commerce has seen significant growth in recent years. In 2020, the sector accounted for 18% of worldwide retail sales; by 2024, it is …