Prada launches new NFT collection: Timecapsule NFT

Yuvi
Yuvi
2 Min Read

Summary

  • Prada’s new 100 NFTs will be associated with a physical garment
  • Prada and its experience with blockchain technology

Today, Prada will launch its new collection in collaboration with Cassius Hirst, son of the famous artist Damien Hirst.

Prada
Prada Timecapsule NFT in collaboration with[-]
Cassius Hirst.

The idea of this major luxury fashion house is to create a fantastic marriage between physical and digital by issuing a free non-fungible token to every customer who decides to purchase one of the garments from the new collection.

Thus, buyers will receive a free NFT along with Prada x Cassius Hirst unisex button-down shirts, available in black or white.

The NFTs will be represented by a GIF of the capsule collection and will include a number associated with each physical shirt.

Prada’s experience with blockchain technology

Prada launches new NFT collection: Timecapsule NFT
Timecapsule NFT

For both Prada and the Hirst family, this is not the first approach to the world of Non-Fungible Tokens.

In fact, Damien Hirst’s first collection, “The Currency”, dates back to July last year and currently has a floor price of 5.2 ETH.

Prada on the other hand, as already mentioned, had collaborated with Adidas to release the collection: “Adidas for Prada re-source” on Polygon.

The beauty of this new limited collection is that it does not force customers to choose between physical and digital. In fact, the non-fungible token will be given for free with the purchase of the garment, thus using the potential of NFTs more like certificates of ownership than works of art. They will be digital assets that will accompany physical assets.

Prada
Prada Timecapsule NFT shirt by Cass Hirst.

The collection will rely on the technology of the Aura Blockchain Consortium.

Aura is a non-profit organization founded by LVMH, Prada and Cartier, which uses Quorum, an Ethereum-based blockchain platform offering blockchain-as-a-service, ConsenSys Rollups and other blockchain products.

TAGGED: , ,
Share this Article
Posted by Yuvi
Follow:
Co-founder of Xryptonation.com, Senior Author, Editor, Blockchain Expert.
1 Comment