BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Luxury Brand Prada to Enter the NFT Space Once Again

by BlockNews.com Team
June 2, 2022
in Business, Metaverse, NFT
A A
Luxury Brand Prada to Enter the NFT Space Once Again
1
SHARES
Share on TwitterShare on Reddit

On Thursday, world-renowed luxury brand Prada is anticipated to release their own NFT set: Prada Timecapsule. 

Prada has previously involved intself in the non-fungible token (NFT) space when earlier this year it partnered with digital artist Zach Lieberman and Super rare for an Adidas project collab. This set will not be a collaboration and instead a Prada set all on it’s own.

An online event hosted on the first Thursday of every month, Prada Timecapsule has, since December 2019, opened up exclusive access to clothing items on its website for 24 hours. Drop #30 in this series will be coupled with an NFT.

According to Prada, the asset’s design will be “decorated with Cassius Hirst’s signature mask and brain scan designs, both symbolizing unity and togetherness.”

NFT members criticize the move

Some people in the NFT space have criticized the luxury brand’s involvement in the NFT space, suggesting that it’s previously released NFT set that they did with Adidas hasn’t been delivering in the way they initially promised and their holders have still yet to see viable utility value. At the tine of posting this article, the digital asset is currently trading on Opensea for a value of 0.08 ETH and has roughly 2,700 holders. 

Tags: metaverseNFTPrada
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?
Crypto

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
FIFA Teams Up With Avalanche To Launch Its Own Blockchain—Here’s What It Means
Crypto

FIFA Teams Up With Avalanche To Launch Its Own Blockchain—Here’s What It Means

May 24, 2025
Hester Peirce Slams SEC for Killing NFT Innovation: Confirms Many NFTs are NOT Securities
Crypto

Hester Peirce Slams SEC for Killing NFT Innovation: Confirms Many NFTs are NOT Securities

May 19, 2025
Conflicting Signals for AVAX: NFT Mania vs. Weak Demand
Crypto

Conflicting Signals for AVAX: NFT Mania vs. Weak Demand

May 17, 2025
JRNYERS on Cardano: A New Chapter Begins Right Now
Cardano

JRNYERS on Cardano: A New Chapter Begins Right Now

May 16, 2025
Coinbase Faces $400M Loss After Insider-Fueled Data Breach: Should You Be Worried?
Business

Coinbase Faces $400M Loss After Insider-Fueled Data Breach: Should You Be Worried?

May 15, 2025
Load More

Related News

ETH’s Stuck Below $2.8K—What’s Next?

ETH’s Stuck Below $2.8K—What’s Next?

May 31, 2025
Bitcoin’s Bull Run Still On – But Not For Long

Bitcoin’s Bull Run Still On – But Not For Long

May 31, 2025
SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

May 31, 2025
Elon Musk Steps Down from DOGE, Remains Trump Advisor

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.