Louis Vuitton, the renowned luxury fashion house from France, is gearing up to launch an exclusive non-fungible token (NFT) collection called VIA Treasure Trunks. This collection will introduce luxury NFT offerings that are available only to privileged members. The VIA Treasure Trunks collection consists of several hundred trunks in digital format, and starting on June 8, they will be made available through a waiting list. The introduction of NFTs by Louis Vuitton has significant implications for the intersection of luxury brands and cryptocurrencies. Louis Vuitton’s foray into the NFT space adds credibility and mainstream recognition to digital ownership. By offering physically-backed NFTs and immersive experiences, they bridge the gap between digital and physical realms. This trend indicates established brands exploring NFTs, benefiting cryptocurrencies like Polygon (MATIC), Solana (SOL), and Caged Beasts (BEASTS).
Solana’s User-Centric Experiences
Solana (SOL) has introduced a groundbreaking feature in the NFT space, with Messari highlighting its potential in a recent tweet. The use of state compression for storing data directly on-chain is set to revolutionize asset storage and execution, significantly reducing costs. Solana’s official website showcases projects like Helium, DRiP, and Wordcel, utilizing state compression to deliver scalable and user-centric experiences on the platform.
With these advancements, Solana’s NFT metrics are likely to reflect the positive effects of state compression. Unlike many cryptocurrencies affected by the bearish market, SOL has displayed resilience, witnessing a 4% price increase in the past week. Currently trading at $21.58, SOL boasts a market capitalization exceeding $8.5 billion, demonstrating its strength in the market.
Polygon’s Whale Transactions Surge
Following the recent regulatory crackdown on the cryptocurrency market, there has been a significant surge in large transactions on the Polygon (MATIC) network, indicating the involvement of whales. Large transactions, defined as those exceeding $100,000, have witnessed a staggering 742% increase in volume on the Polygon network, reaching $64.44 million within the last 24 hours, according to on-chain analytics firm IntoTheBlock.
Such transactions often provide insights into the actions of whales, suggesting a substantial amount of buying or selling activity by these influential holders. As a result of the SEC’s lawsuit against major crypto exchanges like Binance and Coinbase, altcoins have been hit hardest, leading to overall market declines ranging from 5% to 18% across most cryptocurrencies.
Caged Beasts’ Unique Referral Program
Experience the exhilaration of being part of the Caged Beasts ($BEASTS) community, where thrilling events, engaging contests, and exclusive NFT releases await. By joining this vibrant community, you gain early access to these unique NFTs, opening up the possibility of substantial profits in the future.
The earn function on Caged Beasts introduces an innovative way for users to earn rewards. By creating their unique referral code, users can share it with others. When someone makes a purchase using the referral code, the user who owns the code instantly receives 20% of the deposited amount (in ETH, BNB, or USDT) directly to their wallet. This reward can be freely spent, withdrawn, or utilized in other ways. This groundbreaking presale tactic aims to foster a strong and supportive community, as each investment in the presale benefits others.
Unlock the full potential of the $BEASTS Referral Program and seize immediate and ongoing earning opportunities. Not only will you receive an instant bonus when you refer a friend, but you’ll also set in motion a chain of potential earnings, given the project’s promising outlook. With its multi-tiered benefits, the BEASTS Referral Program is the ideal choice for those seeking to maximize passive income with minimal risk and effort.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
