Hermès shows displeasure with its Birkin Bags showing on the metaverse.
The post Hermès Birkin Bags: Would You Get Yourself An NFT Version" appeared first on LUXUO.

The advent of the metaverse heralds a new potential revenue stream for those who are willing to take their chances in this uncharted digital space. The result" Heaps of money as seen from the sales of non-fungible tokens (NFTs), just like the one sold by Los-Angeles based digital creator Rothschild. The artist?s MetaBirkin NFT collection, ?Baby Birkin? has accumulated nearly US$450,000.

The reimagined Birkin bags created by Rothschild come in faux fur and in an assortment of colours. The widely popular handbag was created by the French luxury fashion house Hermès back in 1984 and has a price range of US$9,000 to US$400,000. A custom Birkin bag could cost even more and one has to be placed on a waiting list before getting it.
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READ MORE: Stella Lee, UOB Investment Writer, on why Birkins and investing are more alike than different

With the NFT market heating up, more and more brands and artists are looking towards the metaverse. Fashion brand, in particular, like Gucci, Givenchy, Burberry and Dolce & Gabbana have all released their own versions of the digital asset. This can come in the form of a short film to in-game accessories. According to analysts at Morgan Stanley, sales of luxury NFTs c...