By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Big Brands are Charging into the NFT/Crypto Marketing Space
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Crypto > Bitcoin > Big Brands are Charging into the NFT/Crypto Marketing Space
Bitcoin

Big Brands are Charging into the NFT/Crypto Marketing Space

Avery Smith
Last updated: January 30, 2022 6:02 pm
Avery Smith
Share
4 Min Read
Screenshot 253 2
SHARE

#brands #crypto #marketing #consumers #NFTs #digital #metaverse

Recently, there has been a lot of hype around NFTs and Crypto is surging in the digital world for now.

However, due to the promising future of these digital technologies, many big brands like Coke, Louis Vuitton, Dolce & Gabbana, Nike, Gucci, etc have entered the market space and others like Walmart, Adidas, Crocs footwear, etc. are planning to bite into what NFT/Crypto has to offer.  

But the question that a lot of people have is “Why are brands coming into the NFT/Crypto space?”  

Well, it is not rocket science why brands will want to come into the digital spaces. Every day people are spending more time in the virtual world and research shows that the number of people spending time in the virtual world will increase.

This has further reinforced the notion that there is no better market strategy than for brands to come into the space where most of their target customers are spending their time.

The covid-19 and omicron virus has also been added to the list of reason why people are going virtual.

This has led the world to improvise. Several celebrities have even had their concert in the metaverse like Ariana Grande, The Weekend, Travis Scott, etc.

The NFT/Crypto marketing strategy offers brands benefits like;

An avenue to increase their commercial and customer engagements

A lot of brands have devised innovative means, using NFT/Crypto to market new products, boost their image, and brand loyalties by creating NFT collectibles and limited editions to attract people to their brands and keep them engaged.

This development started in 2021 and is gaining a lot of attention in 2022 with more brands using it to increase their brand awareness and customer engagement

These tokens can be used as rewards to incentivize customers through gifts that are valuable in real life and access to exclusive events hosted by the brand.

Recently, Louis Vuitton celebrated their 222nd anniversary with the launching of an NFT game set in the metaverse and their loyal customers where given access to this metaverse.

An Avenue to boost their earnings 

Brands bringing their products to the virtual world helps to boost their income. They can sell not just physical goods but digital goods as well.

In addition, creating their digital currency will help reduce transaction costs for their customers and increase their income since there are no third parties to pay. 

Easy management of digital goods

With the Blockchain and smart contract technology brands can manage, collect and store digital collectibles without the fear of losing money to people downloading them for free.

An example of a brand that shows that digital products can sell is the RTFKT sneaker. The digital sneaker was sold on Snapchat with over 600 sales in 7 minutes, making them a sum of 3.1 m USD.

Final note

The NFT/Crypto blockchain technology has proven useful to brands and there are still more benefits yet to be experienced.  imagine fashion week in metaverse…cool right!? Exactly. Digital is the future and brands that can utilize this development now will be at a huge advantage in the future.

You Might Also Like

Understanding the Dow Jones Industrial Average

Saudi Arabia’s Digital Revolution

US Bombs Iran: Escalation and Implications

Bitcoin Dip Is Your Opportunity

Google Password Leak Update

TAGGED:brandsconsumerscryptodigitalmarketingmetaverseNFTstrading

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article remote leadership Evolution of America’s Workforce in this Digital Age
Next Article FI1nhl6UYAANIOP 7 ways to verify the authenticity of NFT collectibles


Latest News

1 fNG3gCjlu2C76OfK4kr GA
Quo Vadis : Are you happy?
Catholic Headline News Lifestyle Lifestyles of the RIch and Famous Living Luxury Opinion Shayne Heffernan June 24, 2025
250624 j hope at the louis vuitton mens spring summer 2026 v0 fz8ra4szix8f1
Pharrell’s Spring/Summer 2026 Louis Vuitton Menswear Collection: Another Massive Miss
Fashion June 24, 2025
image 82
Detailed History of Iran Israel Wars and Ceasefires
Headline News June 24, 2025
image 77 1
Iran Strikes U.S. Bases in Qatar and Iraq
Featured Headline News Shayne Heffernan Sovereign Individual Stocks USD June 23, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?