Boson Protocol Purchases ‘The Glass Suit’ NFT From Dolce & Gabbana, Collection Sells For Over $5.7m

Dolce & Gabbana, an Italian luxury fashion house, has sold more than $5.7 million in digital and physical merchandise. This includes fine clothing and jewellery. A $1 million suit was also sold to an NFT buyer. The buyer now has one year to fit for the physical version. A digital tiara valued at $340,700 is also included in the sales.

Boson Protocol, a tokenized ecommerce development company, purchased the $1 million green-glass suit. The suit’s elaborate detail is now owned by the NFT. Boson Protocol staff was asked to fit the NFT suit’s physical version.

CryptoDaily first reported the debut of the collection in July. The exclusive “Collezione Genesi” NFT collection was launched on Polygon’s UNXD marketplace. Boson Protocol was the successful bidder for The Glass Suit. It paid 351 Ethereum ($1.047 million). Boson Protocol now has the original digital file of The Glass Suit. It shows a video showing the suit as worn by an anonymous silver mannequin. The original physical version of The Glass Suit has 72 embroidered glassworks. The base is 100% silk.

Boson Protocol, a decentralized commerce platform that was founded in dCommerce, is the first to be able to purchase a piece of Dolce & Gabbana NFT. Boson Protocol is an e-commerce tokenization protocol that provides escrow smart contracts representations for non-fungible commitment tokens. This allows automation of digital to physical redemptions by embedding game theory into NFTs. The protocol, which is based in London, follows the ERC-20 token standards and allows for the monetization of seller and consumer data in a self-governing and privacy-preserving way.

“At Boson Protocol we have been closely following the outstanding work done by UNXD, Dolce & Gabbana and its founder, Shashi Menon, as well as their chief executive. The Collezione Genesi represents a pivotal moment in NFT history. It connects digital and physical in a fascinating manner. That is why Boson decided to acquire The Glass Suit,” the firm stated in a blog.

Five of the nine Collezion Genesi NFTs pieces were made available as physical versions. These included two dresses, one suit and two crowns with jewels. Dolce & Gabbana offered the digital pieces to NFT owners who had purchased them successfully. This included a visit to the fashion company’s design studios.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.

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https://www.cryptodaily.co.uk/2021/10/Boson-Protocol-Purchases-The-Glass-Suit-NFT-From-Dolce-Gabbana-Collection-Sells-For-Over-5-7-M