{"id":10073,"date":"2023-08-01T00:45:51","date_gmt":"2023-08-01T00:45:51","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/01\/baggage-youll-want-to-carry-the-gucci-nft-rewards\/"},"modified":"2023-08-01T00:45:51","modified_gmt":"2023-08-01T00:45:51","slug":"baggage-youll-want-to-carry-the-gucci-nft-rewards","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/01\/baggage-youll-want-to-carry-the-gucci-nft-rewards\/","title":{"rendered":"\u201cBaggage You&#8217;ll Want to Carry\u201d &#8211; The Gucci NFT Rewards"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Gucci NFT holders were surprised last week with the news of physical merch! Holders minted 2,896 Gucci Material NFTs in March. Now, they can exchange these tokens for luxury rewards. The news came earlier this week, and now, we have a look at just what is in store for <a href=\"https:\/\/nftevening.com\/own-gucci-nfts-get-gucci-gifts-luxury-wallets-and-bags-await\/\" target=\"_blank\" rel=\"noopener\">Gucci NFT holders.\u00a0<\/a><\/p>\n<figure id=\"attachment_123590\" aria-describedby=\"caption-attachment-123590\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-123590\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screen-Shot-2023-08-01-at-10.36.07-am.png\" alt=\"A brown gucci duffle bag for gucci nft holders, co branded with 10KTF\" width=\"1200\" height=\"673\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screen-Shot-2023-08-01-at-10.36.07-am.png 742w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screen-Shot-2023-08-01-at-10.36.07-am-300x168.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screen-Shot-2023-08-01-at-10.36.07-am-100x56.png 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screen-Shot-2023-08-01-at-10.36.07-am-150x84.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screen-Shot-2023-08-01-at-10.36.07-am-450x252.png 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/noscript><figcaption id=\"caption-attachment-123590\" class=\"wp-caption-text\">\u201cBaggage You Will Want to Carry\u201d : Image credit: Gucci\/10KTF\/Shutterstock<\/figcaption><\/figure>\n<h2><span id=\"Gucci_NFT_Holders_Wallet_or_Duffle_Bag_the_Choice_is_Yours\">Gucci NFT Holders: Wallet or Duffle Bag, the Choice is Yours<\/span><\/h2>\n<p>Late July, Gucci announced that holder\u2019s could <a href=\"https:\/\/10ktf.shop\" target=\"_blank\" rel=\"noopener\">redeem either a wallet or a bag using their NFT<\/a>. We now have full details on how holders can receive their goods. Firstly, there is a stylish Gucci bifold wallet \u2013 a wallet you do not need a seed phrase for! Then, there is the duffle bag. This is a Gucci x 10KTF co-branded bag.<\/p>\n<p>To receive the wallet, holders must exchange one Gucci Vault Material NFT for one wallet. However, to get your hands on the duffle bag, you need to redeem three tokens. At present, the Material NFT has a floor price of 0.22ETH on <a href=\"https:\/\/nftevening.com\/what-is-opensea-a-guide-to-the-most-popular-nft-marketplace\/\" target=\"_blank\" rel=\"noopener\">OpenSea<\/a>. So, this is approximately $412 today (August 1st, 2023). In store, a similar looking Gucci wallet costs $460, and a duffle bag, $1790.<\/p>\n<p>So, what does this mean? Well, it may be wise for holders to choose the duffle bag. Three Gucci Material NFTs costs around $1,236 \u2013 that\u2019s over $500 less than a (similar) Gucci duffle bag. Then, factor in the co-branded logo. Could the co-branding between Gucci and 10KTF add scarcity and rarity?<\/p>\n<h2><span id=\"How_Did_Gucci_Collaborate_With_10KTF\">How Did Gucci Collaborate With 10KTF?<\/span><\/h2>\n<p>After introducing Gucci Grail NFTs, holders were invited to take part in a 10KTF mission in Battle Town. Then, Material NFTs were sent to all those who participated. After months of speculation, Gucci finally revealed the <a href=\"https:\/\/nftevening.com\/the-ultimate-guide-to-phygital-nfts\/\" target=\"_blank\" rel=\"noopener\">phygital<\/a> aspect of the NFTs.<\/p>\n<p>This is an incredible example of brands implementing engagement-based rewards. Other brands to introduce NFTs as rewards include <a href=\"https:\/\/nftevening.com\/alo-yoga-offers-free-digital-twin-nfts-for-aspen-collection-buyers\/\" target=\"_blank\" rel=\"noopener\">All Yoga\u00a0with their digital twins<\/a> and free in-store NFTs. Of course, we can\u2019t mention NFT loyalty without mentioning<a href=\"https:\/\/nftevening.com\/starbucks-odyssey-starbucks-launches-web3-rewards-platform\/\" target=\"_blank\" rel=\"noopener\"> Starbucks Odyssey<\/a>. Further, this is not the first time that Gucci has played with phygital rewards. <a href=\"https:\/\/nftevening.com\/kodapendant-nft-gucci-and-yuga-labs-unveil-new-collaboration\/\" target=\"_blank\" rel=\"noopener\">Gucci introduced the \u2018KodaPendant\u2019<\/a> together with<a href=\"https:\/\/nftevening.com\/yuga-labs-a-complete-guide-to-the-web3-giants\/\" target=\"_blank\" rel=\"noopener\"> Yuga Labs.<\/a> Therefore, this newest offering further cements the brand\u2019s place in the Web3 world.<\/p>\n<p>\u00a0<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/baggage-youll-want-to-carry-the-gucci-nft-rewards\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gucci NFT holders were surprised last week with the news of physical merch! Holders minted 2,896 Gucci Material NFTs in March. Now, they can exchange these tokens for luxury rewards. The news came earlier this week, and now, we have a look at just what is in store for Gucci NFT holders.\u00a0 \u201cBaggage You Will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screen-Shot-2023-08-01-at-10.36.07-am.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10073"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=10073"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/10074"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=10073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=10073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=10073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}