Current NFT owners are encouraged and encouraged to sell their NFTs. However, only blue-chip projects will be accepted.
Harvey Nichols, a British luxury department store, launched yesterday an NFT area called “HN Vault” at its branch in Hong Kong’s Pacific Place mall.
Harvey Nichols is synonymous for Londoners. It’s a two-hundred year-old location in Knightsbridge. This international retail center is located in London’s West End.
Harvey Nichols is not a match for NFTs, but the brand could have been the first luxury department store in the world to display and sell NFTs as of yesterday.
The HN NFT Vault houses a variety ” top-blue-chip projects for exploration and sale,” such as CryptoPunks and Bored Ape Yacht Club.
Most of the NFTs can be purchased with credit or crypto. The store promises “a seamless buying experience.” Prices range between 5,000 Hong Kong Dollars (currently $637), at the lower end, to a million HK ($127,000 at the top).
NFTs can also purchased with a cold wallet (a type crypto wallet that doesn’t connect to the internet), which allows the NFT to be securely stored.
Harvey Nichols: A NFT strategy?
Harvey Nichols’s new retail concept space won’t be a temporary one-off; it appears that it will stay.
The store released a press release stating that it aims to make NFTs more available to a wider audience through the new space. It will feature a variety of NFTs from the most successful projects worldwide, which can be viewed and purchased in-store.
Harvey Nichols encourages NFT owners to sell and exhibit their NFTs through his HN NFT Vault. He says that only “selected, reputable projects”, will be chosen after being vetted by the store.
The luxury store announced a competition to UK and Hong Kong customers for a chance to win an avatar of RTFKT Studios’ Clone X Project.