LVMH Issues Aura Blockchain Based NFT Certificates in Internal Training Program May 8, 2023 May 8, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 8, 2023 by Kelly Cromley

LVMH Issues Aura Blockchain Based NFT Certificates in Internal Training Program

The luxury goods industry is one of the early adopters of Web3’s potential. They have participated in metaverse events and exhibited NFT collections. A higher degree of absorption is probably likely necessary to make the next leap forward. The LVMH luxury group has introduced a Web3 Fast Track training program for its staff.

With individualized advice from LVMH specialists, practical exercises in using these new technologies, and step-by-step suggestions for Web3 projects, this certification program covers the principles of Web3 technologies including blockchain, cryptocurrencies, NFTs, and the Metaverse.

This description is provided by LVMH, an original member of the Aura blockchain consortium. The Aura technology platform was used to create certificates of achievement for the luxury company’s staff. Multi Token Minter is provided by the Aura Blockchain Consortium. Each new Web3 initiator may now get their hands on an NFT token thanks to this.

There is a quirk to the non-fungible token, however. It’s correct that you can’t give someone else the title of SoulBound Token (SBT). This token is given to those who have completed the training and is considered a “proof of knowledge” by Aura.

The consortium may benefit from the usage of non-fungible tokens for human resources. According to Aura, our affiliated companies may create tokens for any purpose by using the Multi Token Minter tool.

Bernard Arnault, LVMH’s director, discussed the company’s NFT strategy at the most recent annual meeting. Therefore, the luxury performer plans to regularly link tokens with actual goods.
“We do not sell virtual sneakers; rather, we sell actual sneakers using NFT,” said Bernard Arnault. Wine is only one of many items that may benefit from this framework.(…) The wine bottle may be obtained from NFT. When you’re ready to sell or consume it again, you’ll transform the physical container into a virtual NFT, and the home will keep it for as long as you like. The speaker said, “This is the strategy.”

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.