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LVMH, the extravagance merchandise combination administering brands like Christian Dior, Marc Jacobs, Tiffany and Co., and Louis Vuitton, is taking a gander at the metaverse and blockchain gaming “cautiously,” said Jean Jacques Guiony, LVMH’s Chief Financial Officer, the organization’s most recent income call.

A few organizations under the LVMH umbrella have previously started crypto, NFTs, and gaming tests.

Louis Vuitton, for instance, has an independent, versatile game where players get an opportunity to procure NFTs, as The Block as of late covered. An organization between crypto-resource organization Ledger and Hubolt has likewise seen “appeal,” the organization uncovered during the income call, which occurred on April 12.

Tiffany’s chief Alexandre Arnault as of late, transformed his CryptoPunk NFT into adornments. As indicated by OpenSea information, the organization likewise bought an NFT in March worth 115 ETH, or roughly $380,000.

Tiffany’s tweeted in March,

Regardless of the excitement from individual brands, LVMH’s CEO Bernard Arnault (father of Tiffany’s chief Alexandre) voiced some worry during the organization’s January income call.

Arnault said at that point that we must be careful about bubbles.

During last week’s income call, Guiony referenced that it’s difficult to remark on how the metaverse affects the organization right now because the entire thing is intriguing, promising yet early.

He said,

“I think I would make a fool of myself if I tell you exactly what we have in mind and that [the metaverse] is very clear and that we know exactly what we will be doing in the future. There are many initiatives that could possibly lead to business developments […] rest assured that whatever happens, we will be a part of it. But for the time being, whatever happens is unknown to us.”

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