Company Name: The Luxury Network LTD
Company Website: http://theluxury.io
The companies are working in the luxury industry want nothing but the best. Their customers are ready to pay the high price, but they want to be sure that they get the premium quality object.
The expansion of blockchain to the luxury industry is a good sign for the technology. Luxury brands are not as conservative as financial institutes, but they are still extremely concerned about their reputation.
With innovativeness etched in its DNA and always striving to be first, different, and unique, The Luxury teased its next milestone back in October, announcing The Luxury Blockchain (https://theluxury.io)
‘’The business really shifted for us when people started to take us seriously. That moment came when other people, especially famous figures, started talking about our services and telling everyone how brilliant we were. That is when we started expanding internationally, and we opened a branch in Dubai in 2014.’’ Said Catalin Dascalu – Founder and President of The Luxury
One of the most talked about markets worldwide is that of cryptocurrencies. On November 1st, 2018, the market’s capitalization was estimated to $205,168 billion (Source: Coin360) revealing exponential growth over time. Over the last few years, they watched in amazement as the market for tokenized blockchain based assets has exploded. Literally from nothing a few years ago to more than $6 billion in the first 3 months of 2018, but the reality is the majority of utility and security token offerings are nothing more than a good idea and a whitepaper.
Over the last several months The Luxury Tech division extensively researched the space and discovered a huge opportunity to fractionalize hard to access assets also known as illiquid using blockchain based technology.
Throughout 2019, The Luxury will launch the digital market where it can be used and the portfolio to manage said crypto active. ‘’It’s time for people to be able to access more affordable lifestyle options, flexibility, and less financial risk. The Luxury’s tokenized luxury asset structure solves a problem at the heart of current investment barriers and lifestyle issues,” said Catalin Dascalu,
From a high level, an illiquid asset refers to the state of a security or other asset that cannot easily be sold or exchanged without a substantial loss in value. Some examples of inherently illiquid assets include properties, luxury cars, yachts, fine art, private jets or watches.
About The Luxury Network LTD:
The Luxury is a global concierge company founded in 2014 by Constantin Catalin Dascalu. The company is headquartered in London and operates 6 offices worldwide. The Luxury is a member-only “luxury lifestyle management service” that provides concierge services . The Luxury includes 4 brand services. In 2018, the company was estimated to have about 2500 subscribers, including 12 billionaires.