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Virtual Couture: Exploring the Integration of NFTs in Luxury Fashion Brands

In: The Evolution of Luxury Brands, Volume II

Author

Listed:
  • Nikola Drašković

    (Algebra Bernays University)

  • Vanja Šebek

    (Algebra Bernays University)

  • Mario Fraculj

    (Algebra Bernays University)

Abstract

This chapter investigates the transformative potential of non-fungible tokens (NFTs) within the luxury fashion industry, emphasising their ability to blend traditional exclusivity with digital innovation. NFTs offer unique opportunities for luxury brands to improve consumer engagement, authenticity, and value creation by leveraging blockchain technology to ensure digital scarcity. The chapter explores how NFTs align with evolving consumer preferences, particularly among younger, digitally savvy audiences who value personalisation and virtual identity expression. It also addresses key challenges, including sustainability concerns and market volatility, highlighting the strategic considerations for integrating NFTs into luxury brand strategies. By examining broader trends and industry practices, this chapter provides a comprehensive overview of how NFTs are reshaping luxury branding in a digitally driven era.

Suggested Citation

  • Nikola Drašković & Vanja Šebek & Mario Fraculj, 2025. "Virtual Couture: Exploring the Integration of NFTs in Luxury Fashion Brands," Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business, in: Alkis Thrassou & Demetris Vrontis & Leonidas Efthymiou & Yaakov Weber & S. M. Riad Shams & Evangelos (ed.), The Evolution of Luxury Brands, Volume II, chapter 0, pages 195-221, Palgrave Macmillan.
    • Handle: RePEc:pal:pscchp:978-3-031-96680-4_7
    DOI: 10.1007/978-3-031-96680-4_7
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