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Luxury Bank announced that a successful fundraising round has raised over $10 million for the benefit of The Luxury ecosystem. The funds were raised through an investment from Dubai-based ICICB Group, a company that promotes and finances luxury projects in sectors such as banking and real estate.
The Luxury Group was founded in 2014 and provides a luxury lifestyle management service to its clients through its network of six offices around the world. It has diversified over time in several areas, such as banking or retail.
The fundraising enabled by ICICB Group will allow The Luxury to finance various projects, including a crypto-currency point-of-sale system, an NFT marketplace, a job portal and a news magazine. The funds will also be used to complete the long-awaited Luxandia, a metaverse platform similar to Second Life and Decentraland, but dedicated to the luxury industry.
For Catalin Dascalu, CEO of The Luxury, this fundraising is excellent news. “This investment from ICICB Group is proof that The Luxury provides the ecosystem that the luxury industry needs. We are confident that the launch of the Luxandia metaverse platform will generate enormous public interest and have a significant impact on the luxury industry,” she said.
The development of the Luxandia metaverse is focused on bringing real-world luxury into a virtual reality space of abundance that creates luxury shopping and experiences for individuals. Luxandia will feature a 3D luxury shopping mall, NFT auction houses and even a 3D virtual cinema. The Luxury promises many more experiences to come as the metaverse builds. It will be the first experience of its kind in the luxury industry, which will enter the 21st century with full force.
The funding from ICICB Group is an important step in the development of Luxandia, marking the interest of management companies in this emerging sector of the luxury industry. As the metaverse is able to offer key benefits to companies in the sector and their clients, interest in the project is already very high only a few months before its launch.
Read also > LEDGER COMPLETES NEW FUNDING ROUND
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Luxury Bank announced that a successful fundraising round has raised over $10 million for the benefit of The Luxury ecosystem. The funds were raised through an investment from Dubai-based ICICB Group, a company that promotes and finances luxury projects in sectors such as banking and real estate.
The Luxury Group was founded in 2014 and provides a luxury lifestyle management service to its clients through its network of six offices around the world. It has diversified over time in several areas, such as banking or retail.
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Luxury Bank announced that a successful fundraising round has raised over $10 million for the benefit of The Luxury ecosystem. The funds were raised through an investment from Dubai-based ICICB Group, a company that promotes and finances luxury projects in sectors such as banking and real estate.
The Luxury Group was founded in 2014 and provides a luxury lifestyle management service to its clients through its network of six offices around the world. It has diversified over time in several areas, such as banking or retail.
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