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Home  /  World  /  A virtual Gucci bag (not an NFT), sold in a game for more than its physical value

A virtual Gucci bag (not an NFT), sold in a game for more than its physical value

by Jhanvi Mehtalia
June 3, 2021
in Money, World
Reading Time: 2 mins read
virtual Gucci bag

The digital world and fashion do go hand-in-hand but this right here is something unbelievable. A virtual Gucci bag sold for more than $ 4,000 and it isn’t a non-fungible token (NFT). The original price of the item is way less than it was on the platform. The Gucci Dionysus bag was sold for $ 4,115 on the Roblox gaming platform. Purchasers used the Roblox virtual cash, which is not cryptographic money and must only be utilized on that platform.

Interestingly, it’s not a non-fungible token (NFT). It means that it has no worth, use, it isn’t compatible. It can’t be available outside of Roblox. Moreover, the thing was more costly than an original Gucci Dionysus actual bag. The original bag costs going from 1,980 euros ($ 2,418) to 2,200 euros ($ 2,686), as indicated by the Gucci Spain virtual store.

Roblox and Gucci bag

Roblox is generally famous among youngsters. It has a commercial center where its clients can purchase and sell a wide range of accessories to dress their avatars utilizing the stage’s digital money. It is a gaming stage and it also permits developers to make video games from nonexistent virtual universes.

The virtual Gucci bag was only a feature of Gucci’s fourteen-day occasion with Roblox. Also, it was accessible only for a one-hour window on May 17 and May 18.

A Gucci bag in Roblox resold for 350,000 Robux or roughly $4,115. The same purse IRL costs $3,400.

Remember: this Roblox purse is not an NFT and thus has no value/use/transferability outside the Roblox world-yet it's worth more than the physical one.

Watch this space. pic.twitter.com/m4WjfC1Eq1

— Alexis Ohanian 🇦🇲 (@alexisohanian) May 24, 2021

As of late, exploiting the blast in deals of virtual articles, the Roblox gaming stage dispatched the Gucci Garden Experience, where the makers could purchase brand things to dress their characters. Regardless of its unique cost of 475 Robux (generally $5.50), the limited-edition nature of the bag implied that it wasn’t long until hawkers started selling the thing at exploitative rates. The bag is just accessible for use on Roblox, which means it can not be of use or sold somewhere else.

Tags: GucciRobloxVirtual gucci bag
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