Gucci Partners With Yuga Labs To Explore New Possibilities In the Metaverse Previously the brand has partnered with 10KTF for an NFT collection called 'Gucci Grail'

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Gucci

On Monday, the luxury fashion house Gucci took to Twitter to announce its new partnership with the Bored Ape Yacht Club (BAYC) NFTs creator Yuga Labs to explore new ways of exploring the Metaverse. Previously the brand has partnered with 10KTF for an NFT collection called 'Gucci Grail' and is also the first luxury brand to acquire land in The Sandbox to develop its vault- Gucci Vault Land.

"Continuing to explore the Metaverse, the House comes together with @yugalabs_. Stay tuned as a new narrative takes shape, blurring the boundaries between the physical and digital," the Italian high-end luxury brand tweeted.

The collaboration might see Gucci develop new digital fashion items which avatars can wear in the Metaverse, allowing users to showcase their style and creativity in the virtual world. Whereas for Yuga Labs, this could lead them to explore new ways of integrating luxury goods and experience into their NFT collections, leading to a more immersive experience for its users.

The clue dropped is a potion bottle in the announcement, similar to that seen in the Otherside announcement by BAYC developers. The bottle features Gucci, Koda, and Yuga Labs logos. Kodas are a 10,000 rare creatures NFT collection launched by Yuga Labs, having unique traits and high value in the virtual world.

The tweet also hinted at a new narrative taking "shape, blurring the boundaries between the physical and digital."

Paromita Gupta

Entrepreneur Staff

Freelancer

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Leadership

7 Steps to De-Risking Big Business Decisions Before They Backfire

When the stakes are high, these seven steps can help you avoid costly mistakes, eliminate bias and make smarter decisions that actually scale.

News and Trends

Girish Mathrubootham to Exit Freshworks, Shift Focus to Together Fund

The company stated that his exit is not connected to any operational or governance differences.

News and Trends

Good Glamm's Darpan Sanghvi Launches AI-native Startup Accelerator CoFounder Circle

CoFounder Circle is an AI-native acceleration platform dedicated to supporting startups and small businesses by providing access to essential networks, tools, and capital for sustainable growth.