Proceeds from Guerlain's Non-Profit NFTs are Allocated to GoodPlanet
Elena Rahman — November 2, 2021 — Art & Design
References: lvmh & thepeakmagazine.sg
Guerlain, the luxury beauty brand, launched a series of non-profit NFTs. The brand embarks into the world of unique digital tokens as the International Contemporary Art Fair in Paris (FIAC) begins. Guerlain is participating in the event for the 14th consecutive year.
This year's exhibition looks towards the emerging digital matter and its impact on the world of art and questions the materiality in art. Guerlain decided to invite several artists to produce original NFT works on the selected theme. The chosen artists include Liu Bolin, Lauren Moffat, Sabrina Ratté, and Constance Valero. Their creations are on sale until November 15th via the Drouot auction house website. All proceeds from the luxury brand's sales will be donated to the GoodPlanet Foundation.
Image Credit: Guerlain
This year's exhibition looks towards the emerging digital matter and its impact on the world of art and questions the materiality in art. Guerlain decided to invite several artists to produce original NFT works on the selected theme. The chosen artists include Liu Bolin, Lauren Moffat, Sabrina Ratté, and Constance Valero. Their creations are on sale until November 15th via the Drouot auction house website. All proceeds from the luxury brand's sales will be donated to the GoodPlanet Foundation.
Image Credit: Guerlain
Trend Themes
1. Non-profit Nfts - Charitable NFT collections are becoming more prevalent, providing an opportunity for companies to support causes and make a social impact through the sale of original digital works.
2. Intersection of Luxury and Digital Art - The launch of luxury non-profit NFT collections highlights the potential for innovative collaborations between the worlds of high-end brands and contemporary art.
3. Sustainability and Digital Art - The GoodPlanet Foundation's involvement with Guerlain's NFT collection highlights consumers' demand for environmental responsibility in the creation and distribution of digital works.
Industry Implications
1. Art and Collectibles - The art world is increasingly embracing NFTs and blockchain technology, creating new opportunities for artists and art collectors alike.
2. Beauty and Luxury - Luxury brands like Guerlain are exploring the intersection of NFTs and high-end beauty products, tapping into growing interest in both areas.
3. Sustainability and Environmentalism - Organizations like the GoodPlanet Foundation are leading the charge on sustainable initiatives and partnering with companies to promote responsible production and consumption.
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