PunchbowlNews: Federal Reserve news to be released today

Morgan Stanley announced last week that luxury is no longer making a lot of money with digital media, but that will change soon, reports Golden Financial. By 2030, Metaverse games and NFTs could generate revenues of 50 billion euros. According to the report, NFTs and social games provide luxury brands with two short-term opportunities to make money from the big IPs they've developed over the years. Dolce & Gabbana sold nine NFTs for $ 5.7 million, highlighting the enormous potential of "luxury and luxury goods". The bank estimates that the NFT market will reach $ 300 billion by 2030. By 2030, luxury goods companies will be able to significantly increase their market capitalization (TAM) income by more than 10% and the market EBIT will increase significantly. 'about 25%. Morgan Stanley notes that luxury brands are already exploring partnerships with gaming platforms and Metaverse, and revenue sharing has increased, which could add $ 10 billion to $ 20 billion to TAM in the luxury business. (Parts office)