Gucci Reveals Rewards for Vault Material NFT Holders

Holders of the Gucci Material NFTs can now exchange the tokens for a Gucci bifold wallet or a Gucci x 10KTF co-branded duffle bag. The reveal follows months of speculation about the planned utility behind the 2,896 NFTs minted in March. One Gucci Vault Material NFT can be redeemed for the wallet, while you need three tokens to redeem the duffle. The copywriting team provided a tongue-in-cheek write-up where the duffle is dubbed “baggage you’ll want to carry,” and the wallet described as one that does not require a seed phrase. On Opensea, the Material NFT is going for 0.22ETH the equivalent of around $412. The Gucci Vault Material NFT was a reward for participating in a 10KTF mission in Battle Town.

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