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PANews reported on July 30 that Gucci, a brand of Kering Group, launched a redemption function on the partner platform 10KTF.shop this week. 1 Gucci Vault Material NFT can be exchanged for wallets, while 3 NFTs are required to exchange for Gucci x 10KTF joint luggage bags. This follows months of speculation about the planned use behind the 2,896 NFTs minted in March.

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