A Great Idea is not Enough, You Need the Right Team! (Part 2) : Blake Lezenski on How AI & Web3 are Revolutionizing Luxury Fashion

TL;DR

• Blake shares the importance of team dynamics in early-stage investment, stressing that a capable, well-aligned team is more important than a great idea at the outset.

• We delve into how the scalability of business models, particularly in the luxury and tech space, is crucial; and luxury brands need to adapt quickly, with a focus on profitability rather than growth at any cost.

• Blake highlights that the future of digital luxury will be about blending traditional luxury with digital innovations, creating immersive, interactive experiences for consumers that go beyond transactions.

• AI and blockchain technologies will play a key role in protecting IP, verifying authenticity, and enabling the co-creation of luxury items with consumers, offering both scalability and personalized luxury experiences.

• Luxury will evolve to allow for more consumer-driven design, where users interact with brands on a deeper, more personal level,such as co-creating fashion with the brand’s heritage and digital assets.

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