What: Harvey Nichols launched an NFT retail concept space, HN NFT Vault, at its Pacific Place Hong Kong store.

Why is it important: The NFTs are multiplying, and getting their very own space at Harvey Nichols Hong Kong. Harvey Nichols describes HN NFT Vault as a space created for beginners in NFT, NFT collectors "and everyone in between."

Harvey Nichols said it is the first major luxury department store to offer a curated selection of NFTs from “top blue-chip projects, for exploration and sale,” including CryptoPunks, Bored Ape Yacht Club, CloneX x Takashi Murakami, Azuki and Doodles.

The store is promising “a seamless purchasing journey,” where both cryptocurrency and credit-card payments are accepted. The collection has been curated to cater both to first-time buyers and NFT experts, with prices ranging from GBP 500 to more than GBP 100,000.

Each NFT can also be purchased with “a cold wallet, where the NFT that has been purchased can be securely stored. This marks the first luxury fashion retailer in Hong Kong to offer convenient, secure and swift transactions for NFT purchases.

As part of the new concept, Harvey Nichols will also be launching a service allowing NFT owners to showcase and sell their NFTs through the HN NFT Vault.

Harvey Nichols Opens ‘HN NFT Vault’ in Hong Kong