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The modern luxury industry has always been synonymous with exclusivity, craftsmanship, and opulence. However, with the advent of Web3 and decentralized technologies, an interesting shift is occurring. The concept of decentralization is gradually permeating the luxury sector, bringing forth a new era characterized by transparency, accountability, and enhanced customer experiences. In this article, we will delve into the role of decentralization in shaping and revolutionizing the modern luxury industry.