The purpose of this study was to explore the influence of brand coolness on the intention to acquire NFTs within the luxuryfashion market. To achieve this purpose, we developed a conceptual model offering a broader perspective regarding consumers'purchase intention of luxury brands' NFTs by including both emotional aspects related to the brand (brand love) and perceptionspredominantly related to the financial nature of the investment (perceived risk). Word-of-mouth (WOM) and willingness to pay(WTP) are also analyzed as outcomes of brand coolness. The model was tested using Partial Least Squares Structural EquationModeling (PLS-SEM) to examine the proposed relationships. The findings show that brand coolness positively impacts brandlove, WOM, and WTP. Although it was not possible to observe a significant relationship between brand coolness and consumers'purchase intention of luxury brands' NFTs, it has significant indirect effects through brand love. Guided by the unexpected find-ings of the quantitative study, this article also includes a follow-up qualitative study, whose main aim was to further explore theinfluence of brand coolness on the intention to acquire NFTs within the luxury fashion market. Participants were individualswith relevant knowledge and experience with NFTs. The qualitative study revealed that brand coolness alone is insufficient todrive NFT purchases, while brand love, tied to trust and symbolic value, plays a stronger role, helping explain the quantitativeresults. Overall, this study contributes to the literature by shedding light on the complex interplay between brand coolness, con-sumer behavior, and NFTs in the luxury fashion context.
Sousa et al. (Sat,) studied this question.