Luxury marketplace UNXD, which is based on the Polygon network, and Decentraland, a virtual reality stage based on the Ethereum blockchain, plan to offer a metaverse fashion week with catwalk shows, pop-up shops, and all-nighters in March.
The fashion program, Decentraland’s first, will occur March 24-27. The show will permit clients to see fashion in a virtual environment and buy outfits for their online avatars. In a Sunday tweet, Decentraland called for designers, brands and fashionistas to have their virtual collections prepared to introduce in the metaverse.
The metaverse may address a market chance of more than $1 trillion in yearly revenue, crypto investment monster Grayscale said in a report recently. In one more sign of increased interest, Facebook as of late changed its corporate name to Meta and reported its metaverse will support non-fungible tokens (NFTs).
Interest in the metaverse, an environment produced by the convergence of virtual universes, augmented reality and internet providers, has detonated lately. By offering a collective virtual encounter, it has acquainted new opportunities with creators, gamers and artists.
UNXD Worked with Gabbana & Italian Haute Couture Label Dolce
In September, UNXD worked with Italian haute couture label Dolce and Gabbana to send off its NFT collection, Collezione Genesi, which got approximately $5.65 million in a sale. With the show, Decentraland is stepping a way previously opened by South Korean metaverse online media app Zepeto, as per a BBC report.
The tokens of Cardano (ADA) and Polkadot (DOT), two adversaries to the Ethereum blockchain, drove gains among significant cryptographic forms of money in the midst of a muffled recovery in more extensive digital-asset markets on Monday. Bitcoin (BTC) and ether (ETH), the native digital currency of Ethereum, recovered value levels from Friday in the wake of seeing a slight plunge over a generally calm Christmas weekend.
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