Decentraland, Metaverse is getting ready to host its first fashion week. For this they collab with UNXD, who recently hosted Docle&Gabana’s first NFT clothing collection
Decentraland Metaverse Is Ready To Launch First Fashion Week:
As The business of virtual clothing is surging, so the Decentraland, Metaverse decided to host its first fashion week. Besides it, fashion is upgrading to key area businesses with a potential of $1 trillion a year – metaverse. And Decentraland will also spread its stake in the market by arranging its first fashion show week.
However, a virtual land of Decentralnd’s fashion district recently sold out for $2.4 million. For this initiative, they also did a collab with UNXD. This fashion week will take place in March 2022. This Metaverse space will continue to host runway shows for four days and with great experiences with UNXD, a luxury marketplace built on the Polygon blockchain network.
On Sunday the Decentraland tweeted :
“Have your collections ready!” calling brands, fashionistas, designers to prepare for the event scheduled for March. 24 to 27, 2022.“
The Metaverse:
The metaverse is an online 3D virtual space, where people interact with others in form of avatars. In this space, people can play games, work, and can do networking with each other.
A place where users can buy, and trade digital assets.
The asset management company of cryptocurrency grayscale previously said that
metaverse has the potential to become a $1 trillion annual revenue opportunity.
Moreover, these virtual characters also need virtual clothes to appear in the virtual world. Which is increasing as a high-demand sector.
Additionally big fashion names like Dolce&Gabban, Gucci, Balenciaga, and Ralph Laureninvade the metaverse. The UNXD arranged Dolce&Gabbana’s first NFT clothing collection and the Collezione Genesi a group of nine non-fungible tokens designed by Domenico Dolce, and Stefano Gabanna that was sold in September for $5.7 million.
Digital clothing from Ralph Lauren and Gucci was also featured on avatars by a separate collab with the avatar app zepeto. It is Asia’s biggest virtual fashion platform with nearly a quarter-billion of users, a report by BBC.
While Decentraland’s skyrocketed fashion district drew attention in a short period. As it gained $2.4 million from a company in cryptocurrency that bought a virtual parcel there.
Lorne sugarman, the CEO of metaverse group told insiders, about his company deal that was signed in November.
“We think the fashion district purchase is like buying on the fifth avenue back in the1800’s or the creation of rode drive.“
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