Metaverse platform Decentraland is preparing for its first fashion week as digital clothing rakes in big business



The UNXD has a promotional video.

The UNXD has a promotional video.

Decentraland will host its first fashion week in order to expand its stake in the market.
Four days of runway shows and experiences will be held on the metaverse platform in March.

Have your collections ready! Designers, brands, and fashionistas were called on by Decentraland to prepare for the event set for March 24-26, 2022.
The metaverse is an online 3D virtual environment where people can play games, work and socialize, as well as buy and tradeCryptocurrencies. Grayscale said last month that the metaverse has the potential to be a $1 trillion annual revenue opportunity.
Virtual clothing is emerging as a hot sector, and all those in the metaverse need it.

The metaverse has been gaining on fashion brands such as Gucci, Gucci, and Ralph Lauren. The Collezione Genesi group of nine non-fungible token designed by Domenico and Stefano Gabbana sold for $5.7 million in September.
The digital clothing from Gucci and Ralph Lauren have been featured on the virtual world through partnerships with the app Zepeto, which has over a quarter of a billion users.

In recent weeks, the Fashion District of Decentraland has grabbed attention after a company paid the equivalent of $2.4 million incryptocurrencies to purchase virtual parcels there.
The CEO of Metaverse Group told Insider that the Fashion District purchase was similar to the creation of Rodeo Drive.
Business Insider has an original article.