Metaverse news and archive

Fashion tech is front row at Jenn Lee's LFW phygital presentation

Acer, in partnership with Portal: M, a Taiwanese digital fashion startup, has announced an innovative collaboration with renowned designer Jenn Lee. The collaboration brings the fashion collection for London Fashion Week into the digital realm, highlighting the transformative potential of the metaverse in the fashion industry. By integrating...

Podcast

Podcast: A reality check on fashion and the metaverse

NFTs and the metaverse - not long ago, the fashion industry was talking a great deal about the potential of the two. By now, the conversations have slightly died down and the question is "How much do NFTs and the metaverse add when it comes to the fashion industry?". This podcast from Business of Fashion zooms in on and analyses the future of...

Business |Interview Featured

20 years on: Second Life, the fashion-forward metaverse that keeps on giving

Years after its inception, the concept of the ‘metaverse’ has seemed to have fallen flat against the backdrop of what was meant to be its magnificent revival. Spurred on by large-scale tech giants that shifted their horizons to the digital realm, the idea of transitioning to such spaces was assumed to be the future of existence. In its simplest...

Business

Meta launches VR subscription service

Fashion brands have been slow to embrace the potential of the Metaverse as a new sales channel, despite its promises. The industry's cautious approach is partly due to the significant investments required in hardware, software, and infrastructure for virtual reality (VR) technology. Concerns about the unproven return on investment have further...

Business

Metaverse Beauty Week prepares for launch: What to expect

As if it hasn’t already been said enough, Web3 is really defining the future of retail, driving new innovations and bringing to light fresh ways for brands to engage with their consumers. One of which was Metaverse Fashion Week, a highly hyped up event that took place solely in digital realms, through which brands presented virtual collections,...

Fashion |OPINION Featured

Can social media be held accountable for poor mental health?

Hundreds of private lawsuits have been filed against social media networks in the US, which depict a toxic social media landscape that is harmful to young people. The lawsuits aim to hold social media platforms accountable for the detrimental effects on young people's mental health. Over 200 suits have been joined together in one class action...

Business

Gucci metaverse head Robert Triefus to step down

Robert Triefus, a veteran of Gucci, is reportedly set to exit the luxury brand 15 years after he initially joined. Triefus’ departure comes just six months after he was appointed chief executive officer of Gucci Vault and Metaverse Ventures, which he took on alongside his position as senior executive vice president, corporate and brand strategy....

Podcast

Podcast: Why fashion house Gucci believes in the metaverse and Web3

Italian fashion house Gucci is continuing to bet on the metaverse and Web3. Last September, the company CMO even switched roles and became CEO of Gucci Vault and Metaverse Ventures. In this episode of the The Business of Fashion Podcast, BOF explains why the fashion house believes strongly in this technology. Source: The Business of Fashion Podcast

Fashion

Hugo Boss joins Metaverse Fashion Week

Metaverse fashion week has added Boss to its roster of brands, which also sees Dolce & Gabbana, Coach, Tommy Hilfiger and Adidas participate in its Fall 2023 edition. The three day event, which ends Friday, 31st March, sees Boss operating a virtual showroom as an extension of its SS23 Miami fashion show. In a statement the company said the...

Fashion

Gucci strengthens metaverse presence with Yuga Labs collab

Gucci is continuing its metaverse activities, having signed a multi-year partnership with NFT giant Yuga Labs, the company behind Bored Ape Yacht Club and CryptoPunks. Spanning fashion and digital entertainment, Kering-owned Gucci is building its presence in the metaverse and Web3 domain. The luxury house is investing to further establish itself...

Business

DressX raises 15 million US dollars in Series A round

Digital fashion retailer DressX has raised 15 million US dollars in a Series A round led by Greenfield Capital with participation from Slow Ventures, Warner Music Group, Red Dao, and other investors. The funds raised will allow the company to “scale its vision of the future of fashion,” explained DressX in a statement, as it looks to improve the...

Fashion

Charles & Keith taps virtual K-pop artist for The Sandbox virtual world

Footwear and accessories brand Charles & Keith is expanding its presence in the metaverse world, with its first virtual world, CharlesKeithHaus, on The Sandbox platform and has tapped virtual K-pop artist Apoki to appear. The virtual world is modelled after the retailer’s spring/summer 2023 campaign ‘State of Play’ and is curated to reflect the...