Virtual Gucci 👗

Table of Contents

Virtual Gucci

The Metaverse has been a trending topic in the news lately. It’s a term for a virtual universe coined by Meta, the company formerly known as Facebook. Meta isn’t the only company stepping into the metaverse though — Microsoft, Nike, Nvidia, and Roblox to name a few. As VR and blockchain technologies evolve, more companies will enter the metaverse. Just today, SoftBank and the investors behind the K-pop sensation BTS have backed a $1 billion metaverse platform that provides high fashion products like Gucci for digital avatars.

The platform is called Zepeto, and it allows users to construct their own worlds in which they can explore new environments, socialize, and play games. Users can also purchase virtual items or create and sell their own to earn money. If this sounds familiar, you’re probably thinking of NFTs.

You’ll need to look good in your virtual world, so Gucci has developed a virtual environment where users can dress their avatars. Digital fashion helps users express themselves and is a great way to bring in revenue. Softbank thinks so too, and they’ve invested $150 million in Zepeto, betting on the platform to become the world’s largest virtual fashion marketplace.

The Metaverse is becoming more mainstream by the day and investors are dumping millions of dollars into the industry. Softbank also invested about $100 million in Sandbox in early November, a metaverse platform where one user purchased a $650,000 digital yacht and virtual land sales are skyrocketing.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.