• Brands Empowering Social Connection with Metaverse
• Luxury Brands marketing customers with enticing immersive experience
• Online shopping partying and more rocking the space
• Brands make it to headlines everyday about their metaverse stakes

Luxury Brands are making use of the Metaverse to make more money.   Metaverse is a digital avatar-based universe. It is a virtual reality world, where users can interact, play games and experience things or activities as they would in the real time world – right from the comfort of their home or from wherever they are – all they need is access to the internet.

Metaverse world is a positive development, where 3D virtual worlds focus on making a social connection. The use of Virtual and Augmented Reality hand sets helps the user connect to the Metaverse

The world of Metaverse feels real, due to features like the feelings of real-time presence, digital avatars, virtual reality, and accessibility across multiple devices are fueling it.

Several major brands are already making money in the metaverse.  Big brands enjoy major benefits in the metaverse space like eliminating overstock, making big margins, companies are able to revive and bring old designs back, and provide for continued resale revenue.

Several brands are already staking a claim in the Metaverse space.  To name a few:  The Gucci Garden, Tommy Hilfiger’s, Burberry, Balenciaga, Dolce & Gabbana

Luxury brands use methods like play to earn games, online shopping, virtual clothing, online partying, concert participation through the metaverse, real estate dealers of prime properties, land renting in metaverse, e-commerce business on metaverse, delivery in real-time world, metaverse architects and designers, open Art Gallery to promote their business.

Brands from all sectors are trying to prosper in the Metaverse space.  The major reasons for the growth of luxury brands are:  Social commerce meets luxury retail; Storytelling establishes brand purpose propelling adoption; NFTs and the metaverse take the brand beyond.

Some top headlines about brands in the metaverse space speaks volumes:

• JP Morgan is first Wall Street bank to open account in metaverse; launches virtual lounge in Decentraland
• A mall in the metaverse – it’s already happening
• Havas Group unveils plan to open its first virtual village in metaverse
• McDonald Preparing for virtual store in the metaverse
• Disney Pushes ahead with metaverse ambitions – appoints executive to oversee strategy

Metaverse is all set to transform the way businesses take place in the coming days and the way in which people will interact with each other.  Experts opine that Metaverse is the next big thing in the cryptocurrency world. They are bullish about metaverse.  They are further suggesting investors to buy the strongest name in the segment on every dip.