Wedding to fashion shows: Quirky things happening on crypto metaverse

Highlights

• Leading companies such as Roblox, Microsoft, Facebook, Nvidia, and others, all are investing in various metaverse projects.
• According to leading research firm Emergen Research, Metaverse had enjoyed a market size of US$47.69 billion in 2020.

You've probably heard a lot about the metaverse. In 2021, Metaverse saw significant highs and going by the trends, it seems the year 2022 would see the next level altogether.  In a world that is gripped in the Metaverse’s charm, almost anything and everything is possible especially with the growth of artificial intelligence (AI), Virtual Reality (VR), 3D, and other technologies.

Many experts have already dubbed it as the next DeFi due to the instrumental high that the decentralized finance sector saw in 2021. With leading companies, such as Roblox, Microsoft, Facebook, Nvidia, and others, investing in various metaverse projects, it is anticipated that it could touch close to US$800 billion by 2028. According to leading research firm Emergen Research, Metaverse had enjoyed a market size of US$47.69 billion in 2020. Emergen Research expects this figure to reach US$828.95 billion by 2028.

The growing popularity of immersive gaming experiences, development of NFTs, 3D avatars create multiple opportunities for investors to invest in. Today, the metaverse is not just limited to avatars or immersive gaming experiences, it is venturing into many unknown territories and areas.

Let’s look at some of the quirky projects on metaverse that can be dubbed as trendsetters.

Wedding to fashion shows: Quirky things happening on crypto metaverse

Wedding on Metaverse

If you ever thought that marriages receptions or marriages can’t happen in a virtual world, think again! A couple from Tamil Nadu, India, will perhaps be the first couple in the world to host a wedding reception on metaverse. The couple from Sivalingapuram is expected to host a Hogwarts-themed reception in February.

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With the help of Polygon Technology Blockchain, the project associate at IIT Madras Dinesh S P has conceptualized the metaverse marriage reception as a gift to his partner.

His wife had lost her father in April last year and he intends to surprise her with the digital avatar of her father who is expected to be present at the ceremony.

Also read: Sports stars & crypto scams: 3 instances of alleged blockchain fraud

Dating on Metaverse

Though you would have heard about online dating, have you ever wondered what your date will look like on metaverse. Online dating had reasonable success in pandemic keeping the audience engaged and hooked on various dating apps.

But now, Tinder is looking to explore how dating can be incorporated on metaverse. Tinder CEO Renate Nyberg in December 2021 expressed his idea of how to blur the boundaries between the offline and online modes of dating. According to news reports, Nyberg has been working on Tinderverse, which will be about dating on a metaverse.

Political meetings on metaverse

Turkey seems to be taking metaverse into politics and administrative work. Recently, the ruling party, the Grand National Assembly of Turkey (TBMM), held its first metaverse meeting with its leaders on crypto regulations, where all top politicians were present.

Also read: Coinbase, Mastercard join hands for NFT marketplace purchase

Fashion shows on Metaverse

Ever wondered if a fashion week in Paris or Milan can be held on metaverse? Though it may be improbable to host a physical event due to Covid-19, it is certainly not impossible to host one on metaverse.

Fashion shows are all set to make a debut on metaverse in March 2022 on the Decentraland platform. The metaverse platform is scheduled to see multiple days of catwalks, fashion shows, and discussions in collaboration with Polygon blockchain-hosted luxury marketplace UNXD.

The virtual fashion venture is expected to take place between 24 March and 27 March wherein the consumers will be able to see virtual garments, and interact with other viewers, designers, and media.