UAE metaverse sector gets flashy with entry of fashion startups like The Rebels

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The UAE’s metaverse sector is getting a flashy, red carpet makeover, with digital fashion startups like The Rebels making inroads into the virtual fashion street, exploring new age luxury wearable collections.

Investors appear to be cheering on fashion ventures foraying into the metaverse sector, with Silicon Valley-based venture capital a16z – or Andreessen Horowitz – preparing a billion-dollar fund to support blockchain ventures, and Nike acquiring virtual collectibles venture RTFKT. The hype surrounding virtual fashion brands in the UAE is growing, despite predictions that metaverse fashion will be a $55 billion industry globally by 2030. She claims that creating your first fashion collection costs a lot of money, which many young designers do not have.

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UAE metaverse sector gets flashy with entry of fashion startups like The Rebels

The UAE’s metaverse sector is getting a flashy, red carpet makeover, with digital fashion startups like The Rebels making inroads into the virtual fashion street, exploring new age luxury wearable collections.

Investors appear to be cheering on fashion ventures foraying into the metaverse sector, with Silicon Valley-based venture capital a16z – or Andreessen Horowitz – preparing a billion-dollar fund to support blockchain ventures, and Nike acquiring virtual collectibles venture RTFKT. The hype surrounding virtual fashion brands in the UAE is growing, despite predictions that metaverse fashion will be a $55 billion industry globally by 2030. She claims that creating your first fashion collection costs a lot of money, which many young designers do not have.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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