A recent report from tech research and consulting firm Technavio predicts that the metaverse will have reached a market share value of $50.37 billion by the year 2026. So it should come as no surprise that the trillion-dollar fashion industry of dollars has begun to take a greater interest in the metaverse.

While most luxury labels and brands remain focused on creating non-fungible tokens (NFTs) to replicate physical items, some projects have started to bring their communities into the metaverse.

For example, on September 5, Vogue Singapore launched a fashion-first Web3 community known as “The New World of Vogue Singapore”. While Vogue Singapore previously showed interest in NFTs by tokenizing its September 2021 cover, Natasha Damodaran, CEO of Vogue Singapore…