Metaverse fashion market to grow 6.61 billion dollars, led by brands entering digital platforms

A new report by Technavio has suggested that the global metaverse in fashion market size is expected to grow by 6.61 billion dollars from 2021 to 2026, accelerating at a compound annual growth rate (CAGR) of 36.47 percent.

Swati Bhat

The market research firm said that the rise comes as growing numbers of fashion brands enter metaverse platforms, alongside a rising popularity in non-fungible tokens (NFTs) and an increase in augmented reality (AR) and virtual reality (VR) initiatives.

Technavio added that its growth will be further bolstered by the demand for highly personalised digital experiences, with the metaverse building on this concept by enabling users to explore and communicate within platforms.

Further related incentives, such as the creation of customised goods, are additionally enhancing the presence of the market.

However, the report noted that, currently, the market is fragmented, with several players occupying much of the market share, such as Adidas and Alibaba.

It also highlighted that concerns surrounding privacy and security within the sector, as well as legal challenges and limited market penetration in adult consumers, could hinder its initial growth.

In terms of geographical markets, the report stated that North America will account for 38 percent of the sector’s growth during the forecast period, with the US being a key player in the region.

Technovia said this growth is attributable to the presence of key vendors and investors and the adoption of applications, among other elements.

#thecommunique #tcn #tc #metaverse #digitalfashion #forever21

Will Rocketize Token be the next meme coin to rise above significant cryptocurrencies?

New Delhi [India], November 6 (ATK): The cryptocurrency market is not everyone's cup of tea due to the ever-changing market trends. As of Nov 2022, crypto is in a bear market which doesn't seem to end soon enough. This article explains three crypto projects suitable for any trader. We will discuss Toncoin (TON) and Chain (XCN) first as they are two of the many significant crypto tokens in this financial market. Then we'll move on to the new Rocketize Token (JATO) with unique features, ready to take off.

Toncoin (TON) - Resolving Scalability Problems Faced By Different Ecosystems Scalability is one of the central issues faced by businesses and blockchains alike. As more people enter the crypto market, the number of transactions increases, so a network expansion is necessary. Toncoin (TON) recognized this problem and came up with a scalable solution. TON is the utility token of this ecosystem and is abbreviated as The Open Network. It allows for lightning-fast transactions at a very minimal cost. Toncoin (TON) also boosts decentralized storage, instant payments, and much more. TON also links the blockchain networks into one, allowing for easy and low-cost exchange. TON currently ranks in the top 40 tokens but is dependent on market cap, which is over USD 1.5bn. Its ATH was achieved last year at USD 5.84 and is trading around USD 1.5 at the time of writing. Chain (XCN) - Providing ASolid Blockchain Infrastructure To Businesses Chain (XCN) is an enterprise-grade blockchain project which identifies critical issues in the crypto-verse and decides to address them. The digital currency financial market lacked a financial system and a solid infrastructure. XCN uses a decentralized cloud network to provide access to the blockchain network on demand and NFT as a service. It wants large-scale businesses to adopt blockchain via different tools. Chain (XCN) also provides a clear guideline for new users by eliminating technical boundaries. Cloud computing has always been centralized, causing issues as those companies have the upper hand in changing the prices and features. But now, XCN is proving to be a viable and cost-effective alternative. There are a plethora of features offered by XCN that you can read on the web. Rocketize Token (JATO) - One Small Step For Man, One Giant Leap For The Community Rocketize Token (JATO) is a decentralized platform dependent on its community. As its whitepaper states, there are no teams allocated to the project as thousands of developers are volunteering to make this project a huge success. There isn't a developer wallet, as everything belongs to its Atomic Nation (Community). JATO has a supply of 1 trillion tokens, with 30 per cent being sold in the presale. Rocketize Token (JATO) will be introducing smart contracts, dApps for mobile, and business development in the DeFi ecosystem. There will also be an NFT minting event with many more planned by its team. JATO, not just metaphorically, will practically travel the space to introduce blockchain technologies in the earth's surroundings and discover new territories. More about it on the whitepapers.

Want To Pre-Purchase JATO Coins?

JATO is quickly climbing the presale stairs as it has already accumulated over USD 70k in a short period. At the moment, with 1 USDT, you can get 118,399.24 JATO tokens. You should have Metamask or Wallet Connect to buy these tokens and ensure that there are funds inside it.

Now connect your wallet with the presale page and exchange the number of tokens you want to buy. Toncoin (TON) and Chain (XCN) are already in the top 50 as they are providing viable solutions for ever growing problems on the blockchain. Rocketize Token (JATO) aims to become the largest meme coin with its use cases and future programs. Do you want rewards for buying JATO? Surprisingly, JATO offers a 4 per cent to 8 per cent bonus during the various stages of the presale. You can also get an additional 20 per cent to 45 per cent reward by buying USD 1000 to USD 2500 worth of JATO coins.

As well as 60 per cent more tokens if you purchase within 30 minutes after the wallet connects.

This story has been provided by ATK. TC will not be responsible in any way for the content in this article. (ATK)

#THECOMMUNIQUE #TC #TCN #Metatainment

Introducing New Tools for Creators to Build Businesses on Facebook and Instagram

"At Meta, we’re building products to help creators reach an audience, grow their communities and earn a living. During Creator Week 2022, we’re inviting creators around the world to join us in growing their careers, connecting with peers and building a future together. We’re also announcing new ways creators can earn money on Facebook and Instagram."

Pritish Bagdi

Updates to Digital Collectibles

Creators will soon be able to make their own digital collectibles on Instagram and sell them to fans, both on and off Instagram. They’ll have an end-to-end toolkit — from creation (starting on the Polygon blockchain) and showcasing, to selling. People can easily support their favorite creators by buying their digital collectibles directly within Instagram. We’re testing these new features with a small group of creators in the US first, and hope to expand to more countries soon.

We’re also expanding the types of digital collectibles that you can showcase on Instagram to include video and adding support for the Solana blockchain and Phantom wallet, in addition to the blockchains and wallets that we already support. Lastly, information for select collections where the metadata has been enriched by OpenSea, such as collection name and descriptions, will now be available on Instagram.

Audience Support for Creators

We’re making it easier for people to show appreciation for their favorite creators across our apps, which helps creators strengthen their community and build their business.

Subscriptions on Instagram

We’re expanding access to subscriptions on Instagram to all eligible creators in the U.S., so more creators can earn predictable income and connect more deeply with their most engaged followers. Since launching subscriptions earlier this year, we’ve seen creators like Cole Sprouse (@colesprouse), Alan Chow (@alanchikinchow) and Skai Jackson (@skaijackson) use subscriptions to get even closer to their most engaged supporters.

Stars and Gifts

We are making it easier for people to discover Stars on Facebook by automatically enabling Stars on public creator content — including Reels. This means that people can learn about and use Stars in more places across Facebook. We are testing with a select number of creators globally.

For creators already using Stars, we’re launching new features to make it easier to earn Stars and interact with Star senders:

• Bringing Stars Party to Reels. A Stars Party is a Stars community challenge that ends in a celebration if the creator reaches their goal.

• Testing a new set of virtual gifts tailored to specific content. For example, if you’re watching a puppy reel from your favorite pet creator, you’ll be able to send that creator a dog-themed gift.

• Giving creators more tools to engage with Stars senders, like adding a filter in Comments Manager that displays all of a creator’s Stars comments in one place. In this surface, creators will be able to reply to multiple comments at once.

• Bringing Stars to non-video public content like photos and text posts.

We’re introducing gifts on Instagram, starting with Reels, so creators have a new way to earn money from fans who love their Reels. To support their favorite creators, fans can send gifts on Reels by purchasing Stars within Instagram. We’re testing this with a small group of creators in the US first, and hope to expand to more creators soon.

Professional Mode for Facebook Profiles

We’re launching professional mode for Facebook profiles, a new profile setting that allows creators around the world to build a public presence while maintaining their personal Facebook experience. Professional mode offers creators, and anyone that wants to become a creator, a set of tools and opportunities to begin growing a global community from their personal profile. With professional mode, creators can become eligible to earn money through Stars, ads on Facebook Reels, in-stream ads and Reels Play. They will also have access to content and audience analytics, educational resources and more.

#thecommunique #tc #tcn #metatainment #lifestyle #meta #facebook #instagram