At Avatar Fashion Store, Meta to Sell Virtual Clothes for Real Money | Investing News

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(Reuters) – Facebook owner Meta Platforms is launching a digital garments store exactly where consumers can acquire designer outfits for their avatars, Chief Executive Mark Zuckerberg claimed on Friday.

Virtual outfits built by fashion brands Balenciaga, Prada and Thom Browne will be available for order to start off, stated Zuckerberg, speaking in a are living video stream with Instagram’s head of vogue.

A Meta spokesperson stated they would be priced between $2.99 and $8.99, significantly significantly less than the serious outfits by all those designers. Prada’s Matinee ostrich leather-based bag, for instance, sells for $10,700.

Zuckerberg mentioned he hoped to build the keep out into an open marketplace wherever developers can make and sell a broad array of electronic apparel.

Avatars have emerged as one particular way for Meta to hyperlink consumer id throughout Fb, Instagram and its other expert services, as it ever more ties the platforms collectively and steers toward constructing an immersive “metaverse” of shared, interconnected digital worlds where by users can assemble.

End users of the firm’s virtual fact headsets set up avatars to enjoy video clip online games, choose training classes and take part in convention calls, though initially the digital outfits will be obtainable only on Facebook, Instagram and Messenger, Meta explained in a statement.

The organization redesigned its virtual fact avatars last calendar year to be additional expressive and 3-dimensional, then created them accessible on Fb, Instagram and Messenger starting up in January.

(Reporting by Katie Paul and Ahmed Farhatha editing by Jonathan Oatis and David Gregorio)

Copyright 2022 Thomson Reuters.

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