SCOTTSDALE, AZ / ACCESSWIRE / August 24, 2022 / Today FBC Holding, Inc. (OTC PINK:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc. is pleased to announce that the company is planning a feature to explore technologies to enhance its mission in the metaverse space to take over the digital fashion market.
Formrunner Apparel Inc. has been working on a significant plan to launch its Apparel & accessories via a virtual clothing shop in the metaverse on multiple platforms such as The Sandbox & Decentraland by acquiring digital real estate and opening a shop that will allow users to dress their avatars in Formrunner Apparel's latest Fashion! President & CEO Lisa Nelson states "People really don't understand how massive the metaverse is going to become, and our company is deciding to hop onto this explosive opportunity before its too late!" Lisa Nelson also stated, "People from our team attended the Metaverse Fashion Event in March on Decentraland, and there are already big brands involved such as Tommy Hilfiger, Nike, Ralph Lauren that have digital property and stores setup for users to come in and buy products for their avatar!" Formrunner Apparel is always seeking growth & revenue opportunities and will keep the public informed on this topic moving forward!
Millions of gamers worldwide buy accessories, clothing, and skins (graphics that change the look of an item in a video game) for their digital avatars. In fact, Ralph Lauren attributed some of its strong third quarter earnings to these virtual investments and the younger generation of shoppers it has attracted. The overall gaming market was valued at $173 billion in 2021. Other companies like Nike, Adidas, and Vans World are now betting there's room for even more growth, and that gaming becomes just one component of a more far-reaching metaverse. And as the virtual world expands, more people are diving into computer-simulated online communities that replicate the real world. The fashion industry thinks it may have found its next pot of gold there. Already, customers can dress up their avatars for virtual worlds like Horizon Worlds and Decentraland. But virtual fashion is not limited to avatars. You can wear virtual garments on Snapchat or Zoom meetings or pose with them for photos for social media feeds. You can show up to a work meeting with a black-tie dress when in real life it is just a t-shirt; or post a picture on Instagram of a luxury jacket that was never touched in real life. Virtual fashion is being sold in a variety of ways: from gaming platforms and digital photos to videos that use augmented reality. The metaverse in the Fashion Market is poised to grow by $6.61 billion during 2022-2026, accelerating at a CAGR of 36.47% during the forecast period.
Streetwear is one of the most striking retail and fashion trends to have appeared in recent years, involving the production, promotion, sale, and resale of casual fashion - footwear, T-shirts, and other items - in ways that bypass traditional retail channels. Customers are often rallied via social media to be the first to buy products that are only available directly from the brand, either in-store or online. The anticipation of a time-limited chance to buy, helps create a tight-knit and almost cult-like relationship between streetwear brands and their consumers. This has helped propel streetwear from being an eye-catching fashion phenomenon that drew its inspiration from the countercultures of the 1980s and 1990s - including graffiti, hip-hop, skate and surf - into a multi-billion-dollar retail market.
Formrunner Apparel Inc. has built its reputation by delivering on both Clothing quality and price to become one of the most respected and trusted names in the Retail Clothing Space. Our customers admire our variety of high-end clothing, top notch customer service, competitive pricing, and easy payment alternatives. Since Hyperviolent first opened, Formrunner Apparel Inc. has managed to set up valuable long-term relationships with customers and distributors and the company cannot wait to see what the future holds!
https://www.accesswire.com/713276/fbc-holding-inc-fbcd-taking-a-step-toward-metaverse-technology