More developments are coming from $COIN.NE’s virtual real estate portfolio as they partner with Emperia to create virtual storefronts for fashion brands looking to enter the Web3 space. This will allow them to create truly unique user experiences while extending the lease capabilities of $COIN.NE’s assets. They already have had successful partnerships with companies like Skechers and Forever 21, so it's only a matter of time until we see more companies join. Now, why would retailers want to do this?
- Data from the last Metaverse Fashion Week showed that users spent an average of 27 minutes within the virtual storefronts.
- Creating more unique experiences through Emperia will allow companies to showcase their brands and increase user retention.
- This also combines both companies’ clientele helping provide a new service revenue stream for $COIN.NE.
Full article here: https://ca.finance.yahoo.com/news/tokens-com-partners-virtual-reality-113000985.html
With $COIN.NE hosting the upcoming Miami Fashion Week in the metaverse; it's the perfect time to launch this new real estate capability as participating brands may be looking to have more permanent storefronts in the area. The L’Atelier building that they've added will also allow people to whitelist for an NFT spot which will have key features in both the real and virtual worlds.
Overall, $COIN.NE continues to impress with their ability to scale and offer new services and ideas in the metaverse. Considering the $45M market cap and how they've been able to grow the business, it's safe to say it’s undervalued at these levels. I'll definitely be looking forward to seeing the success of the Miami Fashion Week.