Roblox community members can now “shop now” and bring stylish handbags to “wear” their avatars. According to statistics, on average 1 in 5 people who are active daily on Roblox will have 1 person updating their profile picture every day.
While expensive physical bags are often worth thousands of dollars, virtual bags are only available for sale for a few dollars and are paid in Robux, the platform’s currency. Each bag will come with an exclusive emoji.
In October 2019, the company launched its first online game B Bounce. In June of this year, Burberry teamed up with Mythical Games to release the second NFT collection “Blankos Block Party”.
This is Burberry’s first handshake with Roblox, a game platform with more than 50 million daily active users. Nike and Gucci have also established their own stores on Roblox.
The bags were created by the hands of 22-year-old digital fashion designer Samuel Jordan. He has successfully sold more than 25 million works on this platform. Jordan said:
“I first started playing Roblox when I was 12. My older brother Zack asked me to do it just to hang out with him. And I grew up homeschooled so I didn’t have many friends socially. Roblox is really where I found community.”
Last month, Meta announced a partnership with Balenciaga, Prada, and Thom Browne to launch a digital fashion store. Other fashion brands are expected to double their investments in technology between now and 2030, a portion of which will be dedicated to advancing the metaverse.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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