Avatars and identity are set to be revolutionized with the emergence of the metaverse. Users will be immersed within augmented virtual reality, allowing them to express themselves in captivating and interactive ways, hosted by platforms such as The Sandbox, Decentraland, and Cryptovoxels. As these platforms have demonstrated that they will integrate NFTs and therefore enable users to flex their NFTs and other wearables.
The metaverse is fast becoming more and more of a reality. As Mark Zuckerberg alluded to in his recent keynote video, Meta (formerly Facebook) will utilize VR to push the boundaries of technology with project Cambria. Here your avatar will make natural eye contact and make facial expressions that reflect your own in real-time, highlighting the development of social presence. This is just a glimpse into how the metaverse will extend the importance of our digital identity. Importantly, no one single vision is going to create the metaverse; a combination of all of our visions and ideas will make the metaverse a reality.
For digital fashion and clothing, the NFT space is a natural evolution. Exclusivity and rarity are factors that contributed to success in the physical world for high-end fashion. Similarly, the NFT space is a fresh new avenue to explore for those fashion brands who understand and appreciate the zeitgeist. As we become more conscious of our digital identity, and once the technology facilitates it, there is no doubt that NFTs will be the springboard to creating a new boom. It will open an opportunity for us to tailor and determine our identity with what we collect and choose to wear.
Of course, it is still very early. The concept of the metaverse is in its infancy and won’t be fully developed for several years. Concerns for privacy, security, and interoperability will have to be addressed too. However, progress is quick in such a fast-moving new space and we see exciting developments every day.