The event will have Dolce & Gabbana and Tommy Hilfiger return with new virtual activations while Coach and Adidas are set to debut their digital wearables on the popular metaverse platform.
Metaverse tokens are the best-performing sector in crypto so far this year, as the CoinDesk Culture and Entertainment (CNE) index is up 37% since the start of the year.
FTX auditor Prager Metis reported the company earned $1 billion in revenue in 2021. An investigation by CoinDesk reveals Prager Metis also operates in Decentraland, where it sponsors the “Decentraland Babydolls.”