Amongst other advantages of metaverse shopping malls, the fact that it allows as many stores as possible is a big turn on.
This virtual space will allow the developer build as many stores as his imagination recommends.
After envisioning these potentials, a Mexican entrepreneur created the Island Shopping Mall: Mexico’s first metaverse mall.
The mall was inaugurated yesterday and is accessible through mobile devices via an app available in the AppStore or Google Playstore.
According to Cultura Empresarial, users of both IOS and Android can now download the shopping mall application to enjoy an immersive experience through “an island paradise to have a good time online.”
In the virtual environment, Users will be able to make online purchases, earn gems and coins that can be exchanged for discount coupons or products in several shopping centers distributed throughout the island.
Big brands already confirmed
Already, about 80 brands have been officially confirmed. These brands will be divided into categories, with a special hall for the “emerging brands.”
Among the leading brands confirmed for the mall launch are Bath & Body Works, LA Colors, GOC, Bissú, Golden, LA Girl, Momiji, Pai Pai, and Victoria’s Secret. Some will have individual or shared spaces, cryptopotato revealed.
In terms of partnership, the developers of this virtual space said they had partnered with“The Savings Group Limited,” a leading British company specializing in discount coupons, to integrate more than 879 brands such as Adidas, Nike, Puma, Bershka, Guess, Apple, Levi’s among many others.
While some of these brands have already dipped their toes in the metaverse, the Island metaverse seems to be promising.
Brands like Nike has grown a productive business strategy focused on NFTs and the metaverse, Guess has launched a metaverse store, and Apple is developing its own hardware to create an optimal metaverse experience —although its VP doesn’t like that term very much.
For the record, Mexicans have been betting heavily on the metaverse.
Last month, the “Metaverse Mexico Bootcamp” took on.
In the course of the event, a group of experts provided training on different business models in the metaverse, promoting the adoption of cryptocurrencies.
In addition, they offered lectures and AR and VR exhibitions.
According to Hellosafe, the metaverse market in Mexico is one of the biggest in Latin America, with more than 13,000 investors who have risked their money into metaverse companies.
While most cryptocurrencies associated with crypto gaming projects, such as AXS from Axie Infinity or SAND from The Sandbox, have seen a significant drop in market capitalization, Hellosafe projects has seen a 670% growth of the metaverse market for the next 8 years.
In summary, this growth would imply an increase of more than $4,355 billion, considering that according to the report this year, the global market value of the metaverse should be close to $650 billion.