reporters noted sales of digital clothing are practically all profit - there is very little overhead cost, there is no possibility of overstocking, and they can reuse old designs that are rebranded as
digital.
While digital fashion does not create waste and pollution the same way real-world clothing does, it doesn't solve any of those problems either - people still need to get dressed for daily life.
“Digital goods will be an important way to express yourself in the metaverse and a big driver of the creative economy,” Zuckerberg said.
Luxury brands have tested the waters in other digital worlds like Fortnite and Roblox - it's a low-risk investment for companies with the market cap to go for it.
After all, it's not like they would be saddled with extra inventory or a new storefront if it doesn't work out - brands are a control-alt-delete away from washing their hands of the metaverse.
Zuckerberg and Meta, on the other hand, are all in on the metaverse - the company has put $10billion into metaverse development.
“You’re going to have a wardrobe of virtual clothes for different occasions designed by different creators and from different apps and experiences,” Zuckerberg said.
Zuckerberg didn't comment on concerns experts have raised about the metaverse.
The virtual world is said to pose many dangers.
The billionaire also hasn't revealed who he thinks will be buying his virtual clothes.
Like real-world designer clothes, few have the additional funds to spend loads on a shirt.
Zuckerberg is personally doing much of the heavy lifting to make the metaverse feel real and important.
And yet, there are few straight answers as to why buying expensive digital clothing is a good investment right now.