2. MILAN, Nov 16 (Reuters) - Digital demand for fashion and luxury brands is expected to grow from current low levels and result in extra sales … This is Morgan Stanley's preferred luxury stock within the metaverse The information on this Web site is not aimed at people in countries in which the publication and access to this data is not permitted as a result of their nationality, place of residence or other legal reasons (e.g. Reading report: "Morgan Stanley, Luxury in the Metaverse" But the most lucrative luxury metaverse play is creating NFTs. They could generate sales of 11 billion euros by 2030, Morgan Stanley says, though this could reach as high as about 22 billion euros. However, Stanley believes that “this is about to change”, adding: “The metaverse will likely take many years to develop; however, NFTs and social gaming present two nearer-term opportunities for luxury brands”. Metaverse Gaming, NFTs Could Account for 10% of Luxury Market … Demand for NFT collectibles will lead to strong demand for luxury goods in the medium term, analysts led by Edward Stanley said in the report. Morgan Stanley : the metaverse, a highly lucrative opportunity for … The metaverse will be worth 12% of luxury goods in 2030 MFF survey on the fashion explosion in the virtual universe. On the non-fungible tokens (NFT) front, every week seems to bring the announcement of another brand making NFTs, including Givenchy, JW Anderson, Dolce & Gabbana, Gucci, and Adidas.Morgan Stanley estimates that luxury branded NFTs could become a US$56 billion market by 2030. Although most people do not have enough knowledge about Metaverse, this does not prevent luxury brands from pouring into Metaverse. StreetInsider.com Customers shop at South Coast Plaza, June 11, 2020 in Costa Mesa, CA. morgan stanley luxury in the metaverse - houseofvisuals.com The tech giant recently launched its VR meeting app, Horizon Workrooms.It’s a digital space where people can meet, … According to Morgan Stanley, the digital-first luxury market will be worth $50 billion by 2030. “This space will allow many young creators around the world to … Morgan Stanley estimates that in 2021, high-value NFTs accounted for less than 1% of transaction value.
morgan stanley luxury in the metaverse
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