Tag: retail stores
Role of Metamall for Experiencing the Metaverse
There is no denying that the Metaverse is the next great leap in the evolution of the internet. The metaverse is a universe of connected digital avatars and endless possibilities of virtual environments. Human interaction, which is the basis of all business and social ventures, will be elevated to an augmented form where safety, security, and trust will be ensured by the structure of the technology. Metamall is becoming a vital source of experiencing metaverse by using VR, AR, and blockchain technology. This article is also based on the role of metamall in experiencing the metaverse. In this virtual world, status can be determined by how sophisticated your character’s representation on the network seems to other users in terms of features they have available for their own personas at any given time – Imagine if everyone had an amazing high – quality version that never struggled with performance issues! Metamall – The Future Metamall is the virtual version of the all-encompassing zone in the Metaverse. A wise, immersive, experiential shopping and social interaction spot that uses VR, AR, and blockchain technology as its foundation. Metamall – Enhance the Sources of Immersive Entertainment Metamall will fuel social and business interaction wrapped in immersive entertainment; Rather than following the traditional way of shopping through a specific retailer’s website, let’s imagine rendezvousing with a friend in a Minecraft- like world to hang out and shop at virtual storefronts. Meeting your date, your clients, or an accountant or lawyer for a consultation in the metaverse at a restaurant. The possibilities are endless. Exceptional Land Selling on Metaverse Metamall land sale is live and has already sold $1M worth of land on the Metaverse. Metamall will take on a spaceship design, with different zones — each facilitating a unique kind of experience for its users. And Metamall is all about bringing new VR experiences to your life and providing its users something they can take away as unique, memorable, and excíting. The Metamall metaverse is designed like a spaceship with different zones, each of which facilitates a unique kind of experience. The spaceship structure allows for a zero-gravity environment, and changing views of different parts of the cosmos on a regular basis. The laws of physics can be changed with the introduction of black holes and faster than light speeds for the entire Metamall Spaceship. Speaking of zones, All real estate/land in Metamall will be in the form of NFTs, so they can be easily traded with absolute ownership on the blockchain. Let us know about the types of NFTs on the metamall and its use case Sizes of Plots on Metaverse There are a total of 5,714 plots of land available, divided into 5 different sizes. These are Cube, Cabin, Club, Chalet, and Chateau. CUBE – This type of NFT land will be going to include all the retail stores, indoor gaming spots, workplaces, or fashion centers. CABIN – Large single-brand retail stores, experience centers are the best examples for a Cabin space. Imagine being an owner of a cabin or multiple cabins the metamall CLUB – just like its meaning, Club is perfect for large gaming zones, multi-brand retail stores, and social networking zones. CHALET – Here the things are getting bigger and wider, if you are looking for public entertainment places (cinemas), showrooms, display centers, or high-rise brands retail spots, then Chalet is the right choice for you CHATEAU – and last but not least, the biggest of them all, Chateau is best for several categories of workplaces, places for mega-events, experience centers for cities or countries, embassy networks. Final Conclusion Metamall is backed by some of the industry’s leading Venture Capital firms and key investors including 316 VC, Brotherhood ventures, CGT Capital, CRT Capital, CCK Ventures, DAO Kondr VC, Crypto Buddy, FishDAO, GDA capital, GTS Ventures, Halvings, HVS ventures, WeeHODL, Mars VC, MHVentures, CYT Blockchain Ventures, Vespertine Capital, WLI Capital, HERD Ventures, GAMI, ALMORA CAPITAL, SEED THRIFT, Blue Chips and MMC Ventures Capital. One thing is sure, that there is no doubt that metaverse is becoming the next big thing that will swallow every commercial category in it. Metamall INO is already on LunaPad and StartFi METAMALL is the decentralized Metaverse Mall where users can build wealth by selling, leasing, playing, or staking assets
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Regina Miracle International (Holdings) Limited Announces Partnership with Victoria’s Secret & Co. for Existing Business in China
Regina Miracle and Victoria's Secret have formed a joint venture ("JV") to operate all Victoria's Secret stores and the related online business in the People's Republic of China ("PRC"). Under the terms of the agreement, Regina Miracle will own 49% of the equity interest in the JV with a consideration of US$45 million in cash while Victoria's Secret will own the remaining 51% interest. The JV shall carry out the PRC business comprising designing, developing, manufacturing, marketing and sale of certain lingerie, intimate apparel as well as marketing and sale of personal care and beauty products under the agreed trademarks of Victoria's Secret in the PRC through its subsidiaries.
YY Hung, Chairman, CEO & Executive Director of Regina Miracle, said, "We are honored and excited to be elevating our long-standing partnership with Victoria's Secret through the formation of this joint venture in the promising China market. We are confident that our highly complementary strengths - Regina Miracle's industry-leading innovation capabilities and market foresights as an Innovative Design Manufacturer, and Victoria's Secret's undisputed brand leadership, retailing and marketing expertise - will perfectly position this partnership in capturing the growth opportunities and creating value for consumers in China."
Victoria's Secret CEO Martin Waters commented, "I am delighted to announce this partnership with Regina Miracle, who has been a valued merchandise supplier partner for more than twenty years. Together with Regina Miracle, we aim to grow the China business through joint investment in product development, distribution, and marketing. We expect the partnership will positively impact the speed and agility of the business to benefit consumers and provide us with a platform for a strong future in this important market. This JV with Regina Miracle in China completes a multi-year repositioning of the International business of the Company and we believe establishes a platform for accelerated sales and earnings growth in the market over the next several years."
About Regina Miracle International (Holdings) Limited
Regina Miracle International (Holdings) Limited (stock code: 2199), a global leader in the intimate wear manufacturing industry with a unique innovative design manufacturer ("IDM") business model, is engaged in the innovation, design and manufacturing of a diverse range of products, including mainly intimate wear, sports bra and apparel, consumer electronics components, and footwear. Committed to product innovations through proprietary craftsmanship revolutions, patented product and production technological breakthroughs, the company has acquired a number of competitive industry edges that have spearheaded its developments over the years into being a global industry leader. Today, Regina Miracle has two strategic strongholds - its R&D and production base in China, and a major production base in Vietnam, with a combined workforce of more than 46,000.
About Victoria's Secret & Co.
Victoria's Secret & Co. (NYSE: VSCO) is the world's largest intimates specialty retailer offering a wide assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear, athleisure and swim, as well as award-winning prestige fragrances and body care. With nearly 1,400 retail stores worldwide and a predominately female workforce of more than 25,000, Victoria's Secret boasts the largest team of specialty trained bra fit experts worldwide. Victoria's Secret is committed to inspiring women around the world with products and experiences that uplift and champion them and their journey while creating lifelong relationships and advocating for positive change.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comRegina Miracle International (Holdings) Limited ("Regina Miracle" or the "Group") (Stock code: 2199) today announced a partnership agreement with Victoria's Secret & Co. ("Victoria's Secret") (NYSE: VSCO) related to the latter's existing company-owned business in China.
Crypto ATM Market Expected to Hit $1.88B by 2028 with CAGR of 59.2%
The crypto ATM market is anticipated to reach $1.88 billion by 2028, according to a report by US-based consulting firm Grand View Research Inc. (Read More)
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