The Metaverse Will Feature Mexico’s First Shopping Center
The first metaverse mall in Mexico will open with more than 80 companies, but it is anticipated to expand and eventually house over 800 businesses.
In the metaverse, malls have a number of benefits. One of them is that they can accommodate whatever many shops the developers like to. With Island Shopping Mall, a Mexican businessman wanted to create Mexico’s first metaverse mall.
The mall was officially opened today, and users of mobile devices may access it by downloading an app from the AppStore or Google Play.
Users of both platforms may now download the shopping mall application to take advantage of an immersive experience via “an island paradise to have good time online,” according to the local media site Cultura Empresarial.
Through the use of this new virtual world, users will be able to make purchases online and earn coins and gems that can be redeemed for goods or coupons at a number of retail malls dotted across the island.
Big Brands Are Attracted to the Island Shopping Mall:
80 brands have now received formal confirmation. With a dedicated hall designated for the “developing brands,” they will be separated into categories.
Leading companies Bath & Body Works, LA Colors, GOC, Biss, Golden, LA Girl, Momiji, Pai Pai, and Victoria’s Secret are among those whose mall debut has been officially announced. Some will have private or communal areas.
The Savings Group Limited, a well-known British organisation that specialises in discount coupons, has teamed with the Island Shopping Mall’s creators, according to their statement, to integrate more than 879 brands, including Adidas, Nike, Puma, Bershka, Guess, Apple, Levi’s, and many more.
A few of these companies have already dabbled with the metaverse. Apple is building its own hardware to offer the best possible metaverse experience, while Nike has established a successful commercial strategy centred on NFTs and the metaverse. Guess has also opened a metaverse shop.
Digital Innovation in Mexico and the Metaverse:
Mexicans have placed significant wagers on the metaverse. The “Metaverse Mexico Bootcamp” was held just a month ago. A team of specialists gave training on various metaverse business models while the event was going on, encouraging the use of cryptocurrencies. Additionally, they provided lectures and exhibits that used augmented and virtual reality.
According to Hellosafe’s most recent research, Mexico has one of the biggest metaverse markets in Latin America, with more than 13,000 investors who have invested in metaverse businesses.
Although the market value of the majority of cryptocurrencies connected to crypto gaming projects, such as AXS from Axie Infinity or SAND from The Sandbox, has significantly decreased, Hellosafe forecasts a 670% increase in the metaverse market over the next eight years.
Given that the analysis projects the worldwide market value of the metaverse to reach close to $650 billion this year, this rise would suggest an increase of more than $4,355 billion.
