Decentraland’s Metaverse Fashion Week 2.0
- Decentraland is hosting the Metaverse Fashion Week which is a global event and is one of the few events this year exploring synergy opportunities from the metaverse and traditional industries.
- The network has Adidas, one of the largest global brands involved in the partnership through Forbes.
- MANA peaked at $0.84 on 2 February which marked its 2023 peak so far, representing a 22% drop to its $0.64 press time price.
Overview
Decentraland just concluded an interesting first two months of the year which was characterized by some recovery. Demand for metaverse projects bounced back slightly, but can it sustain the same trajectory in March? Decentraland is hosting the Metaverse Fashion Week which will be a global event as well as exploring synergy opportunities from the metaverse and traditional industries. The network has Adidas, one of the largest global brands involved in the partnership through Forbes. MANA peaked at $0.84 on 2 February which marked its 2023 peak so far, representing a 22% drop to its $0.64 press time price. On-chain data reveals that whales have been accumulating MANA despite its decline in market cap value in BTC terms.
Metaverse Fashion Week
Metaverse Fashion Week 2.0 will feature exclusive 3D twin pieces to wear in-world for #MVFW23 that are made possible via Linked Wearables technology and Virtual Gear NFT holders will receive them as exclusive rewards for their participation in this event hosted by Decentraland’s network . This means that Decentraland is off to a strong start this month with robust participation expected from industry players such as Adidas due to this collaboration between Decentraland and mainstream companies such as Forbes.
MANA Performance
Despite strong whale accumulation during February’s second half, MANA experienced some decline compared to other crypto assets on WEB3 segment list where it ranks second after The Sandbox with a $1.21 billion market cap . The latest RSI values show bears dominating prices while Golden Cross towards last week might bring some support before any bullish trend may take place again while demand remains uncertain in March’s trajectory yet to be seen if sustained or not with upcoming events like fashion week 2.0 being key factors for further development regarding prices around Decentraland’s platform and token itself..