🔮💎 Luxury metaverse is underwhelming (but there's hope) #75
Welcome back to What The Luxe, a newsletter packed with
insights & intelligence for luxury, beauty & lifestyle marketers
—written by me, David Klingbeil
I was asked by my friends at Hub Institute and Sia Partners to write the foreword for their latest White Paper on Luxury, Web3 and the Metaverse.
Ah, the metaverse. First imagined by Neil Stephenson in 1992 and now supposedly as close to fruition as it's ever been...
Let's be honest, the metaverse has been pretty underwhelming so far. Particularly for luxury brands...
With its simple graphics and the shallowness of its experiences, one would need quite a lot of imagination to envision how there could be such a thing as luxury in the metaverse.
However, I was confident they were on to something and that this is worth the try. It is more important to ask ourselves how can we use this imaginative space to build upon our existing experiences and create a new set of expectations for the future.
This is what this White Paper is about! I can assure you that its will be entertaining, informative and will for sure make you think... What the Luxe?!
Click on the following link to download it for free and let me know what you think.
Cheers,
PS: feel free to hit reply to leave a comment, I read and answer every message
💡 Products & Trends
- Virgil Abloh’s Hotly Anticipated Louis Vuitton Air Force 1s Are Going on Sale
- Balmain unveils debut fine jewellery collections
- Science fiction influences shape the future of leather
- Ray-Ban Aviators Are Flying off the Shelves Because of ‘Top Gun’
- Amazon Fashion launches first-ever designer co-brand collection with Andrea Pitter
📺 Marketing and Advertising
- Aston Martin rebrands to prove it is more than just ‘British and James Bond’
- The Reddit beauty opportunity
- Kim Kardashian generates $935,000 in a single post on Instagram from Balenciaga
- Amazon Fashion launches first-ever Twitch campaign
- Jane Lauder on Estée Lauder Cos. Social Media Strategy
⛓️ Web3 & The Metaverse
- Burberry drops virtual handbag collection on Roblox
- Jason Wu releases digital twin of Michelle Obama inauguration gown with DressX
- The world’s most expensive bottle of Champagne with NFTs attached was sold for a whopping $2.5 million
- RTFKT’s Benoit Pagotto: Quality and community are key in NFTs’ evolution
- 3 Rules For Luxury In Web3 And The Metaverse
🛍️ Experience & Retail
- Hermès celebrates its HermèsFit opening at the Hollywood Athletic Club
- Digital models are coming for resale and vintage
- Amazon is reducing its private-label items
🌲 Sustainability & Purpose
- Ethical Luxury: Vegan Options now abound from Bentleys to cocktails to the main course
- Parfums Christian Dior: ‘We really need to collectively address the biodiversity'
- How One Brooklyn Distiller Uses Craft Beer to Create a More Sustainable Whiskey
💼 Business & Finance
- Lanvin Group reports exceptional financials
- Activist investor targets Richemont
- Hugo Boss boosts sales target to €3.5 billion amid brand refresh
✌🏼 Misc
- Novak Djokovic Shows Off His Blue Ceramic Hublot Big Bang Meca-10 After Winning Wimbledon
- A new perfume doubles as an ice cream topping
- The Best Beauty Advent Calendars of 2022
Long form content (>1min)
LVMH - "Métiers d'Excellence, the Virtuous Circle" ( 18m46 )
Aston Martin - The new Aston Martin Wings ( 1m )
Jean Paul Gaultier - Jean Paul Gaultier x Karim Benzema ( 1m )
Short form content (<1min)
Bang & Olufsen - Balenciaga I Bang & Olufsen Speaker Bag ( 30s )
Cartier - Cartier Once Upon an Icon: Santos de Cartier ( 26s )
OMEGA - A Time To Remember ( 30s )
CHANEL - 1932, Stones the Color of the Sun – CHANEL High Jewelry ( 40s )
On top of the regular What The Luxe, I share deep-dives on hot topics in the luxury industry with the Premium subscribers.
Check the full list of Special Reports.
Here are the latest special reports:
- 01 - Luxury & Purpose
- 02 - Luxury & Holidays / Gifting
- 03 - Luxury & Craftsmanship
- 04 - Luxury Private Labels
- 05 - What is luxury?
- 06 - Luxury & Data
- 07 - Luxury & Augmented Reality (AR)
- 08 - 8 Luxury Trends for 2021
- 09 - The State of Luxury Videos
- 10 - Luxury & Podcasts
- 11 - Luxury, Crypto & Blockchain
- 12 - Luxury & Live video
- 13 - Learnings from 100 luxury pandemic campaigns
- 14 - Data & insights guide (part 1)
- 15 - Data & insights guide (part 2)
- 16 - Data & insights guide (part 3)
- 17 - Luxury & Nostalgia
- 18 - Luxury & The Web3
- 19 - Luxury & Storytelling (Long Form Videos)
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If yes, subscribe now to What The Luxe Premium and gain access to the full experience and to support our work <3
Luxury is as much about business as it is about creativity. Staying inspired is key. Here’s a selection of what keeps me inspired:
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