The day when we can look fashionable and dress up without even moving is approaching sooner than we think. Space Runners, a company working towards developing their fashion metaverse, has raised a $10 million funding.
The funding round was led by Pantera Capital and Polychain Capital, and saw several other investors such as Accel, Jump Crypto and Justin Kan (Co-founder of Twitch and Fractal).
Space Runners partners with brands and celebrities to create digitally wearable NFTs through Augmented Reality(AR).
Space Runners was launched in 2021 and amassed a following of 100K in its first year. It also dropped its first collection with former NBA players Kyle Kumza and Nick Young in its inaugural year. The collection featured 10,000 kicks and was sold out in a record 9 minutes.
Along with the NFTs, the owners would also become members of a “SPACE” club, which provides access to memorabilia signed by athletes, tickets to NBA games as well as invites to NBA parties and much more.
Having grown exponentially and with a community of now 500K members, the company plans to create SPACEverse, a fashion metaverse, incorporating a Wear2Earn economy, which is essentially gamifying fashion.
The fashion metaverse incentivizes and rewards users for dressing up fashionably in the digital world.
Space Runners will not enter an easy industry, as a lot of brands are entering the metaverse, one of them being the high-end luxury fashion house from Italy, Gucci, which intends to create an online Gucci Vault and a fashion metaverse on the platform Sandbox.
