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Effective URL: https://www.wsj.com/articles/softbank-bets-on-asian-metaverse-platform-selling-digital-gucci-dior-11638270000
Submission: On December 03 via api from CA — Scanned from CA
Effective URL: https://www.wsj.com/articles/softbank-bets-on-asian-metaverse-platform-selling-digital-gucci-dior-11638270000
Submission: On December 03 via api from CA — Scanned from CA
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Magazine SECTIONS * Fashion * Art & Design * Travel * Food * Culture * Sports COLUMNS * Jason Gay SECTIONS * MLB * NBA * NFL * Golf * Tennis * Soccer Search Search Share * Facebook * Twitter * LinkedIn * Copy Link * WSJ News Exclusive * Tech SOFTBANK BETS ON ASIAN METAVERSE PLATFORM SELLING DIGITAL GUCCI, DIOR NAVER’S ZEPETO, BOASTING A BASE OF YOUNG FEMALE USERS, ATTRACTS $150 MILLION SOFTBANK INVESTMENT, VALUING IT AT MORE THAN $1 BILLION Trapped in the Metaverse: Here’s What 24 Hours Feels Like Skip Ad in 15 You may also like CloseCreated with sketchtool. Up Next CloseCreated with sketchtool. Your browser does not support HTML5 video. PlayCreated with sketchtool. Sound OnCreated with sketchtool. 0:00 / 7:31 Closed Captions InactiveCreated with sketchtool.ShareCreated with sketchtool. 0:00 Trapped in the Metaverse: Here’s What 24 Hours Feels Like Everyone is blabbing about the metaverse. But what does this future digital world look like? WSJ’s Joanna Stern checked into a hotel and strapped on a VR headset for the day. She went to work meetings, hung out with new avatar friends and attended virtual shows. Photo illustration: Tammy Lian/The Wall Street Journal By Jiyoung Sohn Close JIYOUNG SOHN * Biography * @jiyoungjsohn * jiyoung.sohn@wsj.com Nov. 30, 2021 6:00 am ET Print Text Your browser does not support the audio tag. Listen to article Length 2 minutes AD Loading advertisement... 00:00 / 01:55 1x This article is in your queue. Open Queue SEOUL— SoftBank Group Corp. is investing $150 million in a South Korean metaverse platform that has amassed a large following of young female users by selling high-fashion items for 3-D avatars, according to the companies involved in the deal. Naver Corp.’s Zepeto, which users access via a mobile app, is Asia’s busiest metaverse platform with about 2 million active users a day. People scan a photo and can build digital likenesses of themselves, then hang out in virtual worlds. 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