UK Investment Guides Loader

H&M denies opening a 3D store in metaverse

written by Bella Palmer
hennes-and-mauritz

The rumour of H&M opening a store in the metaverse followed a tweet by Ceek’s official Twitter account on Dec. 7 last year

Several major publications reported Monday that retail clothing giant H&M (Hennes & Mauritz) has opened a 3D store in the metaverse.

H&M is a major fashion and design company with 53 online markets and stores in 75 markets worldwide. One of the largest clothing brands in the world, H&M has 4,856 stores globally as of Sept. 30, 2021. The U.S. is its largest market, followed by France, Sweden and Russia.

The company denies reports that it will open a metaverse store. A spokesperson for H&M clarified: We’d like to confirm that H&M is not opening a store in metaverse at this time.

The false claims claim that Ceek City will allow customers to shop in its store and choose their products. All payments must be made using ceek tokens (CEEK).

Ceek virtual reality settings are controlled by smart contracts via the Binance Smart Chain (BSC).

In addition, the false reports also claim that customers will be able to order clothes seen in the H&M metaverse store from its physical stores later.

The rumor of H&M opening a store in the metaverse followed a tweet by Ceek’s official Twitter account on Dec. 7 last year. The company said it created a ‘concept VR store’ to be presented to H&M.

However, the spokesperson for H&M told Bitcoin.com News: Ceek is not our partner.

The official Twitter account for Ceek subsequently clarified Monday: The H&M store in the Ceek metaverse was just a concept that was presented to H&M and not an actual virtual store yet. We are in discussions with people at H&M to make this a reality, but this is not something that’s a reality as of now.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

You can tell friends this post!