Fashion is an interesting industry. It is constantly doing two things simultaneously: looking to the future, predicting impending trends and styles, while taking stock of its past to help inspire the next. That dichotomy is currently in even starker relief as two aspects of fashion are pulling into focus: the evolution of the vintage space and the revolution that is the metaverse. And while the metaverse, with its NFTs, avatar outfits, and virtual accessories is still in its infancy, the mature vintage fashion industry is being leveraged in exciting new ways by luxury houses, start-up platforms, and entrepreneurs.
Luxury houses are approaching the resell market from a number of different angles. The first out of the gate with its concept was Gucci. Back in September during Milan Fashion Week, the Italian house created a platform called Gucci Vault where it sells
