Virtual Cosmetics Are Now A Thing As L’Oreal Enters The Metaverse

Share This Post

At this point, everything that can conceptually be moved to the metaverse has been moved. This includes clothing, gaming, general daily living, and now L’Oreal is moving cosmetics to the metaverse. It is the first to do this as it files multiple patents that will allow the cosmetics giant to provide virtual variations of its products for use in this budding space.

L’Oreal Enters Metaverse

L’Oreal is the latest of many fashion and beauty brands that have begun making their marks in the metaverse. Following its predecessors, the cosmetics giant has filed a number of trademarks that will mark its entry into the space. A total of 17 trademarks was filed with the World Intellectual Property Organization that encompassed the brand and its subsidiaries.

Related Reading | Ponzi Scam: BitConnect’s Indian Founder Charged In $2.4 Billion Bogus Scheme

The French brand is planning to offer virtual versions of its cosmetics in the metaverse such as skincare, haircare, etc, all of which will be in downloadable format. L’Oreal plans to offer things like virtual perfumes for purchase in the metaverse.

L’Oreal USA made the filings, all of which are related to the brand’s subsidiaries such as Kiehl’s, Urban Decay, Maybelline, It Cosmetics, and Essie, a nail varnish brand. The registrations cover a wide range of capabilities like the rights for non-downloadable virtual fragrances in the metaverse in the case of Kiehl’s. L’Oreal intends to make it possible for all of its users to be able to purchase, sell, and trade all of their virtual cosmetics.

This follows in the footsteps of P&G Beauty, a beauty brand that had made its way into the metaverse in 2021. The Procter & Gamble beauty division virtual world was exclusively for its brands. BeautySphere, as it was named, was created to bring users to the brands. It can be accessed by anyone with a computer, which features immersive video content.

Related Reading | NFTs In A Nutshell: A Weekly Review

Although this move by L’Oreal puts its products in virtual form in the metaverse, it is not the first time the beauty brand is entering the space. Late last year, L’Oreal had followed the likes of Nike as its released its first collection of NFTs. These NFTs featured art promoting gender equality by five artists. The NFT line did not do as well as expected. But L’Oreal remains undeterred as it makes a big for the space once again with the new trademark filings.

Featured image from Digiday, chart from TradingView.com
Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Next Move Hinges On Critical $96,600 Region – Here’s Why

The price of Bitcoin saw no overall gain over the past week as the premier cryptocurrency continued to undergo a market correction Despite multiple upward movements, Bitcoin struggled to break past

Bitwise Pursues Approval for Groundbreaking Bitcoin Standard Corporations ETF

Bitwise, one of the largest asset managers in the US, has filed for clearance to launch an ETF tracking the performance of companies holding bitcoin as a reserve asset The instrument, called Bitwise

Shiba Inu Shows Resilience, Holds Steady Above $0.00002045 Amid Market Volatility

In the face of ongoing market volatility, Shiba Inu (SHIB) has demonstrated impressive resilience as it holds strong above the pivotal support level of $000002045 While fluctuations and market

Crypto Market Remains Greedy Despite Bitcoin Price Crash To $94,000, Is A Recovery Coming?

You could argue that the cryptocurrency market maintains its confidence despite the Bitcoin price experiencing a significant drop to $94,000 Although price action says otherwise, this confidence is

Dogecoin Price Reaches An RSI Of 59 After Dropping To $0.31, Here’s What Happened The Last Time

The Dogecoin price has continued its decline over the past two weeks into the last 24 hours Particularly, Dogecoin has yet to start a notable momentum above the $030 threshold, although it has

Dogecoin (DOGE) Price Prediction for December 29

The post Dogecoin (DOGE) Price Prediction for December 29 appeared first on Coinpedia Fintech News Dogecoin (DOGE), the largest and most popular meme coin by market cap, is showing signs of reversing