[Hackathon_may] VR Space - Exclusive Fashion Events

NDC [Archived] Creatives DAO
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Project Title – Creating a space for communities interested in exclusive access to Virtual Events like Product Launches, Shows, Pop-Ups of various Fashion Brands where an NFT acts like a token to enter the event space. (Similar to POAP)

Project DAO – VR DAO

Project Members – Nivedita Vivek (nidhi.near)
Srilakshmi T.C (Srilakshmi_96.near)
Ideation – A lot of Fashion ventures have started to foray into AR and VR applications of their clothing, but what our platform offers is an immersive experience to go along with it.
We will first look at onboarding fashion brands that want to create positive user experiences, exclusivity, and create communities.

Much like a physical event space, we want to curate a Virtual Space that can be modified based on the event that is taking place to ensure that users get an experience of a lifetime.

For example – Brand A that sells sneakers wants to set up a virtual product launch for their new collection.
What we then focus on is curating an experience based on the brand, where users can embark on a virtual experience of trying on the new product, interacting with the brand and finding people who are part of the fashion community.
In order to enter this space, the participant is required to have purchased a brand-specific NFT which will then remain with them as a collectible.
This NFT acts like an entry token to the VR experience.

This Idea mainly works at generating interest and maintaining exclusivity for the brand which in turn helps with brand growth. We also think that our idea will create a lot of interest and help many users discover Mintbase and NEAR.

What still needs to be done –

  • Setting up a platform for NFT (personalized to brand) minting on Mintbase.
  • How the NFT can be accessed to enter VR space
  • Ideal Metaverse for the VR experience
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I’m attaching the link to the presentation here.
We have elaborated a bit more on our plans, as well as the next steps.
Our Video Submission is still a Work in Progress. Will be sharing that on here as soon as we are done.
Thanks!

[Presentation] - Exclusive VR Spaces

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Video Presentation - VR Spaces

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This part makes sense.

The brand is paying you to create the experience and get as many people to visit it as possible.

I would not make the NFT something users have to purchase to visit the experience. Gating the experience behind a token means that less people will experience it.

The NFT could be more like a Proof of Attendance award rather than something a user has to purchase. That will encourage more people to visit the experience and the brand will get more visibility for their advertising money they put into the project.

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Hi Star,

The idea is to have limited people to have the experience, just because it creates Hype in the market.
It has to be exclusive for a limited number of people, to create more demand and curiosity.

A great example would be the brand SUPREME, they work on Hype based marketing. Where they create limited number of products available for limited amount of time only to create more demand for that product, as owners feel a sense of owning a limited edition product.

While, our idea was for hype market, your suggestion seems valid too, something we will consider and work on .

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@Srilakshmi and @nidhi how are you guys doing?? Just to let you guys know that the VR DAO is still on and we’re still funding proposals… We’d like to know if this project was taken further in the post- hackathon. How is it going? :grinning_face_with_smiling_eyes: Let us know if anything is needed! looking fwd to know more about the next steps cheers :raised_hands: