(VIANEWS) – Fashion is shaping up to be a key area of business in the potentially $1 trillion-a-year-metaverse, and Decentraland will expand its stake in the market by hosting its first fashion week.

Business Insider reports that in March, the metaverse platform will be hosting four days worth of runway shows and experiences with UNXD, a luxurious marketplace built on the Polygon Blockchain network.

Metaverse is an online 3D virtual world where avatars represent people and can interact with them, play and work, and also buy and trade cryptocurrency assets. Grayscale, a cryptocurrency asset manager firm, stated last month that the metaverse could generate $1 trillion annually.

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