The primary outcome of the U.S. elections is simply that they’re over. As with any political and financial cycle, they push down the declining trends, clearing the way for new, inevitable ones. We have forecasted 10 new factors that will accelerate fashion’s development toward Smart Fashion - the merging with technology and financial engineering, regardless of the election results. All of this will lead to the metamorphosis of the old fashion system into what we at the Metaverse Fashion Council have coined Smart Fashion.
(pics by BEEPLE)
(pics by BEEPLE)
- Bad money will be back*. 2025 will be the year when traditional venture capital returns to the market, driven by the Fed’s upcoming efforts to lower interest rates. This will also trigger a parallel process—the resumption of currency printing (increasing national debt) to issue dollars. U.S. government debt currently stands at a record $36 trillion. Following the Fed, other welfare states, from the EU to Japan and China, will start printing thi own and sovereign bad money. Investors say there’s unlikely to be as much reckless money as there was in 2019–2021, but given current geopolitical and economic realities, these countries have no other option.
- The fashion behemoth-conglomerates have entered the elections in their worst shape and with the weakest growth indicators of the past decade. The near-socialist centralization of brands in these conglomerates has reached its limits and no longer drives up their stock value. A Nobel laureate in economics has called this the “Road to Serfdom.” In today’s environment, it makes more sense to invest in AI giants, Web3, and even gold.
- Venture Capital investment will come to fashion through young and innovative brands, designers, and other projects. Dozens of new financial tools will enter the fashion market as it finally integrates with technology seamlessly, rather than merely for advertising promises while remaining in the old system.
- The Digital Product Passport and Central Bank Digital Currencies implemented by European policymakers—however vague their goals and actual consequences—are easing the application of cryptocurrencies, sentient AI, and Decentralized Physical Infrastructure Networks.
- Brain-dead apparel from the old fashion system has started to move toward Smart Fashion. The best example is Meta Ray-Ban glasses.
- The meme coin and degen culture will bring a fresh wave of fashion to young brands, local fashion weeks, and representatives of traditional fashion who have the intellectual and financial resources for genuine innovation.
- Decentralized finance is set to grow from its current $2.3 trillion capitalization to at least $5 trillion, becoming the leading tech asset category. Some experts believe this could happen as soon as 2025. This massive financial force will finally see the emergence of real digital assets—items with independent value, not just digital copies of clothing from the old fashion system.
- Smart Fashion. AI is probably the best assistant, lowering the market entry threshold to almost zero and shifting value from practical skills to creativity and strategy. The fashion industry is beginning its biggest and most significant journey—the technological fusion of style, individuals, and value, independent of platforms, realities, blockchains, and AI models. This movement is called Smart Fashion.
- The Metaverse Fashion Week 2024 season is dedicated to the central theme—investing in the fashion of the future, where the metamorphosis of the old fashion system into Smart Fashion is inevitable.
- Hide not your Talents! The Talent Score’s pioneering, decentralized system is set to redefine the value of personal achievements—much like the Credit Score in the U.S. or China's Social Score. This revolutionary tool will make its debut at Metaverse Fashion Week, powered by AI to connect fashion seamlessly across all realities. Talent Score enhances the value of those with skills and creativity, building a dynamic profile for the new era.
*Bad money is an economic term often referring to currency that depreciates quickly or carries little intrinsic value, typically due to oversupply or poor quality in comparison to other forms of currency. In financial contexts, "bad money" generally emerges in economies experiencing inflation or other destabilizing forces, where governments may resort to printing more money to meet short-term needs. This influx of currency can devalue the currency's purchasing power and create economic imbalances.
The term is based on Gresham's Law, which states that "bad money drives out good." This principle is often seen when less valuable currency circulates more freely because individuals and institutions hoard higher-quality currency as a store of value. In modern contexts, "bad money" can also describe capital distributed recklessly, as seen in certain venture capital booms or when countries engage in quantitative easing without corresponding increases in economic productivity.
The term is based on Gresham's Law, which states that "bad money drives out good." This principle is often seen when less valuable currency circulates more freely because individuals and institutions hoard higher-quality currency as a store of value. In modern contexts, "bad money" can also describe capital distributed recklessly, as seen in certain venture capital booms or when countries engage in quantitative easing without corresponding increases in economic productivity.