Daily LInks
1. Crypto Bros Ditched NFTs Along With Rolexes: For sellers of creations by Balenciaga and Basquiat, Chinese shoppers unleashing another wave of revenge spending can’t come too soon. – Read More on Bloomberg
2. Metaverse Fashion Week had big brands but few people: Decentraland’s Metaverse Fashion Week featured virtual clothes and exhibits from some major names in fashion, but it was lonely, difficult to navigate, and pretty boring. – Read More on the Verge
3. What to Expect at the First AI Fashion Week: The first AI Fashion Week (20-21 April), held at Soho’s Spring Studios, is showcasing collections from emerging AI designers. – Read More on Vogue
4. Inflation Is Helping Drive a Boom in Secondhand Shopping: A growing number of people are buying used clothing, shoes and accessories, propelling the secondhand industry to $177 billion in global sales last year, according to a new report from online thrift marketplace ThredUp Inc. That marks a 28% increase over 2021. – Read More on Bloomberg
5. What Erin and Sara Foster’s VC Arm Means for Startups: Celebrity venture companies are the new norm. From SKKY Partners, co-founded by Kim Kardashian, to Marcy Venture Partners, co-founded by Jay-Z, celebrities are moving past endorsements and licensing deals and looking to get a bigger piece of the pie. – Read More on PYMNTS
6. March US corporate bankruptcy filings push Q1 total to highest since 2010: S&P Global Market Intelligence recorded 71 corporate bankruptcy petitions in March, the fourth straight month of increases and the highest monthly total since July 2020. The recent filings brought the year-to-date total to 183 as of March 31. – Read More on S&P Global
