Fashion giant H&M denies rumors of joining the metaverse with CEEK VR (CEEK)

Fashion firm H&M has denied rumors that it is opening a store in the metaverse and is partnering with CEEK VR (CEEK). Fashion giant H&M denies rumors of joining...

Fashion giant H&M denies rumors of joining the metaverse with CEEK VR (CEEK)

Fashion firm H&M has denied rumors that it is opening a store in the metaverse and is partnering with CEEK VR (CEEK).

Fashion giant H&M denies rumors of joining the metaverse with CEEK VR (CEEK)
Fashion giant H&M denies rumors of joining the metaverse with CEEK VR (CEEK)

Several important newspapers reported on Jan.three that retail clothes giant H&M has opened a 3D retailer in the metaverse, which includes Economic instances And Mashable India.

However, the firm denied reviews that it is opening a store in the metaverse, with an H&M spokesperson clarifying:

“We would like to confirm that H&M is not opening a metaverse store right now.”

The supply of the misinformation also factors out that prospects will be ready to interact by means of the retailer, pick out the items they want and purchase them in the Ceek City universe. Additionally, they can purchase clothes witnessed in H & M’s metaverse retailer from the company’s bodily retailers at a later on time. All payments are manufactured with CEEK VR (CEEK) tokens.

Rumors about opening an H&M retailer in the metaverse surfaced following a submit on Ceek’s official account on December seven, 2020. The firm stated it has produced a “VR store” for H&M to show. However, a spokesperson for H&M continued:

“We don’t work with Ceek either.”

Ceek’s official account then clarified that the H&M retailer in the Ceek globe was just a notion launched in H&M and not nonetheless a accurate virtual retailer. The improvement staff is nonetheless in discussions with anyone at H&M to make this a actuality, but at the second this is not a foolproof partnership.

However, the over occasion is not unusual in the cryptocurrency market place. The difficulty of falsifying or falsifying information and facts has come to be progressively popular and the most disadvantaged are the traders. The Litecoin (LTC) situation may possibly be pointed out as “pump and dump” simply because the fake information partnered with Walmart, generating the founder of Litecoin and Ripple officially speak about it remaining “fake news” that the SEC had withdrawn the lawsuit.

Thankfully, the CEEK cost in the course of the crash was not appreciably impacted. CEEK is now trading all around $ .69.

CEEK / USD price chart.  Source: CoinGecko
CEEK / USD cost chart. Source: CoinGecko

Synthetic Currency 68

Maybe you are interested:

Maybe you are interested:

More From Crypto News

Bitcoin Cash and Uniswap Rise as CME Group Announces Futures
Crypto News

Bitcoin Cash and Uniswap Rise as CME Group Announces Futures

Bitcoin Cash and Uniswap posted double-digit gains after CME Group announced plans to launch futures tied to the two assets. The moves put BCH and UNI among the...

Sep 23, 20263 min read
XRP Hits $1.60 on $7.4B Volume as Futures Fail to Confirm Squeeze
Crypto News

XRP Hits $1.60 on $7.4B Volume as Futures Fail to Confirm Squeeze

XRP futures monthly trading volume had already reached a six-month high in the period leading up to this move, suggesting derivatives markets were increasingly...

Sep 23, 20263 min read
Binance Reportedly Faces U.S. Investigation Over Iran-Linked Trading
Crypto News

Binance Reportedly Faces U.S. Investigation Over Iran-Linked Trading

S. prosecutors are reportedly examining Iran-linked trading activity on Binance, according to a report from CryptoPotato, adding a fresh layer of regulatory pre...

Sep 23, 20263 min read
Cardano Integrates x402 as ADA Gains 6%
Crypto News

Cardano Integrates x402 as ADA Gains 6%

The Cardano Foundation announced on September 21, 2026 that Cardano is now part of the official x402 payment protocol SDK, enabling any application or AI agent...

Sep 23, 20264 min read
Animoca Brands Pauses Currenc Merger Plan
Crypto News

Animoca Brands Pauses Currenc Merger Plan

Animoca Brands has paused its proposed merger with Currenc, a deal that would have served as the Web3 gaming and investment company’s route to becoming a public...

Sep 23, 20263 min read
Aave Borrowing Limit Proposal Puts Bitcoin-Backed Loans at Risk
Crypto News

Aave Borrowing Limit Proposal Puts Bitcoin-Backed Loans at Risk

A governance proposal under discussion on Aave could tighten maximum borrowing limits for Bitcoin-backed positions, and analysts warn that even a 4. 7% decline...

Sep 23, 20263 min read
Shiba Inu

Author

Shiba Inu

Read more CoinLive coverage and analysis from Shiba Inu.