CU to introduce shopping platform on metaverse

The S.Korean retail chain will create virtual stores in a community-type metaverse platform Jeff World

CU to introduce shopping platform on metaverse
Jeong-Cheol Bae 1
Dec 22, 2022 (Gmt+09:00) bjc@hankyung.com
Metaverse

Convenience store chain CU said on Thursday that it would introduce a meta-commerce service where online business activities take place on the metaverse platform Jeff World in partnership with Jeff, an affiliate of payment service company Danal Co.

Jeff World, which will be available early next year, is a community-type metaverse platform fully equipped with an economic structure based on Danal's blockchain virtual asset system.

S.Korea's CU plans to showcase an ecosystem that connects everyday consumer experiences with virtual reality in this space.

First, it will create more than 30 CU stores in Jeff World and utilize digital assets to exchange items purchased online for physical ones offline.

In addition, non-fungible tokens (NFTs) taking advantage of various intellectual property rights of CU will be introduced and a dedicated community for their owners will be created.

Delivery service and online shopping that would allow avatars to receive items ordered on Jeff World in real life will also be introduced.

Since last year, CU has worked with various metaverse platforms to introduce virtual reality stores.

Write to Jeong-Cheol Bae at bjc@hankyung.com

Shilla Duty Free offers metaverse Gucci Beauty class

Shilla Duty Free offers metaverse Gucci Beauty class

Shilla Duty Free, in partnership with Gucci Beauty, showcases the Gucci Beauty Garden metaverse (Shilla Duty Free) Shilla Duty Free, Korea's leading duty-free shop chain, is opening a metaverse beauty class in collaboration with Gucci Beauty.The company will introduce Gucci Beauty's metaverse n

Shinsegae to build metaverse presence with Hancom

Shinsegae to build metaverse presence with Hancom

A metaverse platform South Korea’s retail powerhouse Shinsegae Inc. will kickstart its efforts to build a metaverse presence, while seeking to buy a stake in its digital platform developer Hancom Inc.On Thursday, it signed a memorandum of understanding with Hancom, a domestic software dev