The companies have purchased shares in each other to invest in the future of digital fashion.
CLO Virtual Fashion, a software developer behind digital clothes solutions CLO and Marvelous Designer, announced that they have partnered up with Unreal Engine developer Epic Games.
Sharing an aligned vision of the future of digital outfits, the two companies have bought shares in one another, believing that 3D garments will play a significant role in the future of digital entertainment and metaverse platforms.
"We strongly believe that digital garments will play a significant role in the future of digital entertainment and metaverse platforms," commented CLO Virtual Fashion CEO Simon Kim. "We are building toward a future where we imagine the digitization of everything, the convergence of fashion with entertainment and the metaverse. Our visions are aligned, and we are committed to building the future that we envision."
"Our clients are already trying to maximize the utility of digital assets, and we will work to cater to those requests and roadmaps," he added. "We believe these investments will unleash the fullest value of each and every digital garment and creator around the world, and we are extremely happy to share this goal with Epic Games."
"Bringing high-quality digital fashion into real-time virtual worlds is complex and can be a creative barrier for digital fashion creators. It is exciting to see how CLO Virtual Fashion’s solutions work with Unreal Engine to help designers across industries make lifelike digital fashion garments," said Kim Libreri, Chief Technology Officer at Epic Games.
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