The local fashion industry is cashing in on the Metaverse and NFT markets, and revolutionising how Caribbean designers sell their designs and access new markets. On Tuesday, 28 February 2023, Port of Spain Fashion Week (POSFW) launched the Fashionverse, an all-digital fashion experience utilising virtual real estate that ensures local fashion adapts to an increasing global shift towards digitalisation. Through the Fashionverse, local fashion designers can create digital fashion that can be sold and worn in the metaverse – a highly immersive virtual world where people gather to socialize, play, and work.