Existing resale platforms such as ThredUp, Tradesy, Depop, and RealReal have raised billions of dollars, and new startups are entering the market. Vestaire Collective is concluding a fundraising round for around $210 million, and Grailed, attempting to raise $60 million, are both welcomed. In addition, there are new agreements, like those between Adidas and ThredUp and Net-a-Porter and Reflaunt. This demonstrates the significance of secondhand merchants and direct sellers. Even Gucci has created a storefront on RealReal.