Well, Velvet is typically not based on real events. It's more of a fictional narrative crafted by the imagination of the creators to engage and captivate the audience.
The origin of Red Velvet can be traced back to SM Entertainment. They were formed through a unique concept that combines different musical styles. Their name 'Red Velvet' represents two different concepts: 'Red' for their bold and energetic side, often seen in their more pop - influenced tracks. 'Velvet' stands for their softer, more R&B - influenced, and sophisticated side.
I'm not sure specifically which 'Black Velvet Story' you are referring to. It could be a story related to black velvet fabric, perhaps a historical account of its use in fashion or interior design.
If it's a story in a literary context, it could be created by an unknown author who wanted to explore themes related to black velvet, such as luxury, mystery, or sensuality. However, if it's a brand - related story, then it was likely created by the marketing or creative team of the brand that uses black velvet in their products. They might have crafted the story to enhance the appeal of their black velvet items in the market.