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$SFLM SFLMaven Finalizes Decentraland Real Estate Acquisition to Establish the Company’s Virtual Vintage Jewelry Metaverse Store
FORT LAUDERDALE, FL, March 04, 2022 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC PINK: SFLM), ("SFLMaven" or the "Company") (www.sflmaven.com), a leading provider of high-end luxury goods, is excited to announce the acquisition of a real estate plot in Decentraland. The purchase was finalized this week.

The Company’s plot will be used to found SFLMaven’s metaverse store, which will operate as the first native dealer of high-end vintage digital jewelry NFT items for avatar use in the metaverse.

“We believe many people will eventually become economic agents both in the physical world and in the metaverse, and most will be invested in their identity in both places,” stated Joseph Ladin, CEO of SFLMaven. “NFTs impose constraints on the proliferation of digital goods, which allows for value to emerge through scarcity. That means a heavy 14k yellow gold 44ct VS diamond cluster Cuban link chain necklace that we sell in the real world for $14,000 will also have enormous value in digital form for avatars to show off in Decentraland. We have now established our location, and we will soon take our metaverse store live and start dealing one-of-a-kind vintage treasures. We understand this transition and the opportunity it represents, and we believe SFLMaven is positioned to emerge as the leader in this bourgeoning space.”

Many major Wall Street houses, including Goldman Sachs, Bank of America, Morgan Stanley, and JPMorgan, have recently released research notes predicting the eventual mainstream adoption of metaverse participation across industries and consumer cohorts resulting in a new multi-trillion-dollar facet of the economy, which supports the Company’s outlook.

Ladin added, “We have a great deal of conviction in the metaverse thesis, and we believe SFLMaven is now ahead of the curve in making this move, particularly in our industry and competitive landscape. It’s a bit like establishing an e-commerce footprint in 2003 – which we did, ahead of the crowd. We have booked nearly $150 million in jewelry sales since that time. And now we are ready for the next pivotal transition.”

https://finance.yahoo.com/news/sflmaven-finalizes-decentraland-real-estate-133000045.html