Friday, May 06, 2022 12:05:43 PM
In the Metaverse, bet on companies that understand the technology and are already making moves before the great migration. A small company called SFLMaven (OTC:SFLM) recently bought a plot of land in Decentraland for a Metaverse store. While in real life, SFLMaven is an eBay site that sells high-end jewelry, in the Metaverse, the company is transitioning to the NFT market and has recently partnered with MetaSkins Studios to launch an exclusive line of NFT jewelry.
What does that exactly mean? For players in Decentraland, NFTs are seen as an investment over time. Players can purchase them at stores like SFLMaven and decorate characters or alternatively trade or flip them in the marketplace. This creates an in-game economy and an efficient market for the price of NFTs. Creators and sellers of NFTs, often make a portion of every resale thus creating a potentially never-ending stream of recurring revenue.
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