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[FinlayS00]

SFLMaven - SFLM, a leading provider of high-end luxury goods, is pleased to update current and prospective shareholders as the Company moves toward significant strategic goals centered around the full launch of the SFLMaven Metaverse Store, which will go live on Wednesday, May 18, 2022, at 5 p.m. ET.

"We have been targeting the launch of our metaverse presence for the past two quarters and we can finally claim to be on the verge of turning that vision into a reality," noted Joseph Ladin, SFLMaven CEO. "We continue to see strong and stable results from our core real-world vintage jewelry business, which is on a path toward significant growth in 2022. But we believe in embracing new and innovative pathways – as we did two decades ago when we took vintage jewelry online through eBay – and the digital NFT-based vintage jewelry marketplace appears well situated to deliver accelerating growth in the years ahead." Bloomberg recently calculated that the Metaverse could be worth nearly $800 billion for investors in the years ahead, marking it as a leading thematic axis around which high-growth portfolios will be built over the coming decade. JPMorgan later backed that up, calling the metaverse a $1 trillion opportunity.

The demand for "skins" and virtual accessories has proven to be a durable and rapidly growing opportunity, as evidenced by Fortnite's $5.7 billion in sales of virtual accessories in 2020.

The Company believes the market for classic luxury goods in digital form in the Metaverse holds enormous promise as well.

https://finance.yahoo.com/news/sflmaven-provides-corporate-ahead-launch-124900647.html