SFLMaven Corp (OTCMKTS:SFLM) dropped 18% after the high-end luxury goods provider announced a partnership with Metaskins Studios SAS to design and build its metaverse presence at its property Decentraland, serving as the foundation of the company’s metaverse store.
Trading Data
On Thursday, SFLM stock fell 18.18% to $0.0009 with more than 57.42 million shares, compared to volume of 46.06 million shares. The stock moved within a range of $0.0009 – 0.0011 after opening trade at $0.0011.
SFLMaven Partners with MetaSkins Studios to Launch Vintage Digital Jewelry Wearables Metaverse Store
As stated in previous communications, the company aims to open a store in the Metaverse to promote and offer premium antique digital jewelry pieces for avatar usage. According to management, SFLMaven would be the Metaverse’s premier high-end antique jeweler.
CEO of SFLMaven Joseph Ladin said that Metaskins had established itself as a frontrunner in designing and building the metaverse transition for leading brands and early adopters. At this moment, SFLMaven fits under that category. he said that the company is trying something fresh and unique by opening a store in the Metaverse to sell rare antique digital jewelry. SFLMaven has a lot of faith in Metaskins to assist it in standing out in that arena, and they’re excited about their future metaverse debut. So SFLM is worth watching.
Key Quote
Joseph Ladin, CEO of SFLMaven, stated, “Metaskins has proven itself as the emerging leader in architecting the metaverse pivot for top brands and first movers. SFLMaven certainly falls into that classification at this point. We are doing something new and innovative as we set up shop in the metaverse to offer unique vintage digital jewelry items. We have a great deal of confidence in Metaskins to help differentiate our brand in that space, and we look forward to our upcoming metaverse launch.”
Technical Data
SFLM stock is trading below the 20-Day and 50-Day Moving averages of $0.0010 and $0.0011 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0027.
