The metaverse is widely considered to be the next big leap for the internet and the rewards for companies which make an early move into it could be enormous in the long term. Hence, there is usually considerable excitement when a company makes such moves. High end luxury goods provider SFLMaven Corp (OTCMKTS:SFLM) is a company was in focus yesterday after it announced the list of products that it was going to sell at its metaverse store.
Trading Data
On Wednesday, SFLM stock surged 71.43% to $0.0012 with more than 187.01 million shares, compared to its average volume of 13.31 million shares. The stock moved within a range of $0.0007 – 0.0012 after opening trade at $0.0007.
SFLMaven Announces New Metaverse Store Items, Including Wedding Wearables
The news came as a massive boost to the SFLMaven stock as it ended up with gains of as much as 71% amidst heavy interest. It will be interesting to see if the stock can continue to add to its gains over the course of the coming days or not.
The products that have been made available on the metaverse store include Metaverse wedding wearables, wedding and engagement wearables and on top of that that SFLMaven Jewelry Store is also available. Last but not the least, the company’s patent pending product named HoloGlow is also going to be available soon. The store is situated on Decentraland and it now remains to be seen if the store can drive sales or not.
Technical Data
SFLM stock is trading above the 20-Day and 50-Day Moving averages of $0.0008 and $0.0007 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0012. The company has a total market capitalization of $1.75 million.
