Yesterday, FBC Holding Inc (OTCMKTS:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc, on September 13, 2022, announced purchasing land in Sandbox metaverse.
Formrunner Apparel Inc will be diving deeper into the metaverse with the intent to open a clothing retail store inside of the Sandbox. The first step has finished through the purchase of land.
Trading Data
On Tuesday, FBCD stock slumped 33.33% to $0.0004 with more than 198.83 million shares, compared to its average volume of 44.34 million shares. The stock moved within a range of $0.0003 – 0.0005 after opening trade at $0.0005.
FBC Holding, Inc. (FBCD) Purchases Real Estate in Sandbox Metaverse
President & CEO Lisa Nelson said that the company is working with top developers for commencing construction on site and building Formrunner’s first-ever virtual clothing store. Nelson added that people can buy the latest fashion and wear the clothing on their avatars. Furthermore, she added that the resulting revenue can be explosive and it is just the start.
The firm will be expanding across platforms and will inform the public.
Today FBC Holding Inc on August 24, 2022, announced that the firm is planning a feature on exploring technologies for enhancing the mission in metaverse space for taking over the digital fashion market.
President & CEO Lisa Nelson said that people have little clue about the potential of the metaverse and that Today FBC Holdings is hopping onto this explosive opportunity. Nelson added that the team members attended the Metaverse Fashion Event in March on Decentraland. She further confirmed that big brands like Tommy Hilfiger, Ralph Lauren, and Nike have digital property. Furthermore, they have set up stores to buy products for their avatar.
Technical Data
FBCD stock is trading above the 20-Day and 50-Day Moving averages of $0.0004 and $0.0004 respectively. However, the stock is trading below the 200-Day moving average of $0.0016.
