Retail Giants Enter Metaverse as Industry Growth Continues

Over the past week, we’ve seen the likes of WalMart (NYSE:WMT) and French department store Printemps open up shop in the Metaverse. Both of these brands carry significant weight in the global retail industry, and entry into the Metaverse is a sure sign that we are still early in the life cycle of this digital universe.

They also join a growing number of retail brands that are utilizing the Metaverse as a virtual storefront, as well as a way to connect with customers. Popular Metaverses like Decentraland and the Sandbox are seeing companies like Nike (NYSE:NKE), Under Armour (NYSE:UA), SFLMaven (OTC:SFLM), and even JPMorgan (NYSE:JPM) setting up retail spaces.

SFLMaven is likely a name that stands out on this list as a relatively unknown entity. This company owns one of the more successful eBay stores for luxury jewelry. It also established an NFT store in Decentraland where it is already selling its first line of wedding-based tokens. SFLMaven is set to launch its next line of NFTs, as well as a possible game-changing technology called HoloGlow technology which displays the values of NFTs being worn by in-game characters.

Featured: $WMT $SFLM $NKE $UA $JPM


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