From Sandbox to Decentraland, the team has bought several Metaverse plots and are currently recruiting an architect to design their Metaverse shops
The FLOV Market team, from the successful Canadian team that launched Valentine Floki in early 2022, is launching their long-awaited utility: the World’s 1st Mixed Reality Metaverse Marketplace.
Their previous project had an incredible run from 190k market cap to peaking at 4.2M.
They are currently in presale phase, which will be ending on May 4th 12:00PM UTC. From investors all around the world, they have raised over 150,000$ in funding and are aiming to disrupt the NFT/Metaverse marketplace technology.
A collection of one thousand exclusive NFTs will be released in the project’s 1st phase. Ranging from wearable jewelry for your Avatar to displayable flowers in your virtual homes, they are aiming to be the gold standard of gift shops in the metaverse. NFT enthusiasts and Metaverse adventurers will be able to purchase them on the OpenSea Platform.
A great percentage of the revenue generated will be used to buy back their tokens and burn them, which will cause a decrease in the total supply and instantly increase the value of each token. This unique mechanism, linked to their exclusive marketplace, is a great advantage for their long-term holders.
The team has also added a 4% BUSD reward tax. This means that 4% of every buy, transfer and sell transaction on the project is redistributed automatically to their holders, in the form of BUSD stable coin.
Investors, in the project’s 2nd phase, which is where the virtual world and the real-world meet, who buy items from the FLOV Market digital store, will not only receive the NFT item but will also receive the item in real life through partnered retailers. The business development team is currently signing deals and on-boarding retailers all across North America and Europe and are looking to expand globally! This phase will also include a buy back and burn mechanism to benefit the token holders.
From Sandbox to Decentraland, the team has bought several Metaverse plots and are currently recruiting an architect to design their Metaverse shops. In order to maximize their exposure, they are also in talks to list on several exchanges.
Also read: CIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics
