In a recent release, RFOX announced the upcoming sale of its newest virtual land assets within the RFOX VALT metaverse. These assets, called SHOPs, will be in the RFOX VALT ’s gaming-inspired quarter, Arkamoto, and will be open to all types of businesses.  

How is RFOX, a global metaverse company, leading the way in the movement to build the metaverse?

Meet RFOX: From Ventures to the Metaverse

RFOX, a metaverse company founded in 2018, has worked on various innovations using the latest technologies to build successful business models in emerging markets. RFOX has spent the last few years building ventures from the ground up, resulting in high-growth entries in different industries like online media, digital finance, gaming, e-commerce, NFT assets, and more. These ventures work together in an ecosystem that helps RFOX stay consistent as a leading innovator in the digital economy. 

While building its ventures, RFOX has focused on building a suitable ecosystem in which all its ventures can work together and create synergies for greater growth. RFOX envisioned a metaverse that is interoperable and easily accessible to facilitate true digital and financial inclusion of everyone.  

The metaverse has been used as a catch-all term for 3D virtual environments online where people can do different things like socialize, play games, work, build things, and use cryptocurrency to earn and trade. While there is ongoing debate on how the metaverse will exactly take shape, several experts agree that the metaverse will likely be the future of the Internet, and early adopters like RFOX are in a great position to define this future.

Therefore, RFOX set out to build a metaverse for everyone, through the RFOX VALT

Opening the RFOX VALT Metaverse

Since 2018, RFOX has developed the RFOX VALT as an open-platform and inter-operable metaverse with major merchants, participants from active blockchain communities, and support for various blockchains.

As RFOX's entry into the metaverse, the RFOX VALT is an interactive and fully immersive experience that combines shopping, entertainment, and gaming elements to create a unique and distinct virtual reality. Through the RFOX VALT, users can:

  • Participate in various economic activities via the RFOX token, such as making NFT purchases, placing bids in SHOP auctions, renting virtual spaces, socializing and more.
  • Quartermasters can easily earn compensation via RFOX tokens, which can be used to buy assets in the virtual marketplace.
  • Create NFTs, sell them within the RFOX VALT and receive grants as content creators under the RFOX VALT grants program.

In September, RFOX formally introduced the public to the RFOX VALT through a virtual land sale, during which a total of 25 SHOPs, or digital stores within the metaverse, were auctioned and sold for a total of 29,503,803 FOX, which was equivalent to USD 1.4 million at the time of the auction and is currently worth USD 5.15 million, according to data from CoinGecko.

This month, RFOX is conducting a new auction of virtual land in the RFOX VALT’s upcoming gaming-inspired quarter Arkamoto, which is named after a combination of the word "arcade" and the pseudonym of the mysterious Bitcoin creator, Satoshi Nakamoto. The newly-introduced gaming quarter will feature several areas dedicated to live e-sports tournaments and other gaming spaces, though the quarter is still suitable for businesses, brands, and communities of all types.

For this auction, which will start on December 9, at 12 PM GMT+8, a total of 25 SHOPs in the RFOX VALT’s Arkamoto quarter will be available. Auction winners will get SHOPs in the form of NFTs. From there, owners will gain access to tools they can use to customize the 3D shops to their liking. In the future, owners will get a white-label hosted digital storefront with its own NFT creation tools and marketplace. The SHOPs will also be available in exchange for ETH, which RFOX intends to use for rewarding RFOX token holders and buying back RFOX tokens from the open market to enhance tokenomics. 

Join the auction here. Learn more about the auction in this article and guide.

Major Partnerships and Opportunities in the RFOX VALT Metaverse

RFOX’s foray into the metaverse is ahead of its time, as it took until this year for the concept of a metaverse to gain traction in public consciousness. Over the past few months, major global conglomerates like Facebook, Tencent, and Disney announced plans to build in the metaverse. This has been a major factor in the substantial growth seen by companies that are already building into the metaverse, like RFOX, which saw its namesake main token appreciate in value by as much as 1,000% or more compared to 12 months ago. (Year-on-year growth is currently at around 700%.)

As an agile startup in a fast-growth environment, RFOX quickly took advantage of this momentum and built a coalition of strategic partners that will help advance the RFOX VALT to more people. The company recently announced partnerships with four major brands in blockchain and cryptocurrency. These companies have been designated as Marquee Clients with dedicated SHOPs in the metaverse: 

  • CoinGecko, the world’s largest independent cryptocurrency data aggregator.
  • ICON, a popular next-generation blockchain protocol with smart contract functionality and interoperability.
  • Yield Guild Games (YGG), a major play-to-earn gaming guild that brings players together to earn via blockchain-based economies.
  • VOID Cyber, an incubator and connector for brands, with extensive experience working with household names in the entertainment and fashion industries.

The RFOX Ecosystem: Enriching the Metaverse Experience

Aside from building the RFOX VALT metaverse since 2018, RFOX has spent the past few years forming ventures from the ground up, resulting in high-growth entries in different industries like online media, digital finance, gaming, e-commerce, NFT assets and more.

This ecosystem includes:

RFOX GAMES: This business focuses on the play-to-earn (P2E) business model for the mobile gaming space. Thus far, RFOX GAMES has successfully launched KOGs (Keys to Other Games), which are collectible, playable, and tradable non-fungible tokens (NFTs), and KOGs: SLAM!, a free-to-play, play-to-earn blockchain game modeled after the POGS game of the 1990s, this time using KOGs as playable assets. KOGs: SLAM! has recently launched in open beta, proving the viability of the P2E business model. 

RFOX FINANCE: Through this platform, users can access DeFi (decentralized finance) products such as swapping, supplying liquidity, yield farming and single-asset token staking. This venture also empowers RFOX holders to utilize DeFi products and services to access previously untapped revenue streams.

RFOX MEDIA: This business was founded on RFOX’s acquisition of MYMEDIA which boasts 13 million active users, Myanmar’s leading digital marketing company, in early 2021. The company has since rebranded to RFOX Media and is currently working on online media solutions such as live streaming service RFOX TV.

RFOX NFTs: This venture has created a white-label NFT platform solution that handles NFT creation, website, marketplace, and more features that allow businesses to simply create NFTs. RFOX NFTs recently powered the technology behind the recent high-profile launch of NFTs from major sports apparel brand Reebok and rapper/fashion icon A$AP NAST.

At the heart of this growing ecosystem is the RFOX token, the multichain digital asset that fuels the RFOX VALT metaverse. As the primary method of digital payment, the RFOX token can be used to settle trading fees, develop liquidity pools, mint, sell, trade NFTs and so much more. The RFOX token is available on the following exchanges: PancakeSwap, KuCoin, Liquid, Gate.io, Uniswap, Loopring, Bittrex, Xanpool, and CoinSpot.

As people race to create virtual platforms and enter the metaverse, RFOX continues to provide opportunities for more unique ideas to bloom in the digital space.