RFOX is a global leader in building immersive metaverse experiences, combining tools for finance, gaming, NFTs, e-commerce, and retail with virtual reality to offer unique benefits to businesses, creators, and the general public. The company has scaled tremendously since its inception, with its growth drivers being bold venture development and acquisitions. This momentum carries RFOX forward with its mission to be a major player in the construction of the metaverse, through the RFOX VALT.
RFOX’s continued development of the RFOX VALT metaverse, now on its second virtual land sale, combined with a comprehensive slate of products and services that make up the RFOX Ecosystem, makes the company an underrated yet high-impact metaverse player as we head into 2022. It’s worth considering that this year, RFOX token investors have enjoyed a marked increase of over 500% in price over the last 12 months alone. Those who have invested in RFOX, having seen its potential early, are now seeing tangible results of RFOX’s massive growth trajectory. Brand Partners in the retail, lifestyle, gaming, and finance sectors are already employing the RFOX Ecosystem in their own digital brand engagements.
Founded in 2018, RFOX has made impressive strides in the digital space. Its main focus is building a metaverse that connects various companies, products, and services to offer an immersive experience for shopping, entertainment, and retail. Its metaverse platform, called RFOX VALT, has attracted significant interest from many major names in the blockchain space, including CoinGecko, ICON, Yield Guild Games, and VOID Cyber.
Recently, RFOX VALT unveiled a new virtual land sale in a quarter within its metaverse called Arkamoto, a gaming-inspired hub that is also welcome to all businesses. Each quarter in the RFOX VALT will have exclusive features depending on their respective designated designs, and Arkamoto is where RFOX envisions staging live e-sports tournaments, gaming events, and more. A total of 25 SHOPs, RFOX’s term for storefronts in the metaverse, are being offered for auction on December 9, 2021, and you can read more details about that auction in this article and guide.
By the time that the land sale in the Arkamoto quarter is done, the RFOX VALT would have offered 50% of the 100 SHOPs that will be available for bidding to the public, and this scarcity should drive further value for the upcoming land sales and eventual launch events for this metaverse, making it a compelling opportunity for 2022.
What Does RFOX Offer Beyond the Metaverse?
RFOX is also known for a number of ventures in fast-growing segments of the digital economy. The good thing that RFOX has done is that alongside its construction of the metaverse, it was able to build viable businesses that are operational on their own while being capable of integrating smoothly with the RFOX VALT metaverse. The ventures in the RFOX ecosystem are all interoperable within the RFOX VALT. These provide a variety of game-changing features that will enrich the metaverse experience. RFOX’s compelling metaverse and its track record in launching ventures across digital verticals create novel applications that brands can harness.
One such example is RFOX Games, a rising brand in the play-to-earn (P2E) gaming space. Players are able to earn non-fungible tokens (NFTs) called KOGs (short for Keys to Other Games) and other in-game assets tradable for crypto from playing games such as KOGs: SLAM!, which recently launched its open beta. With KOGs, players can unlock new tournaments and skins, acquire VIP access to special events, and more. Players can collect and trade KOGs on several secondary marketplaces, with AtomicHub seeing the highest volume of KOGs transactions. In addition, KOGs will play a central role in the RFOX VALT metaverse, especially in its Arkamoto quarter.
Another RFOX business that is making waves is RFOX NFTs, which recently powered the technology behind an NFT drop by major sportswear brand Reebok and rapper A$AP NAST. The RFOX NFTs platform, which provides white-label NFT services for any business that wishes to deploy NFTs conveniently, is also used in the offering of virtual land in the RFOX VALT, as well as in upcoming sales in the metaverse.
Other RFOX businesses include RFOX Media, which is in the process of creating a live streaming platform that will be crucial to the retail experience in the RFOX VALT, and RFOX Finance, which allows RFOX token holders to grow their holdings through decentralized finance (DeFi) products such as staking and liquidity pools. Total value locked (TVL) on RFOX Finance products has crossed $108 million, showing how widely used the service is.
Why the RFOX Token is Important to the Metaverse
RFOX token, also termed RFOX, is the main cryptocurrency and utility token used by RedFOX Labs. RFOX token is a form of digital payment that investors and users can use for any transaction occurring in the RFOX VALT metaverse, like creating and trading NFTs and more. Aside from being used for its ventures, the RFOX token’s utility can extend to related businesses and partnerships that the RFOX company has secured.
Ultimately, the value of the services and metaverse that RFOX builds can be reflected on the RFOX token, which is the native token of the RFOX VALT metaverse and all the other businesses within the RFOX ecosystem.
RFOX tokens are available for purchase across a number of centralized and decentralized exchanges such as PancakeSwap, KuCoin, Liquid, Gate.io, Uniswap, Loopring, Bittrex, Xanpool, and CoinSpot. From there, holders can use their RFOX tokens to participate in the metaverse, through activities such as buying NFTs, joining in events, and more, once the RFOX VALT fully rolls out. These holders can also use their RFOX tokens in games like KOGs: SLAM!, or on DeFi products such as RFOX Finance’s staking pools.
From what we have seen, few metaverse-oriented tokens, if any, show a range of use cases as wide as RFOX. With the company’s track record of building accessible solutions, even in these early days of the metaverse, early RFOX investors have a compelling value proposition, a solid roadmap, and a heavyweight team of industry professionals and advisors, now driving the day-to-day numbers. Lastly, RFOX is a self-funded project. It does not owe any large VC any exit strategies.
Due to all these factors, we think that the RFOX token and the company that represents it are compelling things to watch out for next year.
To learn more about RFOX, visit https://www.redfoxlabs.io/.