One of the forerunners in the race to build an interoperable metaverse, RFOX VALT, is selling plots of virtual land in Arkamoto, its game-themed quarter.
Bids begin at 1 $ETH, and we can look for an explosion of bidding activity given the scarcity of the land on auction. As identified in this metaverse gold rush article, only 25 plots are up for sale.
Compared to thousands and thousands of tiny little dots inside The Sandbox or Decentraland, RFOX SHOPs are premium virtual real estate! Only 100 plots are available in the entirety of the global RFOX VALT.
Do you know who’s itching to jump into the metaverse? The brand begins with an R and ends with a K. Oh, and they make sneakers. Give up? It’s Reebok.
If you’re looking to purchase a SHOP for the Arkamoto auction, team RFOX says there are 5 things you should know:
- Every VALT SHOP is an NFT, and it’s up to the owner to operate a store, lease it to someone else, or sell it on the secondary market
- RFOX is simplifying the auction process by conducting the sale in $ETH, with a buyback and burn to occur afterward
- The auction supports MetaMask, Trust Wallet, and WalletConnect
- Post-auction SHOP purchases happen on OpenSea via the RFOX NFT platform’s automatic integration as SHOPs are minted
- Secondary sales and trades also occur on OpenSea
Do you remember when Facebook became known as Meta? That was a critical catalyst for the metaverse to become a hot topic in the land of tech. It’s where the Internet is eventually headed.
My unqualified opinion is that an $ETH auction will cause the Arkamoto SHOPs to far outstrip Callinova’s $1M+ tally. I’m calling $5M in $ETH for all 25 SHOPs. What do you think?
Right or wrong, it won’t be long before we find out!