One of the forerunners in the race to build an interoperable metaverse, RFOX VALT, has set a date for its gaming quarter, Arkamoto.
Auctions for the art quarter, Callinova, took place in September and gathered well north of $1M U.S. in $RFOX tokens. But those auctions, one for each of the 25 retail shops, took place months before Facebook rebranded to Meta.
In other words, it was challenging just to explain the metaverse concept “way” back then. And since the Callinova auctions only accepted $RFOX, the audience wasn’t what it could have been by accepting $ETH payments.
And, in typical RedFOX Labs fashion, the team has plans to make that $ETH benefit $RFOX and $VFOX token holders:
- Collecting ETH payments opens the metaverse land sale up to a much broader base of crypto and metaverse enthusiasts
- 10% of raised funds are earmarked for buying $RFOX at market prices, thereby raising the token’s value
- 15% of the ETH proceeds from the SHOP sale will be used for RFOX and VFOX staking and farming pools on RFOX Finance
- 15% will be allocated as rewards to VFOX holders
- Another 5% of the proceeds will go to the reserve funds for Quartermasters’ rewards
The VALT is currently morphing into a multi-purpose virtual world with something for just about everyone to enjoy, be it gaming or shopping or maybe even NFT gambling tournaments playing KOGs: SLAM!.
The play-to-earn space is as hot as the metaverse. And since the VALT is a venture from RedFOX Labs, the parent company of KOGs’ RFOX Games, the outfit is able to address both markets.
We’ve already seen an explosion in the price of metaverse-related tokens over the past few weeks and $RFOX has enjoyed riding that trend. That should hopefully silence some of the haters out there!
Are your bags packed and ready for December? I have a feeling we’re in for another huge upswing.