True metaverses are fully interoperable across a multitude of technologies. The RFOX VALT from RedFOX Labs aspires to be just that.
Inviting established projects into your ecosystem is one of the easiest ways to become chain agnostic and cooperate with a number of different networks. RFOX is on a partnership spree, and the latest is a long-established vet of the blockchain space.
Partnering with ICON creates yet another win-win scenario inside the VALT. The project’s been around since 2017, is a high-quality outfit that’s cranking out products and has a large userbase.
All those ICON customers, along with newcomers who found ICON because of the VALT, will have a VR-equipped location for interacting with the team and community. The VALT allows organizations of all sizes to create a comforting, informational environment.
Digging a little deeper into ICON we can see that one of its multiple offerings is network aggregation that combines multiple chains’ data into a single settlement layer.
$RFOX token is already on the Ethereum network and Binance Smart Chain. Couldn’t hurt to have a partner that specializes in compiling data from multiple networks!
At this stage in metaverse mania, many organizations are racing to get in. RFOX VALT happens to make onboarding easy by being so accommodating. ICON’s founder, Min Kim, says:
“We are honored that members at RedFOX Labs have chosen us as one of their strategic partners at an early stage in their venture and we very much look forward to the creative possibilities that a fully dedicated VR space will bring — not only in terms of how we communicate all that’s happening in the ICON ecosystem but also in terms of how the broader community will interact with each other in virtual reality.”
ICON is now on the 2nd iteration of their blockchain, with ICON 2.0 marking a total overhaul of the network’s core engine. What’s particularly exciting about build 2.0 is the “BTP” innovation:
- The chain’s “Nexus” user interface accesses the Blockchain Transmission Protocol which allows moving digital assets among the ICON chain and its partner networks
- Supported chains include Acala, Binance Smart Chain, Harmony, Moonriver, NEAR, and Polkadot
Peer into the ICON DApps page to see what they’re currently working on. There’s DeFi, there’s a lossless lottery, and there are all types of automation, focusing on staking and liquidity.
RFOX the organization doesn’t focus on a single effort. For example, RFOX Games isn’t the only spinoff under the main RFOX umbrella. They’re dipping into DeFi, blockchain gaming, media, e-commerce, cashback rewards, NFTs, and the list goes on.
Point is, both organizations are extremely active in their respective niches. They test boundaries, poking, prodding, and blasting through notions of what can and can’t be done.
Together, I’m confident they can work towards not only pushing the tech industry forward but also innovating methods for rewarding token holders. RFOX has operational yield farms and staking pools at RFOX Finance, giving you the chance to earn more on what you hold.
ICON is no different. There are abundant ways to put $ICX tokens to use. Of course, I don’t have a crystal ball, but there appears to be an ICX/RFOX/VFOX liquidity pool in the making.
Both organizations already operate DeFi sites. The question is where the pool will live. Probably on both sides for the win-win!