The RFOX VALT metaverse will significantly help its creators achieve their goal of decoupling from traditional crypto markets.
The RFOX organization, formerly known as RedFOX Labs, aims to form a super-dApp full of cutting-edge, financially empowering products. In other words, a portfolio of businesses with revenue streams that aren’t based solely on token prices.
Most crypto-based projects thrive or die according to how the market values its native cryptoassets. When prices are low as the tokens tank, development funds suffer. Conversely, when prices soar, and the team can sell off a portion to boost reserves, product development and marketing can accelerate.
But since markets are cyclical in nature, there are prolonged periods during which there’s not much investor interest. That scenario is exactly what RFOX wants to avoid, and it’s slowly getting there.
The team has been hard at work building a metaverse environment for quite some time, gaining a significant lead over upstarts like Meta. However, the metaverse’s purpose is to act as a hub for businesses that can stand on their own two digital feet.
Gaming, media, decentralized finance, NFTs, e-commerce, and cashback rewards are all industries that RFOX is tying together inside the VALT. And several of the RFOX ventures already have working products.
The VALT is still under construction, but you can play KOGs: SLAM! now and you can also stake and farm for yields on RFOX Finance. Take a look at the new Site and all the ventures plugging into the VALT, and you can see how massive it’s going to become.
A recent article on Coingape offered this insight:
“RFOX is a self-funded project. It does not owe any large VC any exit strategies. RFOX is purely focused on providing real, tangible uplift for real people; and as such [is] poised to produce significant investor value.”
The Internet as we know it is rapidly changing. The main difference is how interactive and decentralized it’s becoming. The metaverse is the next phase, and it’ll take some trailblazing to make everything function properly.
RFOX is in the thick of things and continues to build out its ecosystem, with a boost from selling plots of virtual land. The most recent round added another $1M to the books, but a significant portion won’t stay with RFOX:
- Of the 291 $ETH collected during the Arkamoto Gaming Quarter auctions, 45% (131 $ETH) is allocated to buying $RFOX tokens at market value
- $VFOX rewards are part of what makes the VALT so enticing, and 1.3M $RFOX tokens will go towards yield farms and staking pools
- Another 861,000 $RFOX are coming out of circulation and going to a blackhole wallet that’s incoming only
As the RFOX multiverse expands, it’s adding key partners like ICON, YGG, and CoinGecko, to name a few. Since VALT property is some of the rarest in the entire metaverse, RFOX must be very selective about partnerships.
In most cases, it’s much more than a handshake and an MOU. RFOX provides organizations with a VR-ready virtual environment for connecting with clients and prospective investors on a deeper level.
Like the blockchain industry itself, we’re still early to the metaverse party. Over the coming years, the metaverse will grow to become an integral component of our everyday lives.
And because the team began its metaverse journey so long ago, RFOX is well-positioned to create a fun environment in which users will want to spend more and more time. It won’t happen overnight, but 2022 will be huge for the RFOX multiverse.