RFOX Games is one aspect of what’s to become a multi-purpose, multi-chain metaverse, RFOX VALT.
Practically the entire virtual realm will run on NFTs. From the stores themselves to most items inside them, NFTs will be very prevalent all throughout the VALT.
Certain NFTs will be collectible while others are interactive. The VALT’s new white-label NFT platform was put to use several times over the past months. The VALT’s property auctions as well as the Miss Universe Philippines NFT collection both used the new platform to mint NFTs.
In the KOGs NFT universe, however, 99% of the minting happens from pack openings. But that’s about to change with the introduction of the KOGs Mint Lab! The new platform from RFOX Games will allow NFT owners to mint up to five new assets every month.
The program is bringing a plethora of benefits to KOGs owners. If you’ve been holding, maybe even staking, your rewards are about to increase.
Mint your own
To make new NFTs, you first need an NFT to use as a model. We can see from the Bored Ape example in the team’s weekly blog that minters will use a digital asset they already own, then give it a new border to transform it into a KOG.
You pay 0.02 ETH plus gas every time you mint one of your 5 monthly NFT allotments. For every participant, RFOX Games pulls in a maximum of 0.1 ETH per month, then uses half of the proceeds to do some sweeping.
What that means is the funds will go to the purchase of 2nd + 3rd edition KOGs NFTs, straight from secondary marketplace AtomicHub. But not just anything that looks interesting; they’re skimming the bottom.
Get out the broom
At the time of writing, the floor price for a 2E KOG is an Ancient Battle Slammer for 0.39 $WAXP (0.17 USD), while the bottommost 3E KOG, the common Cook, comes in at 0.4 WAXP.
KOGs like these will be snatched up from the new Mint Lab mechanic. After collecting hundreds if not thousands of KOGs and Slammers, the team will have a burning ceremony to sacrifice everything plucked from the price floor.
Minting your own NFTs to sell is an exciting concept. This is creating an ETH-based asset and bridging it over to the WAX blockchain. Bored Apes meets KOGs is about to become a thing.
And for about 86 USD per NFT, plus gas, you have the ability to mint digital assets for trading, selling, and in-game action. Game on!