Longer before Facebook shared that they want to change their name to Meta, RedFOX Labs began coding the VALT metaverse.
NFTs will be very big inside this virtual world. There exists already an NFT platform that allows users to mint their own NFTs for sale and auction. The same platform minted the Miss Universe Philippines NFTs you can find on OpenSea and also the white label NFT platform itself.
Now the team is again using the platform but this time they are letting RFOX Games borrow it to help shrink the supply of KOGs using the upcoming Mint Lab.
This is very good for the KOGs collectors out there. That goes double for the 2nd edition pieces because some of the NFTs are already hard to find.
The new program lets users mint up to 5 NFTs every month but they have to pay 0.02 ETH per minting. New NFTs can be put up for sale on AtomicHub and their creators can earn income.
At the end of every month or so, RFOX Games will have a nice chunk of ETH tokens. But they don’t want to keep it all for themselves and instead will give half of it away with a unique program.
Half of all ETH collected goes to buying and then burning the 2nd and 3rd edition KOGs with the lowest prices. That’s why they call it sweeping the floor. This time the ETH is the broom!
Even the KOGs holders that don’t want to mint new KOGs using ETH will still benefit. It is not unusual for RFOX Games to collect 10 ETH during the first round of the program.
That would give the team 5 ETH or about $20,000 to use for buying KOGs. Maybe they will divide the buys equally between 2nd and 3rd edition but they didn’t say that yet. That will buy lots of KOGs!
We should see the prices of 2E and 3E begin to rise after some time. Tokens are coming out of circulation faster than the 5x mintings can do.
Do you have a Bored Ape as RFOX bought? Use it as a template to create KOGs then sell them for profit. To me, this all sounds like RFOX made for us a win win scenario again!