Hey Bro,
Glad you could make it back!
Just when you thought DeFi, with its billions of US greenbacks in Total Value Locked was getting high, here comes a new challenger.
You may or may not have heard of Axie Infinity, a video game taking over entire Southeast Asian countries with its play-to-earn kickback system. The idea is so simple: Play a video game and get rewarded for your time in the form of tokens. Then just trade those tokens for pesos or rupiahs or kyas. It’s your world, Bro Bro!
I bring up Axie and its million of dollars in weekly revenue to bring your attention to KOGs, made by RFOX Games, one of the successful ventures under the RedFOX Labs umbrella. KOGs the NFTs have been out for about a year. But KOGs the game is coming very soon, and bringing a play-to-earn model with it.
NFTs are a single element of their Metaverse, RFOX VALT. Many other ventures will connect to each other within this virtual realm, including DeFi, e-commerce with cashback rewards, and a next-level streaming platform with exclusive rights for Miss Universe competitions.
You can read the full article here, but I’ll leave you with this quote from the source material.
“Without the need for an intermediary, players from all walks of life can tap into the P2E economy to earn tokens.”
Meaning, anyone playing in the right ecosystem has the means to improve their finances while at the same time entertaining themselves. Play games, get paid, it’s that easy.
There are so many moving parts within the VALT but now we’re just waiting for it all to lock into place. I’ve said it before and I’ll say it again: Once everything clicks together my non-financial advice is, “token go boom!”
Stay safe out there, Bro!