Wednesday, July 6, 2022
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Southeast Asian Venture Builder RedFOX Labs Launches First SHOP Auction for RFOX VALT Metaverse

by firstcryptonews
September 14, 2021
in Press Release
RedFOX Labs

HO CHI MINH CITY, Vietnam,  — Southeast Asian based RedFOX Labs has launched its first auction of SHOPs for the RFOX VALT metaverse, beginning on September 14, 2021, at 4:00 PM GMT+7, and lasting for 72 hours. The SHOPs being made available for bidding are in the Callinova art-themed quarter of the RFOX VALT metaverse.

RFOX VALT is a fully immersive shopping experience compatible with virtual reality. Combining gaming elements, RFOX VALT forms its own standalone metaverse experience.  It brings together the best in class of crypto through NFTs and real-world applications of e-commerce, gaming, and entertainment. All SHOP , assets and billboards are NFTs and create unique opportunities for people to earn, interact and create.

The debut SHOP auction for the RFOX VALT Metaverse is a significant part of a larger metaverse movement within the crypto space and beyond. The global metaverse market is expected to reach $280 billion by 2025, representing a growth of more than 600% from just $46 billion in 2020, according to Strategy Analytics Inc.[1]

Major tech and gaming companies around the world are joining the metaverse market, like gaming platform Roblox, which went public this year and had a market cap of $52 billion as of June 2021, and WeChat, which has already been called a 2D Metaverse where customers can do practically anything, from socializing and shopping to paying for things in the real world and communicating for work.[2] Meanwhile, Facebook has been vocal about transitioning from a social media company to a metaverse one, and Epic Games has recently raised $1 billion while stating that its hit game Fortnite is a metaverse instead of a game.[3]

This interest in the metaverse has also manifested in many institutional and individual  instance, billionaire crypto investor Mike Novogratz of Galaxy Digital recently took a lead investor role in virtual real estate developer Republic Realm, particularly its $10 million investment vehicle, through his venture capital arm Galaxy Interactive.[4]

Janine Yorio, Co-President and Managing Director of Republic Realm, commented:[5]

“There was such a groundswell of interest in digital real estate in the metaverse. We felt that creating an investment product that’s fairly straightforward for individual investors to participate…  would be something that would be met with a lot of positivity. We’re starting to invest in the metaverse platforms themselves in some infrastructure, so we’re just very enthusiastic about the metaverse space.”

With the RFOX VALT SHOP auction, we’re giving individual investors a significant voice in dictating the future of the retail metaverse we are building. Investors can own a virtual SHOP in RFOX VALT by participating in auctions that will be held for these assets. An RFOX VALT SHOP  can unlock unlimited opportunities within one of the 120 SHOPS that make up the RFOX VALT.

For the first auction, RFOX VALT is offering 25 SHOPs in the arts themed Callinova quarter through the Ethereum network. The Callinova quarter got its name from a combination of “Calli,” which represents calligraphy and is also inspired by the Jupiter moon Callisto, and “Nova,” after the supernova. The new name represents an artistic explosion of brightness, which is what we aim to achieve for this quarter.

RFOX VALT will endeavor to incorporate VR and AR technology, as well as future AI technology, in addition to offering digital items, including those issued through blockchain smart contracts and non-fungible tokens (NFTs). In its first iteration, the RFOX VALT will be a purely online platform offering digital assets worldwide. As e-commerce evolves further into the virtual space, we will launch localized virtual spaces in Southeast Asian countries, where both digital and physical purchases can be made via RFOX VALT.

Ben Fairbank, CEO, and Co-founder of RedFOX Labs commented:

“We are building a future that I am extremely excited about. It is a big and complex vision with many moving parts, but we are starting with one step at a time and we are extremely proud to present you what we believe is not only the future of our ecosystem, but will also redefine digital inclusion, e-commerce, and immersive experiences.”

To participate in the first SHOP auction for the RFOX VALT Metaverse, please visit website

About RedFOX Labs

RedFOX Labs is a venture builder based in  , that identifies and builds successful business models for the Southeast Asian markets. It is focused on unlocking the true market value of the Southeast Asian digital economy for high consumer demand services such as e-commerce, e-media, e-travel, and esports/gaming and focuses on adding value to the digital economy by building add-ons through blockchain. As a company, its value is tradable as the RFOX  on the Ethereum platform.

SOURCE: RedFOX Labs

PR & MEDIA CONTACTS:

Ken Nizam

– [email protected]

 

References:

1 – https://www.kedglobal.com/newsView/ked202107080010

2 – https://www.washingtonpost.com/video-games/2021/07/01/metaverse-investments/

3 – https://www.gamesindustry.biz/articles/2021-08-20-what-is-the-metaverse-and-why-is-it-worth-so-much-money

4 – https://www.reuters.com/business/exclusive-crypto-billionaire-novogratz-leads-funding-virtual-real-estate-firm-2021-06-30/

5 – https://www.youtube.com/watch?v=9SPlEH3TmLs

[1] https://www.kedglobal.com/newsView/ked202107080010

[2] https://www.washingtonpost.com/video-games/2021/07/01/metaverse-investments/

[3] https://www.gamesindustry.biz/articles/2021-08-20-what-is-the-metaverse-and-why-is-it-worth-so-much-money

[4] https://www.reuters.com/business/exclusive-crypto-billionaire-novogratz-leads-funding-virtual-real-estate-firm-2021-06-30/

[5] https://www.youtube.com/watch?v=9SPlEH3TmLs

Related Posts

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

by firstcryptonews
July 6, 2022
0

On June 20th, 2022, at 14:00 Korea Standard time (KST), GEEGOO PUZZLE’s GGP Token was listed on the global virtual...

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

by firstcryptonews
July 5, 2022
0

OnRamp emerges as the new payment solution powered by Coinweb’s blockchain-based technology Coinweb is proud to announce its fiat on...

Alternative Passive Income Streams As A Crypto Investor

Alternative Passive Income Streams As A Crypto Investor

by firstcryptonews
July 4, 2022
0

The crypto market can be very crazy. Today you are cashing out big time, and the next day, you could...

Innovative DeFi protocol SLEEP to Reward Users for learning about Health & the Importance of Quality Sleep.

Innovative DeFi protocol SLEEP to Reward Users for learning about Health & the Importance of Quality Sleep.

by firstcryptonews
June 30, 2022
0

The first Web3 lifestyle app that is urging people to improve their sleep and general health. There is no catch...

THE NAME THAT YOU SHOULD GET USED TO: METAU

THE NAME THAT YOU SHOULD GET USED TO: METAU

by firstcryptonews
June 28, 2022
0

METAU is a ready-to-deploy open metaverse platform designed by creatives and built to be accessible to all. It provides a...

Investing in the Brainpower Coinstore Labs, Coinstore.com makes a shining debut in the new era

Investing in the Brainpower Coinstore Labs, Coinstore.com makes a shining debut in the new era

by firstcryptonews
June 27, 2022
0

With the rapid development of the crypto industry, more and more high-quality projects are emerging. A new potential project needs...

Next Post
madtrooper

MadTrooper – The most awaited NFT drop of 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

CABITAL

Hedge against unrestrained inflation with crypto

7 months ago
HugCoin Leads FinTech Industry by Payment Protocol 2.0

HugCoin Leads FinTech Industry by Payment Protocol 2.0

1 month ago
Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

2 years ago
Metaverse Themed Party Cohosted by X10 Legends and DAO Successfully Concluded

Metaverse Themed Party Cohosted by X10 Legends and DAO Successfully Concluded

6 months ago
Match Token

Why MATCH Token Pre-Sale is Creating So Much Buzz

2 years ago
STASH Introduces Exciting Features for DeFi Along with Digital Banking Facilities Inside The Metaverse

STASH Introduces Exciting Features for DeFi Along with Digital Banking Facilities Inside The Metaverse

1 month ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

June 18, 2022

Press Release

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

July 6, 2022

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News