Trending...
- RNHA FL Unveils Bold New Leadership Ahead of 2026 Elections
- Rep. Gina H. Curry and Dr. Conan Tu Inspire at Kopp Foundation for Diabetes Hybrid Fundraising Gala and National Leadership Forum
- Restoration Dental Introduces YOMI Robot for High-Precision Implant Surgery in Oklahoma
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 instances. 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]
More on PrAtlas
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, Red Fox is giving individual investors a significant voice in dictating the future of the retail metaverse they 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 RedFOX aims 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, RedFOX 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 to you what we believe is not only the future of our ecosystem, but will also redefine digital inclusion, e-commerce, and immersive experiences."
More on PrAtlas
To participate in the first SHOP auction for the RFOX VALT Metaverse, please visit https://www.rfoxvalt.com
About RedFOX Labs:
RedFOX Labs is a venture builder based in Southeast Asia, that identifies and builds successful business models for the region's emerging 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 token on the Ethereum platform.
Website: https://www.redfoxlabs.io/rfox
Facebook: https://www.facebook.com/redfoxlabs.io
Twitter: https://twitter.com/redfoxlabs_io
YouTube: https://www.youtube.com/channel/UCjSvr6RFSMlN00...
RFOX Games Twitter: https://twitter.com/RFOX_GAMES
Media Contact:
yourPRstrategist.com, asiatokenfund.com
pr@yourPRstrategist.com
References:
[1] https://www.kedglobal.com/newsView/ked202107080010
[2] https://www.washingtonpost.com/video-games/2021...
[3] https://www.gamesindustry.biz/articles/2021-08-...
[4] https://www.reuters.com/business/exclusive-cryp...
[5] https://www.youtube.com/watch?v=9SPlEH3TmLs
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 instances. 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]
More on PrAtlas
- UK Website Launches "Toy Time Machine" — Find Your Childhood Christmas Toy in One Click
- $73.6M Pipeline, $10M Crypto Play & Legal Firepower: Why Investors Are Watching Cycurion (N A S D A Q: CYCU) Like a Hawk
- Grammy award-winning Cuban-Canadian artist Alex Cuba releases his 11th studio album, "Indole"
- Thread Advisory Group Launches to Help Retailers Turn Strategy Into Lasting Results
- QView Medical and Eve Wellness Announce Partnership to Advance Direct-to-Consumer Breast Cancer Screening With FDA-Approved AI
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, Red Fox is giving individual investors a significant voice in dictating the future of the retail metaverse they 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 RedFOX aims 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, RedFOX 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 to you what we believe is not only the future of our ecosystem, but will also redefine digital inclusion, e-commerce, and immersive experiences."
More on PrAtlas
- New Article Reveals Common Pricing Pitfalls in Flooring Projects — And How to Avoid Them
- Airbus Defence and Space and Omnitronics Sign MoU to Advance Interoperability in Critical Communications
- White Glove Restoration Sends "Help in Boxes" to Support Communities in Ghana
- NASA Agreements, New Ocean Exploration Applications Added to Partnerships with Defiant Space Corp and Emtel Energy USA for Solar Tech Leader: $ASTI
- Chic and Secure: The Blue Luna Debuts Stylish Keychains with Purpose
To participate in the first SHOP auction for the RFOX VALT Metaverse, please visit https://www.rfoxvalt.com
About RedFOX Labs:
RedFOX Labs is a venture builder based in Southeast Asia, that identifies and builds successful business models for the region's emerging 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 token on the Ethereum platform.
Website: https://www.redfoxlabs.io/rfox
Facebook: https://www.facebook.com/redfoxlabs.io
Twitter: https://twitter.com/redfoxlabs_io
YouTube: https://www.youtube.com/channel/UCjSvr6RFSMlN00...
RFOX Games Twitter: https://twitter.com/RFOX_GAMES
Media Contact:
yourPRstrategist.com, asiatokenfund.com
pr@yourPRstrategist.com
References:
[1] https://www.kedglobal.com/newsView/ked202107080010
[2] https://www.washingtonpost.com/video-games/2021...
[3] https://www.gamesindustry.biz/articles/2021-08-...
[4] https://www.reuters.com/business/exclusive-cryp...
[5] https://www.youtube.com/watch?v=9SPlEH3TmLs
0 Comments
Latest on PrAtlas
- Jaipur Countryside, 4-Star Comfort: $199 for Two— All-Inclusive with Meals + Transfers at Heritage Hotel Savista
- Probate Shepherd® Announces a New Member Probate Attorney in Fort Worth, TX
- Phinge Announces "Test the Waters" Campaign for Potential Regulation A+ Offering: Home of Netverse Verified AI & Patented App-less Technology Platform
- RJ Grimshaw Launches "The AI EDGE" A Practical Guide Where Leadership Meets Innovation
- Probate Shepherd® Announces a New Member Probate Attorney in Sugar Land, TX
- Live Good Leads with Love: Creating Opportunity, Protecting the Vulnerable and Inspiring Hope
- Probate Shepherd® Announces a New Member Probate Attorney in The Woodlands, TX
- Probate Shepherd® Announces a New Member Probate Attorney in Conroe, TX
- Taraji P. Henson's Boris Lawrence Henson Foundation (BLHF) Announce 5th Annual Can We Talk? Arts & Wellness Summit and "i AM The Table Benefit Brunch
- Mullins McLeod Surges Into SC Governor's Race with $1.4 Million Raised in First Quarter; Most from His Own Commitment, Not Political Pockets
- Mensa Members Put Brainpower to Work for Literacy
- Rep. Gina H. Curry and Dr. Conan Tu Inspire at Kopp Foundation for Diabetes Hybrid Fundraising Gala and National Leadership Forum
- Elliott Expands Investment Services with Naviark App Launch
- Restoration Dental Introduces YOMI Robot for High-Precision Implant Surgery in Oklahoma
- Elite Rooter Creates Jobs and Expands Reach Coast to Coast with New Tampa, FL Plumbing Location
- "Super Leftist", the new poetry book by Pierre Gervois
- RNHA FL Unveils Bold New Leadership Ahead of 2026 Elections
- ASI Honors Client Achievements at 27th Annual iNNOVATIONS Conference
- Lightship Security and the OpenSSL Corporation Submit OpenSSL 3.5.4 for FIPS 140-3 Validation
- WADA AWARDS - where Diamonds melt into glamour