RFOX

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RFOX
IndustryInternet
Founded2018; 6 years ago (2018)
Founder
  • Ben Fairbank
  • Glen Pearce
HeadquartersHo Chi Minh City
Key people
  • Wade Lueders (COO)
  • Lei Dong (CFO)
  • Peter Seow (CTO)
Websiterfox.com

RFOX is a metaverse-building startup company founded in 2018. It is primarily focused on creating immersive experiences and digital inclusion by leveraging retail, media, gaming, and rewards.[1] The RFOX VALT metaverse is the primary component of RFOX's ecosystem, serving as the convergence point for the company’s various products and services.[2]

RFOX has gained massive public attention for its unique concept and inclusive approach within a short time. This metaverse's standout feature is that users can sign up quickly, be rewarded for their participation, and finally gain access to the digital market with minimal effort on their part.[3]

History

RFOX was founded in 2018 by Ben Fairbank, the CEO, and Glen Pearce, the Chief Strategy Officer. Before forming RFOX, Fairbank had extensive executive experience in spearheading growth for Virgin, Ooredoo, and Grab, among other companies. At the same time, Pearce’s leadership career spans more than 15 years across blockchain, e-commerce, and retail. Since its foundation, RFOX has built many enterprises across high-potential verticals in the broader tech industry, including e-gaming, digital finance, online media, non-fungible token (NFT) assets, and e-commerce. These ventures form an ecosystem that interacts in a metaverse named RFOX VALT.[4][5]

The company also created the RFOX token, a utility token that serves as the primary cryptocurrency of the RFOX ecosystem. Users can pay for the services offered in RFOX’s ventures using the RFOX token, which is currently available on Ethereum and Binance Smart Chain blockchains. In addition, the company offers VFOX, a rewards token that grants holders a share of the revenues generated within the RFOX VALT metaverse.[6]

RFOX VALT

RFOX VALT is an entirely immersive, virtual reality-driven retail and entertainment experience in the metaverse that incorporates gaming components, combining the best-in-class of crypto via NFTs with real-world applications like e-commerce, gaming, entertainment, and more. The RFOX VALT metaverse is made of a central hub and four quarters, each with different themes and unique features. In 2021, RFOX VALT unveiled Callinova, the art-themed quarter, and Arkamoto, the gaming quarter. Auctions were held for virtual land in Callinova in September 2021 and in Arkamoto on in December 2021.[7]

Currently, RFOX’s team is working on launching an auction for virtual land on the RFOX VALT’s music-inspired quarter and its adjacent marketing campaign, as well as the introduction of the metaverse’s final quarter and the eventual launch of the entire virtual space.[8]

Products and services

The various ventures RFOX operates include

RFOX Games

This segment was founded to establish a fully functional ecosystem of interoperable and tournament-based games that leverage emerging technologies. It concentrates on the popular play-to-earn (P2E) business concept.[9] RFOX tokens can be used to purchase Keys to Other Games (KOGs), gaming NFT assets that are trade, collectible, and playable. Users can also acquire them by playing KOGs: By swapping the in-game currency in SLAM!, a blockchain-based game fashioned by the 1990s' POGS game (KOINS).[10]

RFOX NFTs

RFOX has also developed a platform that enables companies to offer exciting NFT assets with a smooth launch. RFOX NFTs was recently selected as the exclusive technology provider for an exclusive NFT collection from Reebok and rap-fashion star ASAP NAST's NST2 brand.[11]

RFOX Media

RFOX founded this venture after acquiring MyMedia Myanmar, an online media platform with a reach of over 13 million followers on social media, making it the leading digital marketing company in the country.[12] It aims to provide a platform that allows users to earn incentives for creating content, playing games, and participating in general.[13]

RFOX Finance

This venture provides decentralized finance (DeFi) services, including staking and liquidity pools. These crypto-financial services generate VFOX rewards tokens and provide a way for RFOX token holders to maximize their holdings.[14]

References

  1. ↑ "RFOX: Building The Metaverse For All". CryptoPotato. 8 December 2021. Retrieved 5 January 2022.
  2. ↑ "CoinGecko Joins the RFOX VALT as a Marquee Client as It Enters the Metaverse". finance.yahoo.com. Retrieved 5 January 2022.
  3. ↑ "RFOX Takes On Competitors As It Builds A Metaverse For Everyone | Bitcoinist.com". bitcoinist.com. Retrieved 5 January 2022.
  4. ↑ "Reebok and A$AP NAST Drop Limited-Edition NFTs on RFOX's NFT Platform". finance.yahoo.com. Retrieved 5 January 2022.
  5. ↑ "One of the metaverse's Big 3 companies grows over 1000% in a year". Cointelegraph. Retrieved 5 January 2022.
  6. ↑ "RFOX Announces Successful VALT SHOP Sale And A Stronger Brand". einnews.com. Retrieved 5 January 2022.
  7. ↑ "A 'Picks & Shovels' Strategy for Profiting from the Metaverse Gold Rush | Hacker Noon". hackernoon.com. Retrieved 5 January 2022.
  8. ↑ "Top 11 Metaverse Coins With a Unit Price of Under $10". The VR Soldier. Retrieved 5 January 2022.
  9. ↑ "RFOX Press Releases". www.rfox.com. Retrieved 5 January 2022.
  10. ↑ "RedFOX Labs taps AIKON's cross-blockchain ID solution for play-to-earn game ecosystem » CryptoNinjas". CryptoNinjas. 2 December 2021. Retrieved 5 January 2022.
  11. ↑ "RFOX Games Appoints New Head of Business Development To Strengthen Presence in Southeast Asia". finance.yahoo.com. Retrieved 5 January 2022.
  12. ↑ "miss-universe-ph-nft-red-fox". bitpinas. Retrieved 5 January 2022.
  13. ↑ TechBullion, Angela Scott-Briggs (8 September 2021). "RFOX Games Releases Closed Beta Test of KOGs Slam!, First 5,000 Early Testers will earn $RFOX tokens and win prizes". TechBullion. Retrieved 5 January 2022.
  14. ↑ "ICON partners with RFOX to enter the Metaverse and push technological boundaries". Cointelegraph. Retrieved 5 January 2022.

External links

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