Metaverse builder RedFoxLabs announced the launch of the newest quarter of its upcoming RFOX VALT metaverse, Arkamoto, a gaming-inspired virtual space that’s open to all businesses. To spearhead this launch, RFOX VALT has set the auction of 25 available SHOPs in the gaming quarter on December 9th. RFOX formally unveiled the RFOX VALT in September 2021, when it launched the RFOX VALT SHOP Auction in the metaverse’s arts-inspired quarter, Callinova. During this auction, all 25 SHOPs, or virtual spaces dedicated to metaverse-based shops for various businesses, were sold for a total of 29,503,803 RFOX, which was worth $1.4 million at the time.
“The metaverse will change the way we will interact with people, shop for products and services, and experience entertainment,” said Ben Fairbank, Co-Founder of RFOX. “We are excited to welcome the newest participants of the metaverse through our SHOP auction for the Arkamoto gaming-inspired quarter of the RFOX VALT. Together, we will be the pioneers that will have a key advantage as the world capitalizes on metaverse technology in the coming years.”
The RFOX VALT is a fully immersive, virtual reality-driven retail and entertainment experience in the metaverse. It combines gaming elements, bringing together the best-in-class of crypto through NFTs and real-world applications of e-commerce, gaming, entertainment, and more.
During the upcoming auction, a total of 25 SHOPs will be available for sale to interested parties. Auction winners will get their SHOPs in the form of NFTs, which will give them access to tools for customizing their 3D SHOPs with different interior designs and textures, as well as managing their NFT assets on sale. For this round, SHOPs will be available for sale in exchange for ETH, which will be used as the cryptocurrency of choice for the auction. RFOX intends to use the ETH collected from the auction to buy back RFOX from the market.
(All information was provided by Yahoo! Finance)
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