In a single year, one of the metaverse's Big 3 firms increases by nearly 1000 percent.

Teams working on the metaverse idea are tasked with delineating this uncharted region. Understanding the metaverse notion is difficult, especially because it does not yet exist, despite the fact that several industry pioneers are getting near. As the world becomes more linked, with services, goods, and capabilities merging into a unified experience, the metaverse emerges as an obvious successor to the internet and a notion that is rapidly approaching. However, many people's first instincts are formed by fictional movies, making it difficult to define the notion. Despite the fact that certain features of this notion are identical, the initiatives that are pioneering this space in the actual world are the ones with the capacity to define what this "metaverse" concept looks like and make it a reality for the average user.

Many individuals believe that the metaverse will usher in a future in which people are increasingly networked with one another, regardless of where they are or what activities they engage in, such as working or traveling. For example, a digital twin of an employee may exist who may explore a virtual workplace without ever having to visit a physical site, providing organizations with access to a global talent pool and people with new employment opportunities. This is only one example; the options are still open and can be changed as the pioneers see fit.

RFOX, a team created in 2018 with the goal of becoming the world's first metaverse firm, is one of these pioneers. Their goal was to bring together a variety of service offerings in an one location. The initiative has carefully examined ways to remove entry barriers, allowing anybody to quickly join and be rewarded for their engagement in the digital ecosystem.

RFOX shares' CEO, Ben Fairbank,

"While the metaverse concept may be new to many, it is one that we have been focused on for years, and seeing this industry sector gain widespread attention is validation that we were on the right track, and that what we are building will allow us to continue down that path and lead innovation over the next decade."

Perhaps the most distinguishing feature of the project is that, in addition to satisfying all the requirements, it incorporates VR and multi-chain components to enable genuine interoperability, which is essential for a whole experience.

The metaverse is alive and well.

Through the blockchain and associated technologies such as smart contracts, RFOX has brought the metaverse concept to life in an interactive shopping and entertainment experience that merges gaming components, such as virtual reality, artificial intelligence, digital products, and other. The virtual area, dubbed the RFOX VALT by the project, is a linked hub with a focus on e-commerce and entertainment, including live performances, e-sports competitions, rides, and other such activities.

In practice, each user will utilize a virtual avatar to travel through the RFOX VALT. This avatar can visit a number of SHOPs, or stores, where they can engage with the owner, who is effectively another user. Each SHOP owner will have their own SHOP dashboard, which they may use to customize their shop. These shopkeepers may also run their own enterprises. Brands like CoinGecko are a good illustration of this. CoinGecko has taken advantage of this chance to engage as a marquee client, allowing them to provide their products and services through RFOX VALT in new media such as virtual reality. Other key partners, such as Icon, will have a dedicated gallery and office space in RFOX VALT, where they may form new social connections in a virtual reality setting.

On the gaming front, players will be exposed to Arkamoto, which is a mix of the words "arcade" and "Nakamoto." Players in Arkamoto may engage in a variety of gaming-specific venues to compete in live e-sports competitions. Arkamoto will be sold on December 9, 2021, according to the team. All facets of gaming revolve around the play-to-earn paradigm, which compensates gamers for their online gaming prowess. The KOGs: SLAM! game, for example, is now available and offers players new ways to build wealth and take advantage of digital finance's prospects, particularly in emerging nations.

RFOX INSIGHTS ARE AVAILABLE HERE.

All transactions will be conducted using the RFOX token, which will serve as the ecosystem's primary payment method and a crucial store of value as users acquire in-game land and other virtual goods. The ability to expose all offers in one unified platform and engage accordingly is a fundamental feature across various experiences.

Becoming a member of the "VALT"

RFOX has grown significantly via acquisitions and venture development to date. Their success can be seen in the price of their RFOX token, which has increased by as much as 1000 percent in the last year. Despite this rise, RFOX is still seen to be undervalued in comparison to its metaverse contemporaries, implying that its full potential has yet to be realized.

Share: