KardiaChain’s SEA Project Highlight #2 :
DISCLAIMER: THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT A RECOMMENDATION TO PURCHASE ANY ASSETS. ANY PURCHASES MADE IN THE PROJECT MENTIONED BELOW ARE DONE SO AT YOUR OWN RISK. THIS IS NOT FINANCIAL ADVICE.
Overview: RedFox (RFOX)
- RFOX is developing infrastructure for Metaverse Tech. The company utilizes blockchain technology, artificial intelligence (AI), and augmented reality/virtual reality (AR/VR) to leverage solutions to the existing problems businesses face in the region.
- The company developed ventures addressing high-demand consumer services such as e-commerce, e-media, and e-sports/gaming.
- These are their multiple different ventures - RFOX Games, RFOX Finance, RFOX Media, RFOX NFTs, and RFOX E-commerce Streaming.
- All the ventures that RFOX is working on will be accessible via their Metaverse called RFOX VALT.
- Ben Fairbank (CEO): Ben has over 20 years of global experience in the Telecommunications, Customer Experience and Contact Centre industry
- Glen Pearce (CSO): Glen’s leadership career spans more than 15 years and industries such as blockchain, e-commerce, and retail.
- Peter Seow ( CTO): A 20-year veteran in the IT space, Peter served as a solutions architect for application & infrastructure for 13 years.
Targeted Demographic: Why Vietnam?
- The company chose to locate in Vietnam because it’s one of the fastest-growing economies in Asia.
- It is one of the top 5 countries when it comes to Crypto Adoption
- RedFOX sees itself as getting in early to Vietnam, which is poised for explosive growth, and will be there before “the crowds come”
- Vietnam doesn’t allow businesses to replace the local currency with anything else to purchase goods or services, Fairbank said, so RedFOX sees a system where users pay in fiat but the RFOX token is used at an underlying level.
Overview: RFOX’s Product Offering
- This is the core offering of RedFox, They are building a complete Metaverse experience which showcases all products and services offered across the ecosystem on one central platform.
- SHOPS - Virtual spaces for businesses. AVATARS - Virtual Identities for users. Quartermaster - User responsible for managing assigned quarters.
- RFOX token holders can participate in various economic activities within the RFOX VALT, including the purchase of NFTs and other assets featured in the metaverse, the placement of bids for SHOP auctions, the rental of various spaces within the virtual space, and more.
- This venture was founded with the vision of creating an ecosystem of interoperable tournament-based games that utilize emerging technologies.
- It focuses on the play-to-earn (P2E) business model for the mobile gaming space.
- Currently, you can use RFOX tokens to purchase KOGs (Keys to Other Games), which are collectable, playable, and tradable non-fungible tokens (NFTs).
- You can also earn RFOX tokens on KOGs: SLAM! by exchanging KOINS (in-game currency), a free-to-play, play-to-earn blockchain game.
- This venture engages in decentralized financial markets.
- Users will be able to access DeFi (decentralized finance) products such as swapping, supplying liquidity, yield farming and single asset token staking
- This venture aims to empower RFOX holders to utilize DeFi products and services to access previously untapped revenue streams.
- Recent products include staking pool and liquidity mining on Binance Smart Chain
- The team has developed a Whitelabel NFT Solution for buying and launching NFT collections.
- Buying and selling NFTs through this NFT solution will require the use of RFOX tokens.
- The team has released a version of MVP, you can read more about it here.
- This venture, which was formed from the acquisition of MyMedia Myanmar (an online media platform that reaches 13 million users) earlier this year, focuses on three pillars, Create, Play and Earn.
- RFOX MEDIA will allow users to earn rewards for creating content, playing games, and earning through participative contribution.
- RFOX tokens will feature prominently in the rewards and earning opportunities that this venture will launch in the near future.
RedFox is building the RFOX VALT metaverse and its ecosystem of supporting solutions. Shaping the future of the Internet in the metaverse through blockchain, virtual reality, NFTs, and immersive technology. You can learn all about their project from their website - https://www.rfox.com/
DISCLAIMER: THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT A RECOMMENDATION TO PURCHASE ANY ASSETS. ANY PURCHASES MADE IN THE PROJECT MENTIONED ABOVE ARE DONE SO AT YOUR OWN RISK. THIS IS NOT FINANCIAL ADVICE.
Researched by: Abhinav | KardiaChain