Bringing retail into the Metaverse: Introducing RFOX VALT, an interactive shopping experience

Introducing RFOX VALT, virtual reality retail

HO CHI MINH CITY, Vietnam – When the NFT wave first hit the world, it brought into crypto a newfound surge of energy and interest from investors small and large. So far, the wave has shown no clear signs of stopping, and it has continued to draw fresh focus from the market, especially in the form of the novel phenomenon of “the metaverse”.

Big tech giants and gaming corporations are already making their own headways into the metaverse market, with gaming platforms like Roblox going public this year and social media apps like WeChat curating their own “2D Metaverse” for their users – a place for socializing, shopping and working with real world rewards and effects. Even Facebook has expressed its interest in the idea of transforming the social media platform into a metaverse platform, and Epic Games has rebranded itself a metaverse, rather than a game.

Now, Southeast Asian based RedFOX Labs has thrown its hat into the ring, with the RFOX VALT metaverse and its curation of SHOPs. RFOX VALT is an immersive virtual reality shopping experience that combines gaming elements with NFTs. RFOX VALT is a unique metaverse experience separate from the others, that brings the best in crypto through NFTs and real-world applications of entertainment, gaming and e-commerce. All assets, billboards and SHOPs are NFTs which create unique opportunities for people to interact, create and earn.

Owning an RFOX VALT SHOP can unlock all kinds of opportunities within one of the 120 SHOPS that make up the RFOX VALT. Investors interested in owning a SHOP can get one from the auctions available across the metaverse. For the metaverse’s first auction, RFOX VALT offered 25 SHOPs in the arts-themed Callinova quarter through the Ethereum network. RedFOX is giving individual investors a say in the vision of the retail metaverse they are building.

RFOX VALT will aim to merge AR and VR technology, including future AI technology, in addition to offering digital items, along with those issued through blockchain smart contracts and non-fungible tokens (NFTs). For now, the RFOX VALT will remain an international online platform for digital assets. As e-commerce grows deeper into the digital space and innovates, RedFOX will launch localized virtual spaces in Southeast Asian countries, where both digital and physical purchases can be made via RFOX VALT.

Ben Fairbank, Co-founder and CEO of RedFOX Labs said:

“We are building a future that I am extremely excited about. It is a big and complex vision with many moving parts… 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.”

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.

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