RedFOX Labs has released previews of the virtual space which they are calling 'RFOX VALT'.
RedFOX Labs is an emerging-tech internet company that identifies and builds business models for Southeast Asian markets. The company describes itself as “a tech-forward venture builder that brings the world into a new era of technology and prosperity by delivering companies and platforms that are secure, scalable, and innovative.”
RFOX VALT is a virtual commercial interoperable sandbox, that RedFOX Lab's many ventures plug in to. It is a fully immersive virtual ecosystem that offers users a unique experience, coupled with the capacity to transition traditional commercial enterprises into a virtual ecosystem built upon unique NFTs that emulate real-world economies. Shopfronts, billboards, art, games, meeting places and many other offerings that are subject to the imagination of RFOX VALT pioneers.
The $RFOX token will be the universal currency for settlement within 'RFOX VALT'. A settlement layer will be integrated giving users the ability to purchase $RFOX via traditional payment methods.
RedFOX Labs 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 is the RedFOX Labs token, on the Ethereum platform. Merchants will initially receive $RFOX from sales but have the option to automate settlement back into their local fiat currencies. Furthermore, in the future, users that purchase through the RFOX VALT may be rewarded with up to 8% cashback incentive.
The RFOX VALT offers a range of commercial, recreational, and employment opportunities in the future. Both merchants and users will use a virtual avatar to navigate the RFOX VALT. When entering a shopfront, the customer will be greeted by a merchant avatar controlled by another end-user.
"We are building a future that I am extremely excited about. It is a big and complex vision with many moving parts, but we are starting with one step at a time, and we are extremely proud to present you what we believe is not only the future of our ecosystem, but will also redefine digital inclusion, e-commerce, and immersive experiences", Ben Fairbank, CEO and Co-founder of RedFOX Labs, said.
Indeed, the RFOX VALT is unique in that it is a central hub, building the foundations of a virtual world economies with limitless possibilities. (Source: RedFOX Labs)