The RFOX VALT metaverse is all about various forms of entertainment. And for some, that means collecting NFTs resembling large animals.
A new purchase from team RFOX is going to expand the opportunity to turn your NFT collection into a virtual zoo! Last week they told us about welcoming Harambe into the VALT through a series of 10k NFTs themed after gorillas.
But this week, the team has announced the purchase of an NFT that’s not only minted already but carries much more street cred. Have you ever heard of the Bored Ape Yacht Club? If you’re not into NFTs, then you probably haven’t. But if you know anything about Ethereum’s NFT space, then you’re surely well aware.
The collection has drawn plenty of attention as of late. Some apes sell for well over $1,000,000 and even the famed Sotheby’s auction house hopped aboard the apey hype train.
But why would RFOX bother to purchase a single NFT for more than $100,000? Because the artworks brings a slew of benefits to the Ethereum wallet in which it’s held.
Members-only
Do you remember those snap-collar Members Only brand jackets from way back when? Maybe you thought you were cool if your parents could afford to buy you one. But besides staying warm, looking fashionable was the only benefit of the so-called “club.”
That’s not the case with the BAYC, though! On the surface, the collection looks like just another set of generative NFTs used for blinging-out your Twitter avatar. If that were the case, the fox-minded gents as gals at RFOX headquarters would not have bought one for use in the VALT.
Owning an Ape NFT opens doors that would otherwise remain closed. For starters, RedFOX Labs now has access to an area known as “The Bathroom” inside the BAYC compound, containing a collaborative graffiti board.
Networking opportunities can’t be overlooked, either! Compare 10,000 Bored Apes with MetaMask’s 10 million wallets and you can see how only a rare breed of like-minded individuals own a BAYC NFT. Plenty of NFT OGs own Apes, and now RFOX gets to mingle with them.
Perhaps the most interesting development coming out of the new announcement is the commercial usage rights. Bored Ape #5503 will certainly have plenty of use cases inside the VALT.
One of the VALT’s most prosperous and highly requested features is its white-label NFT platform, which has already minted VALT SHOP and Miss Universe Philippines NFTs. Where do you think all the new NFT-powered experiences inside the VALT will originate?
And let’s not forget the icing on the cake. Every transaction inside the VALT will settle through $RFOX token. All those NFTs minted in the metaverse, thousands upon thousands, are buyable only with $RFOX.
What’s so great about that, apart from bringing tremendous value and utility to the VALT’s native currency? I can sum it up with a few digits: $VFOX, now trading on RFOX Finance.
VFOX holders are already benefitting by staking tokens in RFOX Finance’s single-sided pool, with proceeds coming from September’s SHOP auctions.
You see, a portion of every transaction inside the VALT goes into a pool. A chunk goes to the team, another goes to the Quartermasters who maintain order. But the rest, 1% of everything, goes to VFOX holders.
By the way, like bitcoin itself, VFOX has a maximum supply of 21,000,000. Maybe you want to get some while you still can?