RFOX (RFOX), formerly known as RedFOX Labs (RFOX), aims to offer an immersive metaverse experience across multiple blockchain networks for businesses in the retail, media, gaming, and other industries to establish a presence in the virtual world powered by blockchain technology. The RFOX ecosystem includes the RFOX VALT metaverse, RFOX NFTs, RFOX Games, RFOX Media, and RFOX Finance.

The project, founded by RedFOX Labs - a blockchain venture builder, is driving the future of the internet in the metaverse with the help of its innovative offerings developed using blockchain and virtual reality. Users can enjoy immersive experiences in the virtual world of the metaverse, such as shopping and gaming.

Businesses can use the platform to develop and launch non-fungible tokens (NFTs), Play-to-Earn (P2E) experiences, and decentralized incentivized content. In addition to rewarding users for playing games on RFOX Games, the RFOX ecosystem also supports projects enabling users to create and consume content and earn rewards for their participation.

$RFOX is the native cryptocurrency of the RFOX metaverse ecosystem and is available on Ethereum, BNB Smart Chain, and WAX networks. It has a total supply fixed at 2,000,000,000. The multichain digital asset is used to pay for transactions, purchase, trade NFTs, earn rewards for playing games and consuming content, and even participate in decentralized finance (DeFi) activities.

As discussed above, the RFOX platform includes the following:

RFOX VALT

This is a multi-chain standalone metaverse platform powered by VR technology and blockchain that businesses can leverage to offer an immersive virtual experience to their consumers. It aims to drive mainstream technology adoption by supporting gaming, e-commerce, entertainment, and more applications in its metaverse.

RFOX NFTs

This is a turnkey end-to-end solution that businesses and content creators can use to create and launch NFT collections. It is a multi-chain platform and NFT marketplace in the beta stage as of November 2022.

RFOX Games

RFOX Games offers an ecosystem of interoperable tournament-based games that started working on delivering mobile gaming opportunities developed on the blockchain infrastructure. The platforms first Play-to-Earn game was the Keys to Other Games (KOGs), a blockchain-powered game with collectible NFTs and a chance to battle in a PVP format to earn rewards.

RFOX Media

This RFOX venture offers products and services that support creating content online and consumption in an incentivized and decentralized model. Its RFOX TV lets content producers, consumers, and businesses collaborate to power the Create-to-Earn economy.

RFOX Finance

Designed for financial empowerment within the metaverse, RFOX Finance lets users earn rewards, conduct transactions, and enjoy the ease and convenience of DeFi. The platform can be used for staking, providing liquidity, yield farming, and token swapping, and it is integrated with the RFOX VALT metaverse.

The RFOX platform was developed and launched by blockchain venture builder RedFOX Labs in July 2018. The COO of the initiative was Ben Fairbank, whose previous experience included overseeing the economic expansion of Virgin, Ooredoo, and GRAB.

In 2019, the project started focusing on delivering foundation-building for upcoming solutions in the blockchain and crypto industry. RFOX Games was launched in August 2020, and its first offering, KOGs 1st Edition, went live in the same month.

RFOX Media went live in March 2021 following RFOXs acquisition of MyMedia Myanmar. In the same month, the project also launched the litepaper for RFOX VALT while partnering with Miss Universe Philippines.

RFOX Finance launched in May 2021, offering investors an opportunity to farm VFOX tokens. The website of the DeFi offering was launched in August 2021.

RFOX NFTs was launched in September 2021, and the debut collection on the platform was the official NFT collection for the Miss Universe Philippines event. The platform then launched more branded NFT collections by partnering with Reebok, A$AP Nast, and more.

The RFOX crypto is an attractive digital asset if you diversify your crypto portfolio into the metaverse, NFT, blockchain gaming, or DeFi projects. Rising interest in mainstream adoption of these sectors of the crypto industry could keep the RFOX to USD price supported in the market.

The RFOX price statistics could be boosted by higher adoption of the ecosystem by businesses and consumers. This could contribute to higher on-chain activity and increase the demand for the RFOX token, helping investors reap the rewards.

In addition, the price of RFOX could also register gains when RedFOX Labs announces new partnerships or investments. This could increase investor confidence in the project and encourage more crypto traders to buy and hold RFOX coin.

While it is possible to offer an accurate RFOX coin price prediction, several fundamental factors could influence price changes in the token. Here are some of them:

Level of Adoption

The value of RFOX token gets a boost as more businesses launch their decentralized projects or use the RFOX metaverse or other solutions to engage with their consumers. Launching experiences in the metaverse, P2E, or NFT space could encourage more users to hold and transact using the RFOX coin, supporting its price and market capitalization.

Upgrades and News Announcements

Whenever RedFOX Labs announces new upgrades to the RFOX platform, more chain integrations, bringing more features, there is an uptick in interest in trading RFOX among investors. In addition, news announcements about the platform receiving more investment or forging new partnerships with businesses could also support the price of RFOX crypto in the market and help it test its highest price.

Market Sentiment

Market sentiment is one of the most significant factors driving changes in a digital assets price, including the RedFOX Labs price. A positive or bullish sentiment encourages more buying action, sending the RFOX price on an uptrend to test its all-time high. On the other hand, a bearish sentiment or a risk-off mood in global financial markets could lower the price of RFOX coin in the market.

$RFOX is the native token of the RFOX metaverse ecosystem. It has the following uses:

Native Currency

As the native currency of the RFOX platform, it is used to pay transaction fees, such as purchasing goods and services on RFOX VALT metaverse, NFTs and digital collectibles on the NFT marketplace and RFOX Games, participating in gameplay, accessing online content on RFOX Media, and more.

Staking and DeFi Activities

RFOX token holders can also participate in DeFi services on RFOX Finance, including staking, providing liquidity, and yield farming, to earn rewards and generate passive income. You can consider investing in $RFOX to use the DeFi services and grow your crypto holdings.

Earn Rewards

As the incentive token of the RFOX ecosystem, you can earn rewards in $RFOX when you play and win games on the RFOX Games platform. You can also earn rewards in RFOX when viewing content on RFOX Media or contributing to DeFi transactions on RFOX Finance.

Crypto Asset to Trade and HODL

Trade the RFOX token against other digital assets to profit from changing market conditions. You can buy or sell RFOX against other crypto assets or hold it long-term if you believe in the future potential of the RFOX project. Be sure to check the real-time price of RFOX token, RFOX market cap, circulating supply, and 24-hour trading volume, and analyze the RFOX price chart before trading RFOX in the market.

There are several ways you can earn RFOX tokens. Here are the most popular options:

Trade RFOX

Trade RFOX against other crypto assets to profit from the volatility in the crypto market. Through careful technical, sentiment, and fundamental analysis of the RFOX price chart, you could increase your chances of placing winning trades and growing your RFOX holdings.

Play Games on RFOX Games

Participate in the P2E ecosystem of RFOX by playing games in the Player vs. Player (PvP) format. Buy in-game NFTs, pay fees to enter, and battle against other players for a chance to win rewards in $RFOX crypto. This is one of the most exciting ways to monetize your love for gaming and earn RFOX tokens.

Receive Rewards for Consuming Content on RFOX Media

Watch content on RFOX TV and earn rewards in RFOX for your efforts. The Create-to-Earn model of the platform enables businesses and content creators to offer more engaging experiences while rewarding you for engaging with their online content.

Sell Digital Collectibles on THE RFOX NFT Marketplace

You can mint your NFT collection on RFOX NFTs and sell them using the official NFT marketplace of the platform. Earn in RFOX when other users buy and trade your NFT collections in the market.

Stake $RFOX on RFOX Finance

Stake RFOX tokens in the various staking pools available on RFOX Finance. Grow your RFOX holdings on Ethereum and BSC ecosystems in a convenient and risk-free manner by locking in your tokens for a fixed duration.

Staking $RFOX is a lucrative and convenient way to earn passive income and profit from holding RFOX crypto. Heres how to stake RFOX tokens on RFOX Finance:

1. Visit the RFOX Finance app and connect your wallet to the interface. Ensure your wallet is sufficiently funded with $RFOX tokens by buying the crypto on BYDFi or other supported platforms and withdrawing them into your wallet.

2. Click on the Pools tab to view all available staking pools on Ethereum and BSC networks.

3. Review the staking pools, their latest APYs, and lock-in periods to find the staking pool you wish to harvest your RFOX tokens.

4. Select the staking pool of your choice and enter the number of RFOX tokens you wish to stake. Confirm the transaction by processing it with your wallet.

5. Sit back, earn staking rewards, and watch your $RFOX holdings grow through this process.