RFOX VALT SHOP Auction, the First 24 Hours: Highlights, FAQs, & More

We have just closed the auction for the first SHOP in the RFOX VALT SHOP sale for the Arkamoto gaming-inspired quarter. SHOP has been sold for 19.8 ETH (USD 82,456.11).

One down, 24 to go. Don’t miss your chance to get a SHOP. Bid ASAP!

SHOP Auction Statistics So Far

More than 24 hours have passed since the RFOX VALT SHOP auction for the Arkamoto gaming-inspired quarter has started, and it has been an eventful sale so far.

Across all 25 SHOPS being auctioned, we have recorded leading bids worth a total of 49.3472 ETH (USD 204,887). The highest bid is on SHOP 1. We expect this amount to rise quickly as the SHOP auctions close one by one.

Remember: The auction period for SHOP 1 closed on December 10, 2021, at 12 PM GMT+8. Auctions for the succeeding shops will close one after the other in 30-minute intervals, until the last auction closes on December 11, 2021, at 12 AM GMT+8. In other words, the best time to bid is right now!


5 Reasons Why You Should Own A SHOP Now

Still unsure whether you want to join the auction and bid for a SHOP now? We will give you five compelling reasons why you should.

1. SHOPs are some of the rarest virtual land in the metaverse.

The 100 SHOPs that are available for sale in the RFOX VALT have proven scarcity, especially when you compare them to other similar assets from other metaverse projects. For instance, The Sandbox offers a total of 166,464 virtual land assets, while Decentraland hosts a total of 90,601 virtual land parcels. In other words, owning a SHOP in the RFOX VALT will place you in a circle that’s more exclusive than virtual land owners in other metaverse projects.

2. Once this auction is done, the already-rare SHOPs will be rarer.

What’s more: 25 of the 100 SHOPs already have owners, thanks to our inaugural SHOP auction for the RFOX VALT’s Callinova art-inspired quarter last September. With 25 more being sold today, there will only be 50 SHOPs available next time. While a few SHOP owners will probably sell their SHOPs (more on that later), those SHOPs will likely be available at higher prices, so getting into the RFOX VALT early will likely be a better choice.

3. You’ll rub elbows with major blockchain projects.

Over the past few months, the RFOX VALT has entered into partnerships with some of the major brands in blockchain, such as CoinGecko, ICON, and Yield Guild Games, even before the full launch of the metaverse. Each of these established companies have big communities with people who are following their every move, and they’ll venture into the RFOX VALT to continue with their interactions. Having a wide reach of blockchain communities brought in by these marquee partners will be good for your SHOP, especially if you plan to…

4. Set up shop in the metaverse.

The metaverse is being touted as the Internet’s next frontier or evolution. An immersive virtual experience will open up unique business opportunities for businesses that are bold enough to build in the metaverse, particularly in the RFOX VALT. This early, we’re seeing the rapid growth of metaverse-like economies in games like Fortnite, where people spend more money on their avatars and in-game items. Imagine expanding that concept into more items like NFTs for art, gaming, music, business, entertainment, and more. An early foothold in the RFOX VALT metaverse puts you in a great position to leverage the future.

5. Use your SHOP your way.

Now what if you’re not planning to set up a business? You’ll still benefit from owning a SHOP. You can be a landlord in the metaverse and lease your SHOP to other businesses who are interested in opening a store in the metaverse. You don’t even have to be proactively seek a renter, because the RFOX VALT has Quartermasters who will help you find a renter, allowing you to just reap the benefits without worries. Of course, you will also have the freedom to sell your SHOP in third-party marketplaces like OpenSea. Either way, your SHOP will bring benefits to you in more ways than one.

We hope to see you in the metaverse.





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