5 Things To Know About Owning RFOX VALT SHOP NFTs

By RFOX VALTDecember 02, 2021

Almost two months after the successful land sale of RFOX VALT’s art-inspired quarter Callinova, RFOX is back at it again, and this time, it’s all about Arkamoto - the gaming-inspired quarter within the RFOX VALT metaverse.  

The latest land sale will start on December 9, 2021, with 25 shops within Arkamoto going under the hammer in a public auction for a limited time.  

While the quarter’s aesthetics are gaming-inspired, the shops within it don’t have to be, so if you’re thinking of bidding for one, here are 5 things you need to know about owning an RFOX VALT shop. 

1. The Land Sale Is Where You Can Originally Bid for an RFOX VALT Shop  

If you’re gunning for a first-mover advantage in the RFOX VALT, your best bet is to bid for a shop during the land sale. Every shop within RFOX VALT is an NFT, so you get to have proprietary ownership over it if you are the winning bidder.  

This means that you also get to enjoy it in whatever way you prefer - whether you want to operate your own shop, lease it out to someone else, have a quartermaster lease it for you, or sell it on secondary marketplaces; the choice (and the power) is yours. 

Each of the four quarters in RFOX VALT has the following: 

  • 25 shops that can be owned by the public via the public land sale auction; 

  • 3 shops that are reserved for RFOX buildings;  

  • 2 shops are set for marquee brands. 

   

2. The Arkamoto Land Sale Will Be in ETH 

There’s one big difference in the upcoming Arkamoto public auction on December 9, 2021, compared to the previous Callinova land sale because bidding will be done in ETH instead of RFOX, and it’s all for 3 simple reasons: 

  • Tokenomics - The main reason why the latest land sale will be in ETH is because the ETH proceeds will be used to buy back RFOX tokens from the market. This is a strategic move to enhance the tokenomics of the RFOX token. 

  • Ease - It is easier to buy something with a cryptocurrency that’s available almost everywhere, and ETH, as the second biggest and most popular cryptocurrency next to Bitcoin, fits that description perfectly. It’s available in almost all exchanges, it is supported by major cryptocurrency wallets, and most importantly, it is the main transactional token in OpenSea - the main third-party marketplace for RFOX VALT NFTs.   

  • Convenience - By bidding via ETH, you don’t need to convert your cryptocurrency into RFOX and convert it again after the auction if your bid was not successful.  

 

3. Getting Set to Bid During the Arkamoto Land Sale 

While more information about the Arkamoto land sale will be released in the days leading up to the auction date, here are the essential things you need to prepare if you are thinking of bidding for a shop: 

a. Top up your crypto wallet and buy ETH. MetaMask, Trust Wallet, and WalletConnect are supported wallets for the auction. 

b. Connect your wallet to the official auction website. 

c. Once the auction is live, bid for your preferred shop. 

4. Buy an RFOX VALT Shop on OpenSea 

If you missed your shot in bidding for a shop during an RFOX VALT land sale, no need to worry - you can still own one by buying on secondary marketplaces like OpenSea.  

As mentioned earlier, winning bidders will get to own the RFOX VALT shop as an NFT, and if they decide to sell it, they can do so and buyers like you can take advantage of it. 

Here’s how you can do that: 

a. Create an account on OpenSea. 

b. Deposit ETH or RFOX on your OpenSea wallet. 

c. Go to “Collections” and select RFOX VALT (https://opensea.io/collection/rfoxvalt). 

d. Choose the RFOX VALT shop that you want to buy. 

e. Click “Buy Now” or make an offer. 

5. Sell Your RFOX VALT Shop on OpenSea 

The best thing about owning an RFOX VALT shop is you get to take part in the RFOX VALT metaverse, which is backed by an ecosystem of interoperable products and services powered by RFOX Games, RFOX NFTs, RFOX Finance, and RFOX Media. 

However, should the time come that you want to divest yourself of your RFOX VALT shop, it’s easy to do so by listing it on OpenSea. To do that, here’s how: 

a. Go to your OpenSea account  

b. Link your cryptocurrency wallet. 

c. Select the SHOP NFT from your collection that you want to sell. 

d. Click "Sell". 

e. Set a fixed price or choose a timed auction in ETH or RFOX. 

f. Click "Complete Listing". 

g. Confirm the signature request.   

If you’re interested in learning more about being a shop owner in RFOX VALT, make sure to follow RFOX Media in all social media channels for the latest updates. You can also check out our website at https://rfoxvalt.com/.  

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