Short Guide to the Arkamoto Virtual Land Sale

By RFOX VALTDecember 07, 2021

If you’re interested in buying a SHOP in the RFOX VALT, we will help you to stay ahead of the curve, as the world becomes more engrossed in the metaverse landscape. Today we will look at the how, the why, and the when of the upcoming sale. 

RFOX is about to take the metaverse to a whole new level. The virtual land sale of SHOPs, within the newly created gaming-inspired quarter Arkamoto, will take place on December 9th, beginning at 12pm GMT+8. Arkamoto will play host to venues purpose-built for e-sports, gaming tournaments, easter-egg hunts and much more.    

With the auction approaching quickly, it’s important that you are informed, have your strategy prepared, and understand what type of SHOP you are bidding for.   

Every SHOP in the RFOX VALT is a virtual land space 

Each SHOP in the auction is a virtual space, and the ownership is represented by an NFT. The winning bidder for each SHOP will receive an NFT and later will be granted access to a SHOP Owners Portal so they may begin customizing their space. It is important to secure the NFT once it’s received as this will act as your proof of ownership. 

Many land sales are for an empty block of land, and it is then up to you to build, create, find designers, and go through an exhaustive process to begin operations. At RFOX we have made sure that isn’t the case for our SHOP owners. Each SHOP already has a fixed external template, which can be viewed prior to the auction and the internal layout of the SHOP can be customised to suit your requirements.  

As a SHOP owner, you are provided with the tools needed to create NFTs, display them and offer them for sale or trade.  

The possibilities with RFOX VALT are truly limitless. As a SHOP owner, you have complete creative and business freedom. You have the choice of being an owner operator, or a landlord and rent it to businesses, individuals, communities, and brands. The SHOP's value as an NFT can be realised through sales, events, marketing activities, community headquarters, NFT sales, and much more.     

If you'd like to know more about the law of the virtual land on RFOX VALT, you can find further information in this guide.

The meaning behind Arkamoto

There's a reason why RFOX chose this name for the gaming-themed quarter. 

  • "Ark" was inspired by the word "arcade," which stands to reason as this is the gaming-themed quarter of the VALT. As our NFT collection KOGs will be heavily featured in the virtual space, it is important we use a K instead of a C and it also provides a better flow into the meaning of the second part of the word. 

  • "Kamoto" is an extraction and in honour of “Satoshi Nakamoto”, the pseudonym of the creator, or creators of Bitcoin, the first and largest cryptocurrency. 

Just because Arkamoto is gaming-themed, doesn’t mean your SHOP has to be related to gaming. The quarter themes are to give each a distinct look and feel and as stated, will play host to gaming related events and activities. 

The first SHOP sale in the RFOX VALT

Although it is difficult to predict what a SHOP will sell for in the upcoming auction, we can confirm that the RFOX VALT’s first SHOP sale was a success, and the first 25 SHOPs within the  Callinova were sold for a total of 29,503,803 RFOX, which was worth USD 1.4 million at the time of the sale. As of this writing, on December 1, this RFOX total grew in value to USD 8.3 million. 

The main attraction of SHOPs in RFOX VALT 

The RFOX VALT allows its SHOP owners to tap into not only the tools it provides for setting up your SHOP but in addition, it allows you to plug into a network of users from across the RFOX ecosystem, of which many are already familiar with NFTs, digital items and the type of transactions that will take place in the metaverse.   

Having a ready-made audience, access to cutting edge technology and being able to offer your customers an immersive experience, gives you a significant advantage over your competition.   

The RFOX VALT's SHOPs are extremely limited in supply. Other virtual worlds typically just expand and create additional land and spaces, but the RFOX VALT is limited to the number of SHOPs in each quarter. They are as follows:  

  • 25 SHOPs per quarter for public auction  

  • 2 SHOPs per quarter for marquee brands  

  • 3 SHOPs reserved for RFOX ventures and partners 

Compared to the land supply of other metaverse projects, including The Sandbox (166,464 LANDs) or Decentraland (90,601 LAND parcels), the 100 SHOPs for sale in the Genesis RFOX VALT have proven scarcity.

Bid for a SHOP in the auction on December 9, 2021, at 12:00 PM (GMT+8)

To participate in the upcoming Arkamoto SHOP auction, you will need ETH, which is the cryptocurrency of choice for the auction. Here's how you can do it: 

  1. Use either MetaMask, Trust Wallet, or WalletConnect as your crypto wallet to top up and buy ETH. 

  2. Connect your wallet to the official auction website. 

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

The bidding price starts at 1 ETH for each shop. Each auction will last for 24 hours with the starting times staggered 30 minutes apart with the last SHOP auction closing at December 11, 2021 at 12:00 AM (GMT+8). Make sure your wallet is connected and stocked up with ETH before bidding.

Arkamoto SHOP sale tokenomics 

Here’s the breakdown of our sales distribution after the auction in ETH on https://rfoxvalt.com

Arkamoto Shop Sale Tokenomics

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