RedFOX Labs’ price is up over 10% today as the market is showing bullish momentum. Recently, we’ve received details on the upcoming Reebok NFT drop, which will use RFOX tech. With a market cap of $396 million and a 24-hour trading volume of $21.9 million, RFOX has got the market’s attention. What Is RedFOX? What does the Reebok partnership entail? Let’s find out.
What Is RedFOX?
According to its official website, RedFOX Labs is building the metaverse for everyone.” Its vision is to be the global leader in immersive metaverse experiences focused on retail, media, gaming, and rewards.
RedFOX features a token called RFOX, which powers the entire ecosystem and acts as payment. RFOX is also the token used for trading fees, liquidity pools, and NFTs.
RedFOX Labs features the RFOXVALT, a virtual space featuring 25 premium shops. RFOXVALT is a fully immersive discovery shopping and retail experience combining gaming elements and forms of the RedFOX Metaverse.
RedFOX Reebok Partnership
Details regarding the upcoming Reebok partnership come amid a tweet posted by Davie Darko, Co-Founder of Void Cyber:
Keep your eyes out 12.01.21 for more! 🔥❄️🍃
— Davie Darko (@DavieDarkFlow) November 29, 2021
Void Cyber is a creative team of experts who have worked with Nike, Louis Vuitton, Playboy, Converse, Reebok, and much more.
According to the tweet, the NFT drop is scheduled for December 1st and will be open to the public.
Davie Darko also said that the NFT drop will be done using RFOX tech, and “is a great step in getting a huge company using RFOX technology for a campaign, and will open the door for more opportunities of the same caliber.”
Cryptocurrency is going mainstream as more and more influential brands join the ecosystem. Last month, we saw Death Row Records release an NFT drop on Crypto.com. The upcoming Reebok partnership is one of the most iconic partnerships in crypto, and it’s great to see the company chose RFOX tech to launch their collection.
RedFOX Price & Tokenomics
At the time of writing, RFOX is trading at $0.29, up 10% in the past 24 hours. RFOX has a total market cap of $391 million with a 24-hour volume of $21.8 million. Its total supply is 2 billion, with a circulating supply of 1.31 billion.
You can purchase RFOX on exchanges like KuCoin, Gate.io, and Uniswap. If you’re in the US, we recommend KuCoin or Uniswap.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.