Thread by @The_ReadingApe

Today we share the pod summary from @zima_red episode featuring @bennydoda01, the cofounder and CEO of @redfoxlabs_io 🦊. Find out more about Ben Fairbank and what this extraordinary company he had started is all about.

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@zima_red @bennydoda01 @redfoxlabs_io Origins

🔹 Co-founder of RedFOX labs 🦊 and RFOX games
🔹 Building an ecosystem that builds, invests & incubate companies related to crypto
🔹 C-level executive worked for Virgin, Ooredoo, Grab
🔹 Had to send money home as an expat, discovered cryptocurrencies is better

@zima_red @bennydoda01 @redfoxlabs_io Thoughts on NFT

🔹 Found it interesting but did not really get them
🔹 Talked to @Arclegger and realized that the effort and time spend on a game 🎮 can all be gone when the developers turn off their servers
🔹 Decided to build a 100% on-chain mobile 📱 game with him

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger Mission

🔹 Goal is for the mass adoption of crypto
🔹 Build interoperable businesses so that the metaverse can link them up
🔹 Build companies, get them operational, prove product-market fit, hire talents to run them

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger "So ultimately, the problem that we're trying to solve is how do we get this tech into people's hands without them having to go and get a PhD."

Benny

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger RFOX Games

🔹 First venture of RedFOX Labs
🔹 Released @KOGS_GG and it hit #1 on @WAX_io blockchain
🔹 Chose WAX because they have the infrastructure all ready
🔹 Future version will be platform agnostic

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io What are KOGs?

🔹 KOGs are Keys to Other Games — collectible, playable, tradeable NFTs.
🔹 KOGs act as in-game currency, unlock tournaments and skins
🔹 Provide VIP access to special events and virtual metaverses

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io Virtual shopping space

🔹 A platform to build retail shops to sell items, virtually and physically
🔹 Users can buy a share of the land and get a cut of the transaction volumes
🔹 You can buy a burger 🍔 in the metaverse and have the food delivered physically to your doorstep

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io Live streaming platform

🔹 E-commerce live streaming is a 63 bil industry
🔹 Good looking influencers on live stream selling products, with a call centre to answer queries
🔹 RedFOX Lab is planning to have a platform for streamers
🔹 Partnered with Lazada - Amazon of Asia

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io $RFOX Token

🔹 To power every transaction in their metaverse
🔹 Supply of 2 billion $RFOX to power a gaming industry, a virtual marketplace, e-commerce and streaming platform + 2 more unannounced industries
🔹 Just one token instead of many

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io Market strategy

🔹 Created a funnel system - projected 25 mil revenue in first 4 years
🔹 Better to be in the 3rd to 5th position in the market - less regulatory issues and lower cost to setup
🔹 Targetting 104 mil population between 25-26 yrs old in the Southeast Asian region

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io Raising Capital

🔹 Have connections to @SoftBank_Group who liked their idea
🔹 Decided against raising initially, shifted focus on getting revenue from day 1
🔹 Only investment they took was from @novogratz's Galaxy Digital
🔹 Building a sustainable model away from VCs

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io @SoftBank_Group @novogratz New product/news to share
🔹 Coming up with a platform that is uncensorable

Favourite NFT
🔹 Time traveller ⏲️ KOG
🔹 Massive time travel fan

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io @SoftBank_Group @novogratz The Time Traveler First Edition

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io @SoftBank_Group @novogratz Most controversial thought
🔹 NFT will take over the IP world

Things to improve
🔹 Interoperability - preferably all in 1 platform

NFT in 3 yrs time
🔹 Nobody really knows
🔹 NFT being just a vessel for putting artwork on is still very early
🔹 Potential is not realised yet

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io @SoftBank_Group @novogratz Links:

🔹 Podcast: anchor.fm/andrew-steinwo…
🔹 Substack article: thereadingape.substack.com/p/zima-red-ep-…

Thanks to @AndrewSteinwold for the great interview!

@zima_red @bennydoda01 @redfoxlabs_io @Arclegger @KOGS_GG @WAX_io @SoftBank_Group @novogratz @AndrewSteinwold Like our work?

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~ End Thread