Welcome to this week’s edition of Wealth Mastery. I hope everyone has been enjoying the recent gains as Bitcoin begins priming itself for phase 2 of the 600-day bull cycle. This week we’ll be looking at RedFOX Labs, a lesser-known project that started as a Komodo venture and recently began a pivot into the NFT and blockchain gaming space.
Introduction
RedFOX Labs is a blockchain based technology company founded in 2018 that identifies and builds proven unicorn business models for the emerging markets of Southeast Asia. RedFOX Labs create innovative and scalable solutions to unlock true market potential on the Komodo Platform. Aiming to create leading companies in the e-commerce, e-media, e-travel, ride hailing and logistics industries. Through an advanced ecosystem of internet economy companies, RedFOX Labs is taking steps to become a super dApp in the Southeast Asia region. More than 50% of the population in Southeast Asia does not have access to the internet economy. Many problems that restrict access are related to lacking bank accounts, credit cards, high fees, or a lack of trust in digital payment options. With the concentration of competition confined to major cities and the lack of engagement in the internet economy, RedFOX Labs identifies many opportunities that are untapped as a result.
The focus of the project was to replicate unicorn businesses and enhance them with features specific to blockchain that allow for rapid growth and scaling potential. These include unlocking the internet economy for the unbanked, QR payment systems, faster and more secure payments, interoperability across platforms, reduced transaction costs, immutable transaction records, stronger security levels, dynamic pricing and automatic account reconciliation. With the four industry sectors of focus being E-commerce, Online Travel, Online Media and Ride Hailing. Built on a model that removes all emotion from the decision making process and relies on hard data collected during the ‘market research’ stage. RedFOX Labs would incubate these businesses for 200 days before returning to their respective headquarters to begin planning for the next venture while being majority equity holders in the businesses built and occupying seats on the companies board of directors. Making RedFOX Labs a white-lable machine in the SE Asia region. If you’ve ever watched Silicon Valley on HBO think of RedFOX as a Jian-Yang in relation to repackaging Pied Piper for a Chinese audience. RedFOX labs business model is just that. Taking universal unicorn properties like Netflix, Instagram and AliPay and redesigning it for a SE Asian market.
After operating for a few years without any such properties being developed. Management began to seize and encourage opportunities found in blockchain gaming and it’s developing NFT space. In August 2020 the team began designing a game designed to be a re-imagined version of a 90’s viral collectibles milk-cap game using the Komodos Antara Framework called KOGS. Despite little publicity to date, there was solid reasoning behind this. The team wanted to make sure this worked and could be done the way it was originally planned. While not directly a Komodo game or project, being the reason there hasn’t been much promotion of the game by Komodo. It was here that the relationship with Whimsy Games began to develop with a new…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
