RFOX, a metaverse company building the future of the Internet, has opened a new regional office in UAE in Dubai. The company is currently domiciled in Southeast Asia.
RFOX Metaverse features the RFOX VALT metaverse, a virtual world that the company is building in virtual reality (VR), and its integration with the multiple other businesses the company has already built to create a vibrant ecosystem. The RFOX VALT is focused on shopping, retail, and entertainment experiences, offering users the ability to have new and immersive experiences with their favorite brands and celebrities in VR.
RFOX established a roadmap to build a metaverse two years ago. RFOX is focused on retail metaverse environment. Analysts Emergen Research have identified both sectors to dominate the metaverse market, estimated at USD 1.6 trillion by 2030.
Co-founder and CEO, Ben Fairbank stated, ” We praise the Dubai government, especially its ruler Sheikh Mohammed Bin Rashid Al Maktoum, for the foresight and vision for virtual assets and the crypto industry. “We looked at multiple jurisdictions, and after careful review, we decided that Dubai was making great progress in giving users confidence in virtual assets. Dubai’s adoption of the Virtual Asset Regulation Law, the first law governing virtual assets, and the establishment of a regulator to oversee the sector will help facilitate the mainstream adoption of virtual assets. We also looked at the ecosystem in Dubai and found we were in good company with organizations such as Binance and Meta also taking up strategic positions in Dubai. We are optimistic about our future in the region.”