Have you heard of NFTs ? NFTs, or non-fungible tokens, are digital assets that can represent a wide variety of real-world concepts such as ownership over one-of-a-kind art, videos, in-game items, and other collectibles. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. These are bought and sold online, usually using cryptocurrency, and they are generally coded with the same software as cryptocurrencies.
The NFT trend has come to Miss Universe Philippines. RedFOX Labs, a Southeast Asian venture builder, has joined forces with Miss Universe Philippines in making history as the world’s first-ever beauty pageant to drop an NFT collection.
The Miss Universe-Philippines NFT collection will be released on September 24, 2021, and will be available for purchase using the RFOX token via MetaMask or Uniswap.
By partnering with Miss Universe-Philippines, RedFOX Labs has made it possible for fans to own unique digital collectibles of their favorite candidates in the form of NFT cards, which showcase the top 30 beauty queens in their glory.
These prized collector’s items have a limited supply of 9,900 units in total, which consists of 4 unique NFTs for each of the top 30 candidates that come in various degrees of rarity including Common (6000 units), Uncommon (2700 units), Rare (900 units), and Mythic (300 units.). These NFT cards can be stored, traded, and sold just like physical assets, which allows owners to earn from their proceeds.
In the world of emerging technology and digital assets, this is bringing the future of the digital economy closer to every Filipino in an accessible and relatable way.
Celebrities and artists have been minting their own NFTs. Aside from empowering creators to earn staggering amounts from the proceeds of their sales, NFTs have also paved another way for people to easily raise funds for charities and other advocacies.
Here are a few of the celebrity NFTs:
Beeple (Mike Winkelmann, digital artist) – Until October 2020, the most that Beeple got from his digital art was US$100. This March 2021, at a Christie’s auction, Beeple’s digital art,
Lindsay Lohan (pop icon) – Recently, a motion image where a digitized Lindsay blinks her eyes in unison with fluttering butterflies, sold on FansForever, a marketplace for celebrity NFTs, for the equivalent of $85,484.09. Her first-ever NFT called “Lindsay Lightning Lohan” sold for $50,000 and she donated the proceeds to charities that accept Bitcoin.
Ellen DeGeneres (talk show host) – Ellen auctioned her first NFT, consisting of her own explanation of the asset on her show and an actual drawing of a cat she made. The collection netted DeGeneres $33,495, which she donated to food-relief organization World Central Kitchen.
Manny “Pacman” Pacquiao (world-famous boxer) – The incumbent Philippine senator has recently released his own NFT collection, with artist Rikognition explaining that the piece is inspired by Pacquiao’s career, where “a moment in time can feel both fleeting yet lasting an eternity.”
How to Buy RFOX on MetaMask
- Sign up for a crypto wallet that supports accessible cash-in channels in the Philippines like PDAX, Coins.PH, or Binance.
- Add funds to your crypto wallet and buy ETH.
- Send the ETH you bought to your MetaMask wallet.
- Once on MetaMask, add RFOX to your list of tokens (add tokens > custom tokens > token address + token symbol + token of precision)
- Swap your ETH for RFOX.
How to Buy RFOX on Uniswap
- Sign up for a crypto wallet that supports accessible cash-in channels in the Philippines like PDAX, Coins.PH, or Binance.
- Add funds to your crypto wallet and buy ETH.
- Send the ETH you bought to your MetaMask wallet.
- Launch the Uniswap app and connect your Metamask wallet.
- Under the Swap function, add RFOX as the token you’d like to get.
- Enter the amount of ETH you will spend or the amount of RFOX tokens you need to buy. Make sure that you have sufficient ETH balance to complete the deal.
- Click Swap. A preview of the transaction will appear in a pop-up window from your MetaMask wallet.
- Confirm the transaction in the MetaMask wallet. You will receive your RFOX tokens.