Miss Universe Philippines to release world’s first beauty pageant NFTs

Southeast Asian venture builder RedFOX Labs has joined forces with Miss Universe Philippines in making history as the world’s first-ever beauty pageant to drop an NFT collection.

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.

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.

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. 

This isn’t the first time a famous brand has entered the NFT space. For example, Gucci released its first official NFT in a short fashion film inspired by Aria’s collection. It is to celebrate Gucci’s 100th anniversary and the upcoming collaboration with Balenciaga.

Meanwhile, Burberry collaborated with Mythical Games on an in-game clothing NFT collection by featuring a limited-edition Blanko toy called “Sharky B.” It is the first luxury brand to appear in the multiplayer party game Blankos Block Party.

How to buy RFOX on MetaMask

1. Sign up for a crypto wallet that supports accessible cash-in channels in the Philippines like PDAX, Coins.PH, or Binance.
2. Add funds to your crypto wallet and buy ETH.
3. Send the ETH you bought to your MetaMask wallet. 
4. Once on MetaMask, add RFOX to your list of tokens (add tokens > custom tokens > token address + token symbol + token of precision)
5. Swap your ETH for RFOX.

How to buy RFOX on Uniswap

1. Sign up for a crypto wallet that supports accessible cash-in channels in the Philippines like PDAX, Coins.PH, or Binance.
2. Add funds to your crypto wallet and buy ETH.
3. Send the ETH you bought to your MetaMask wallet. 
4. Launch the Uniswap app and connect your Metamask wallet. 
5. Under the Swap function, add RFOX as the token you’d like to get.
6. 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. 
7. Click Swap. A preview of the transaction will appear in a pop-up window from your MetaMask wallet.
8. Confirm the transaction in the MetaMask wallet. You will receive your RFOX tokens.

The post Miss Universe Philippines to release world’s first beauty pageant NFTs appeared first on Speed Magazine.

Source: Speed Magazine PH