Miss Universe PH releases world’s first beauty pageant NFTs

RedFOX Labs, prolific Southeast Asian venture builder, has joined forces with Miss Universe Philippines (PH) in making history as the world’s first beauty pageant to drop a non-fungible token (NFT) collection.

The Miss Universe PH NFT collection was released on September 24 and made available for purchase using the RFOX token via MetaMask or Uniswap.

NFTs 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 beauties in their glory.

These prized collector’s items have a limited supply of 9,900 units in total, which consists of four 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.

Several notable names have also jumped in on the NFT craze by creating and releasing their own NFT collections such as Paris Hilton, Lindsay Lohan, Ellen DeGeneres, Snoop Dogg and Manny Pacquiao.

RedFOX Labs is a venture builder based in Vietnam that identifies and builds successful business models for the Southeast Asian markets.

The company is focused on unlocking the true market value of the Southeast Asian digital economy for high consumer demand services such as e-commerce, e-media, e-travel and e-sports/gaming.