Ripple Submits Crypto Regulation
  • Ripple and Fluf World announced partnership to launch ‘Open Metaverse’ via The Root Network.
  • The Root Network will connect to the Global XRP community to grant access to NFTs over FLuf’s ecosystem.
  • The Open Metaverse allows other projects to mint, buy, sell, or trade in-network tokens on The Root Network

Ripple, the company behind XRP, has partnered with Fluf World to launch an ‘Open Metaverse’ via The Root Network.

According to the Fluf world’s press release, the partnership claims to bring great possibilities to both of their communities by expanding the utility of XRP as its default gas token. 

The Root Network incorporates itself with best possible components from the Web3 community with a planned focus on the user experience, which is why the company decided to build it alongside XRPL.

For almost 10 years, XRP Ledger (XRPL) has held a spot as one of the best networks for settlement and liquidity of tokenized assets. This partnership connects The Root Network to the Global XRP community to provide access to NFTs over Fluf’s ecosystem.

The Root Network is the culmination of 5 years of strategy, research and development to create the foundation for open and scalable Metaverse infrastructure, as per Co-Founder of FLUF World, Aaron McDonald.

Fluf World is a metaverse ecosystem of NFT collectibles and a global community. It consists of popular NFT collections of Flufs, Party Bears, Thingies, Burrows, Eggs, and Raygun, along with the Seekers, Altered State Machine, and the AIFA All-Stars.

Monica Long, the GM of Ripple, said:

We are thrilled for Ripple to partner with FLUF World on the exciting project of The Open Metaverse… The partnership is a testament to the robustness of the XRP Ledger to support a metaverse project of this scale.

The Open Metaverse will allow other metaverse projects to mint NFTs, and buy, sell, or trade in-network tokens on The Root Network. Accordingly, it is the “next evolution of the internet and the digital economy; decentralized, trustless, community-owned and secure.”

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Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.