- 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.”
Recommended News :
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
