New Zealand, Auckland, San Francisco-(Business wire-Today, Ripple, a leader in enterprise blockchain and cryptographic solutions, and FLUF World, a pioneer of 3D-enabled, content-rich NFT collections and experiences, have an unprecedented partnership through The Open Metaverse. Announced. New decentralized blockchain network, Root network. The root network is a collection of the best components of the Web3 community, with a deliberate focus on the user experience. Therefore, it will be built with XRP Ledger (XRPL), which is the best blockchain for large-scale settlement and liquidity of tokenized assets. XRPL plays an important role in the root network by setting the standard for NFT functionality and utilizing XRP as the default digital asset for transaction activity in the network’s multi-token gas economy.
FLUF World has built and implemented a fully integrated set of tools designed with the user experience in mind at the infrastructure, protocol, content, and application layers to ensure interoperability. On this infrastructure, the Rich Content Layer creates a robust Metaverse ecosystem with strong community network effects, 14 collections and counts, over 195,000 NFT creations, and over 340,000 transactions. FLUF World includes Seekers, Altered State Machine, and AIFA All-Stars, as well as the popular NFT collections of Flufs, Party Bears, Things, Burrows, Eggs, and Rayguns.
The team behind FLUF World led the conversation about “The Open Metaverse.” This is an approach that shapes the best practices, values, and technical architecture needed to build a new interoperable world of Web3. The road to a digital world where the boundaries between user experience silos are broken and the world and experience are interoperable. FLUF World, at the heart of the Open Metaverse, Root network..
The Open Metaverse is based on two principles:
- Immersive experience: The internet remains intact and operates in many interconnected but separate silos. Open Metaverse breaks the boundaries between the major categories we are currently working on, such as finance, games, social media and commerce. This creates a single experience that covers all the current features of the Internet.
- Owned: Open Metaverse is defined by a user who has control over assets, data, and transactions. Using open source code with open standards returns ownership to the user and control back to the community. It’s away from the giants that currently manage almost all of the tangible value of digital in our lives. In the open metaverse, users own the content, IDs, data, avatars, and intelligence behind the process. You can move freely between applications.
“The root network is the culmination of five years of strategy and R & D to lay the foundation for an open and scalable metaverse infrastructure,” said FLUF World co-founder Aaron McDonald. “Partnering with the Ripple team at The Root Network opens up a whole new world of possibilities for our community and that community. Developing root network and open metaverse capabilities through XRPL’s substantial global infrastructure footprint. I’m excited about how to further extend the utility of XRP as the default gas token for this Metaverse network, while providing it to others. ”
“We are excited about Ripple’s partnership with FLUF World on an exciting project in the Open Metaverse. XRP Ledger has been settling and liquidating tokenized assets, from currencies to collectibles, for almost a decade. It has served as a best-in-class feature for. This partnership is a testament to the robustness of XRP Ledger to support Metaverse projects of this size, “said Ripple GM Monica Long.
The root network gives authors access to common smart contract features without having to write or deploy the contract themselves. It also means that code previously written for Ethereum can run natively on the root network through Ethereum virtual machine (EVM) compatibility. Root’s integrated runtimes for non-substitute assets, gas economy, substitutable assets, decentralized exchange, Oracle, and more, provide the elements for building applications and content with a simple onboarding experience, even if you’re not a smart contract developer. Provide to the creator.
The root network natively supports asset bridging to XRPL and ETH networks and supports the deployed XRPL NFT standard. This will connect the root network to the two largest Web3 communities, expanding access to NFTs for the first time with new smart contract capabilities and the XRP ledger community.
FLUF World is designed and created by Non-Fungible Labs, a Web3 dream factory based in Auckland, New Zealand, with a mission to empower everyday creativity in the development of the Open Metaverse. FLUF World is a metaverse ecosystem of NFT character collections and a global creative community that includes the popular NFT collections of Flufs, Party Bears, Things, Burrows, Eggs and Rayguns. FLUF World is partnering to build a fully integrated set of tools at the infrastructure, protocol, content, and application layers that are built with the user experience in mind and ensure interoperability. .. Follow FLUF World twitter And Instagram. Follow Non-Fungible Labs twitter And Instagram.
Ripple is a crypto solutions company that transforms the way the world moves, manages, and tokenizes value. Ripple’s business solutions are faster, more transparent, more cost-effective, and solve the long-defined inefficiencies of the status quo. And work with partners and a larger community of developers to identify use cases where cryptographic technology inspires new business models and creates opportunities for more people. All solutions enable a more sustainable world economy and the planet. Leveraging carbon-neutral blockchain technology and XRP, a green digital asset, we are increasing access to a comprehensive and scalable financial system. This is how we fulfill our mission to build a cryptographic solution for an economically borderless world.