Ripple Partners FLUF World, Introduces “The Open Metaverse”

SNEAK PEEK

  • Ripple has partnered with FLUF World, a pioneer in 3D-enabled, content-rich NFT collections.
  • The Open Metaverse will be brought to life via The Root Network.
  • Metaverse projects will now be able to mint NFTs and buy/sell/trade in-network tokens on the Root Network
  • The Root Network will be built on the #XRPL with XRP as a native asset

Ripple recently announced their partnership with FLUF World, a pioneer in 3D-enabled, content-rich Non-fungible Token collections and experiences. The announcement addressed the major goal of the partnership, which was to bring “The Open Metaverse” to life.

Adding further to the details of the partnership, Ripple revealed that “The Open Metaverse” will enable the users to buy/sell/trade-in network tokens on the Root Network.

It brings together top-tier Web3 community components by laying a distinctive emphasis on the user experience. The introduction of “The Open Metaverse,” as described by Ripple, will be allowing metaverse projects to mint NFTs and buy/sell/trade in-network tokens on the Root Network.

Ripple and FLUF World recently unveiled The Root Network, which is the core foundation of “The Open Metaverse.” As revealed in the official announcement made by Ripple in partnership with the FLUF World, The Root Network will facilitate the launch of “The Open Metaverse.” 

Adding further to the details of the partnership, Ripple revealed that “The Open Metaverse” will enable the users to buy/sell/trade-in network tokens on the Root Network. 

In extension to the details released officially by Ripple, the Open Metaverse will be grounded in two principles, and they are:

  1. An Immersive Experience – The Open Metaverse will be eliminating all the boundaries between the major categories such as finance, commerce, social media, and gaming. This will ultimately give rise to a single experience for the utilization of all the features.
  2. Ownership – By utilizing the open-source code with the open standards in the Open Metaverse, users will have authority and control over their assets, transactions, and data. 

Aaron McDonald, the Co-Founder of FLUF World, said in relation to the partnership with the Ripple Network:

“Partnering with the Ripple team on The Root Network opens a whole new world of possibilities for our community and theirs. We are excited about how we can further extend the utility of XRP as the default gas token of this Metaverse network while bringing the capabilities of the Root Network and the Open Metaverse through XRPL’s substantial global infrastructure footprint to developers.”

The GM of Ripple, Monica Lang, also spoke about the partnership with the FLUF World and released a statement that said:

We are thrilled for Ripple to partner with FLUF World on the exciting project of The Open Metaverse. For nearly 10 years, the XRP Ledger has served as the best-in-class capabilities for settlement and liquidity of any tokenized asset, from currencies to collectibles.