New collaboration and new metaverse … open!

Financial markets collapsed and cryptos looked red. While investors are desperately hoping for a rise in the near future, prices continue to decline. However, many networks are looking for ways to improve. Those will allow them to stay in the market and satisfy their communities. With this in mind, Ripple has signed a new partnership and is preparing for the launch of a new metaverse.

Market collapse and new partnership for Ripple (XRP)

The crypto sector is in an alarming correction. If for investors like Elon Musk and Michael Saylor the situation is normal now, for others it is a disaster. Cryptocurrencies are suffering a memorable fall and their future is uncertain. The mixed opinions of the experts did not reassure anyone and instead sowed confusion. Large cryptos by capitalization feel the effects of the drop, but so do small cryptos.

Ranked in the top 10 of the best cryptos by market capitalization, Ripple (XRP) is a cryptocurrency that requires no introduction. However, the fall in the markets did not ignore him. In fact, the 8th crypto is also suffering from market difficulties. Despite the advantages it offers, the Ripple company has to endure difficulties and find effective solutions to weather the crisis.

Like many other companies operating in the sector, diversification is an important point to develop. As a result, companionship has become an unavoidable way out. Despite a difficult lawsuit against the SEC, the company continues to cooperate. Ripple recently announced its collaboration with FLUF World. A collaboration full of surprises, as the creators seem to have decided to dive into innovation.

FLUF World is an ecosystem based on NFT collections and 3D NFT experiences. Known in the industry, he has many famous NFT collections to his credit. notice Party Bears, holes, Fluffs as well as many others. The Ripple partnership aims to create an open metaverse. The project took many years to consolidate and its launch was undoubtedly an activity. XRP Ledger is definitely important in creating this metaverse, as it will serve as the default digital asset for transactions.

The Root Network for interoperable worlds

The news fell on June 17 on Twitter. According to Aaron McDonald, co-founder of FLUF World, the Root Network project is the result of 5 years of relentless hard work, development and research. The latter aims to create an open and scalable metaverse. To accomplish this mission, the only possible option is Ripple (XRP). According to him, this collaboration will open up new perspectives for their community and Ripple.

Choosing a completely separate network for the future metaverse is purely strategic. According to the developers, this will allow the creators to take advantage of new features that are different from what they know so far. As a result, they no longer have to execute or write contracts themselves. In addition, they can also use previously written code to work with the Ethereum blockchain on The Root Network. However, this is only possible through the Ethereum Virtual Machine (EVM).

So the collaboration between Ripple and FLUF will allow to create an open, interoperable and transparent metaverse. This metaworld is based on two basic principles. First of all, it will provide the possibility to live an immersive internet experience. Often, they are divided into several different categories. The open metaverse makes it possible to remove these boundaries and enjoy all the benefits of the Internet.

Then users have full control over their properties. So ownership is in the hands of the users. The latter is responsible for their identity, their avatars, their data, as well as the intelligence behind the process.

The new Ripple and FLUF partnership promises a lot of surprises. Looking at all that has been said about the upcoming metaverse, there is no doubt that the two communities are not at the end of their surprise.

Source: U.Today

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Eddy Senga

The world is changing and adaptation is the best weapon to survive in this flowing universe. As a manager of the crypto community at the base, I am interested in everything directly or indirectly related to the blockchain and its origins. To share my experience and communicate a field that interests me, there is nothing better than writing informative and relaxing articles at the same time.

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