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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Ripple Dives Deeper Into Metaverse With $54 Million Investment In Futureverse

Ronaldo Marquez
Ronaldo Marquez
1 year ago
3 mins read
Ripple

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Futureverse, a metaverse infrastructure and content company, has received a $54 million investment round from Ripple and other investors to create an open, scalable, and interoperable infrastructure within the metaverse industry. 

The company plans to roll up 11 metaverse infrastructure and content companies into a collaborative ecosystem, providing essential components for constructing any metaverse application. It also aims to become a leader in an entirely new frontier of Artificial Intelligence (AI) gaming.

Ripple Invests Big In Futureverse’s Vision

The firm’s comprehensive technology includes its Futureverse Platform featuring “Powered By Futureverse” tools and products, which it will develop further using the proceeds from the funding round. 

Futureverse is using The Root Network, a blockchain, and suite of protocols with ready-made runtimes for building next-generation metaverse apps, games, and experiences. The Root Network is integrated with Ripple’s XRP Ledger (XRPL) and supports the use of XRP as a gas token, as well as the XLS-20 NFT standard.

Futureverse has been making strides in the metaverse industry, with strategic partnerships with renowned organizations such as FIFA, Authentic Brands Group, Mastercard, Wimbledon, and more. 

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The company is run by metaverse pioneer Aaron McDonald, tech and entertainment investor/operator Shara Senderoff, technology and information security expert Marco Brondani, and Futureverse business operator Dan Gillespie.

Ripple’s investment in Futureverse is a significant step towards realizing the potential of the metaverse and creating a seamless, interconnected experience for users. Ripple’s president, Monica Long, stated that the company is thrilled to contribute to the foundational infrastructure layer and provide real utility to the end users of the open metaverse.

The Futureverse founders believe that the metaverse is the next evolution of the internet, defined by immersive convergence and data, wherein users are empowered to own and control their identity, social graph, content, and value online. 

With the new Ripple investment, they are confident that the Futureverse Platform will make the content layer interoperable, providing a seamless, interconnected experience for users.

In conclusion, Futureverse’s series A funding round is a significant milestone for the company, with the investment from Ripple and other investors contributing to the company’s momentum. 

Futureverse’s vision of creating an open, scalable, and interoperable infrastructure within the metaverse industry is becoming a reality, and the company’s comprehensive technology and strategic partnerships position it as a major player in the metaverse industry.

Crypto Giant Adds XRP To Its Roster

According to a recent announcement, XRP has been listed on the prestigious Liechtenstein-based LCX Exchange, as of July 18th.

The exchange will support three trading pairs for the token, namely XRP/USDC, XRP/EUR, and XRP/LCX. Deposits have been available since the same date and trading will start in Post-Only Mode, with full Trading Mode activated when pairs reach minimum liquidity.

LCX Exchange is one of the world’s most prestigious crypto exchanges, with a reputation for offering top-quality trading services and innovative technology. The exchange’s support for XRP is a testament to the token’s credibility and market appeal, as well as its potential to drive growth in the cryptocurrency industry.

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According to the LCX Exchange, the addition of XRP to its platform will provide users with access to one of the most widely used cryptocurrencies in the world, with a market capitalization of over $60 billion. The exchange also noted that XRP’s low transaction fees, fast settlement times, and broad adoption make it an attractive option for traders and investors.

Ripple
XRP’s rise in the last 24 hours on the 1-day chart. Source: XRPUSDT on TradingView.com

As of the time of writing, XRP continues to maintain its position among the top four cryptocurrencies in the market in terms of market capitalization and trading volume. Over the past 24 hours, the token has experienced a significant surge, increasing by over 5% and trading at $0.7669.

Featured image from Unsplash, chart from TradingView.com 

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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