XRP Now Empowers NFT Purchases and Gas Transactions

XRP Soars to New Heights in Blockchain Utility

In a remarkable development, XRP has broadened its horizons even further by becoming a preferred payment method for NFT purchases and gas fees within the Root Network ecosystem. This groundbreaking integration is set to revolutionize the way we engage with NFTs and underscores XRP’s ever-expanding use cases.

Exploring the Futureverse: FLUF World and The Root Network

Renowned XRP advocate, Eri, recently showcased this revolutionary use case in a captivating demonstration. She shared her experience of seamlessly purchasing an NFT within the vibrant FLUF World ecosystem, all facilitated through XRP. For those unfamiliar, FLUF World is a cutting-edge NFT protocol specializing in character collectibles and other unique non-fungible assets. What sets it apart is its integration with The Root Network, a blockchain platform within the Futureverse ecosystem that powers immersive Metaverse experiences.

Eri’s video presentation offered a glimpse into the Futureverse, highlighting how FLUF World served as her gateway into this exciting virtual realm. She ingeniously bridged her FLUF World collectible from the Ethereum network to the Root Network with ease.

AN XRP FIRST!
The first ever @Futureverse Fluf World Collectable that was bridged from #ETHEREUM to the Layer 1 @TheRootNetwork 👉👉PAID for in #XRP, the native asset to the #XRPL. 🤯

Cross-chains gone wild!

(oh..and I used my @XummWallet (Soon to have a rebrand: @XamanApp🥰)… pic.twitter.com/tzTpD0uPEm

— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) October 16, 2023

Building Bridges: Ethereum to Root Network

Eri’s explanation revealed the key role of a bridge between Ethereum and the Root networks. By establishing a link between her MetaMask wallet and the Futureverse, she effortlessly transferred her XRP to a Futureverse wallet. Crucially, Eri emphasized that her entire NFT purchase experience, featuring the acquisition of her prized “Onna Musha” collectible, was conducted exclusively in XRP. What’s more, she highlighted that the gas fees associated with the NFT transaction were also paid using XRP, marking a monumental stride towards broadening XRP’s utility. Notably, the Root Network has adopted XRP as its standard gas token for all transactions.

XRP’s Vital Role in the Root Network

The Root Network, an EVM-compatible layer-1 blockchain, has ROOT as its native token for staking. However, it has chosen XRP as its go-to gas token—a strategic move that stems from a partnership between Ripple and FLUF World. This alliance, forged in June, unveiled the ambitious “Open Metaverse” project designed to operate on the Root Network. Ripple’s commitment to building the Open Network on the XRP Ledger paved the way for XRP’s role as a gas token. It’s worth noting that the XRP Ledger welcomed native NFT functionality in October 2022, solidifying its status as the NFT protocol standard within the Root Network.

In conclusion, XRP’s integration as a payment method for NFT purchases and gas fees on the Root Network represents a significant milestone in the world of cryptocurrencies. As blockchain technology continues to evolve, XRP remains at the forefront, enabling smoother, more efficient, and innovative transactions within the Metaverse and beyond. Stay tuned for more exciting developments in the world of digital assets!