Exploring The Root Network: A Journey into the Open Metaverse

Exploring The Root Network: A Journey into the Open Metaverse

The Root Network serves as a foundational layer for the open metaverse - designed as a central hub where anything connects to anything. Built on Substrate and EVM compatible, The Root Network incorporates a suite of protocols spanning core functionalities, user experience enhancements, and digital content capabilities, all aimed at delivering a smooth, interconnected experience across the open metaverse.

So, How Does The Root Network Plan to Achieve This?

The Root Network is tailored to enhance both user and developer experiences in the Web3 landscape. This is made possible through a series of protocols intricately woven into the fabric of The Root Network:

Core Protocols

NFT Runtime: Simplifies the creation and exchange of digital collectibles and tokens across various applications, eliminating the need for developers to reinvent the wheel with smart contracts.

In-Chain Exchange: Provides developers with a hassle-free way to establish liquidity for digital assets, enabling seamless asset trading without complex smart contract deployments.

Digital Collectibles Protocol: Streamlines the creation and trading of digital collectibles while enforcing creator royalties and ensuring smooth interoperability.

UX Protocols

Any-Token Gas Economy: Unlike traditional models where fees are paid exclusively in the network's native token, the any-gas model allows users to pay transaction fees using any supported token. Right now, users may utilize tokens like XRP, ROOT, ASTO, and SYLO, with XRP operating as the default gas token (when paying with non-XRP assets, the asset is seamlessly converted into XRP) to cover transaction costs. This flexibility simplifies user onboarding, and Root plans to expand the list of supported tokens in the future.

Identity Protocol and Smart Wallet Account Abstraction: Offers users a secure, web2-like authentication experience, empowering them to manage their digital identity and assets through a unified account for enhanced security and convenience.

Metaverse Protocols

Asset Register: Aids developers in defining digital assets to ensure compatibility across the open metaverse, fostering the development of richer and more immersive applications.

Social Data Protocol: Introduces graph-based features to support data interoperability and social networking, enriching the social dynamics of the metaverse.

AI Protocol: Equips the network with the ability to host AI-powered collectibles, unlocking new avenues for content creation and interaction within the metaverse.

The Root Token: Bridging the Gap

Despite the any-gas token model, The Root Network employs a dual token system, with XRP serving as the default gas token and the Root token fueling various core functions on the network. These functions include governance, staking, in-game transactions, and data sharing incentives.

Governance - ROOT holders have the power to vote on protocol features, such as software upgrades, runtime deployments, and block reward economics, as well as onboarding new application chains to The Root Network hub.

Staking - The Root Network operates on a nominated proof-of-stake (NPoS) model, allowing validators and nominators to earn fees from various network activities.

In-Game - ROOT serves as the primary in-game token within the FLUF World ecosystem.

Data Sharing Incentives - ROOT can be used to incentivize data sharing with third parties via the Token Service platform, a set of APIs simplifying developer engagement with The Root Network.

The ROOT token has a maximum supply of 12,000,000,000, with approximately 1,038,925,778 ROOT (8.66%) currently in circulation.

Meet the Minds Behind The Root Network

The Root Network was brought to life by Futureverse, a global media tech powerhouse established in 2022 by Aaron McDonald, Shara Senderoff, Marco Brondani, and Daniel Gillespie. Futureverse combines expertise in web3, AI, and entertainment, along with intellectual property from renowned brands worldwide, to bootstrap applications on The Root Network.

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