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About The Root Network
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Token:
ROOT token is the primary token of The Root Network (TRN) -
Founders:
Futureverse, founded by Aaron McDonald, Shara Senderoff, Marco Brondani, and Daniel Gillespie -
Unique Features:
- Integrated range of core runtimes for developers
- Unique rewards economy with fees from network activities
- Protocols: NFT Runtime, In-Chain exchange, digital collectibles protocol, any-token economy, asset bridges, native identity protocol, smart wallet account abstraction, Asset Register, social data protocol, and Altered State Machine AI protocol
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Introducing The Root Network: A Pioneering Ecosystem
The ROOT token serves as the cornerstone of The ROOT Network (TRN), functioning as its primary token.
The Root Network (ROOT): A Comprehensive Overview
The Root Network is a pioneering Layer 1 designed to serve as the nexus of the open metaverse, where limitless connections can be forged between diverse entities.
The Root Network is specifically designed to empower the open metaverse, boasting a trifecta of core, UX, and digital content-focused protocols that converge to deliver a seamless user experience and unparalleled asset interoperability across the open metaverse.
The Root Network prioritizes user experience and safety, boasting built-in account abstraction and innovative features, such as a token gas economy, which enables seamless and secure onboarding of users for some of the world’s largest content brands.
The Root Network is engineered to be EVM-compatible, built atop Substrate, and seamlessly integrated with XRPL and ETH, with plans to expand to other networks on the horizon, thereby enabling content and accounts on those networks to tap into enhanced functionality and unparalleled interoperability within the open metaverse.
The Visionaries Behind The Root Network: A Brief Overview
The Root Network is an open-source community-driven initiative spearheaded by Futureverse, a global media technology powerhouse with its headquarters in Auckland, New Zealand, and a far-reaching presence across the globe.
Futureverse embarked on its journey by consolidating 11 technology and content companies, with the ambitious goal of laying the groundwork for a truly open metaverse. The visionary founders behind this endeavour are Aaron McDonald, Shara Senderoff, Marco Brondani, and Daniel Gillespie.
Futureverse has leveraged its profound expertise in web3, AI, and entertainment, coupled with intellectual property from some of the world’s most esteemed brands, to catalyze the development of applications on The Root Network.
Unveiling the Distinctive Essence of The Root Network
The Root Network has been meticulously crafted to facilitate seamless user experiences for newcomers to web3, while also fostering enhanced interoperability for developers of content-centric applications.
A comprehensive suite of core runtimes is provided for developers, enabling them to effortlessly craft content-centric applications, eliminating the need to develop their own smart contracts from scratch.
The Root Network boasts a distinctive rewards economy, which aggregates fees from a diverse array of network activities, thereby generating a communal pool of rewards for all participants who engage in validation and nomination processes.
Notably, The Root Network comes pre-configured with several protocols, including:
Fundamental Protocols
Our NFT Runtime empowers the creation of unique digital collectibles and tokens, seamlessly interoperable across diverse applications, immersive experiences, and virtual destinations within the open metaverse, eliminating the need to develop custom contracts.
The In-Chain exchange empowers developers to effortlessly create liquidity for their digital assets, eliminating the need for smart contract deployment.
The platform’s integrated digital collectibles protocol empowers users to seamlessly create and exchange unique digital assets, eliminating the necessity for complex smart contract coding.
User Experience Protocols
The Root Network boasts a pioneering, any-token economy, meticulously designed to streamline user onboarding and optimize the gas fee economy, thereby benefiting both users and validators. This innovative framework empowers developers to settle gas fees in any token of their choice or assume the costs on behalf of their users.
The Root Network inherently supports asset bridges, thereby facilitating seamless transfers and references of fungible collectibles, non-fungible collectibles, and arbitrary data across disparate blockchain ecosystems.
Embark on a journey of self-sovereignty with The Root Network, where you can create, own, and manage your unique digital identity. Leveraging our native identity protocol and account abstraction, we provide a seamless, web2-like authentication experience. This empowers users to establish a persistent, secure, and unified digital identity that can be effortlessly utilized across a multitude of metaverse applications and immersive experiences.
Our innovative smart wallet account abstraction empowers users to seamlessly onboard via a familiar web2 experience, while bolstering the security of their digital assets.
Metaverse Protocols: Pioneering the Future of Virtual Realms
The Asset Register and accompanying toolset facilitate the creation of digital assets, ensuring seamless compatibility across a diverse array of applications within the open metaverse, thereby fostering enhanced interoperability.
The Root Networks social data protocol introduces a suite of innovative graph-based features, thereby facilitating seamless data interoperability, robust social networking, and scalable storage capabilities, ultimately empowering metaverse applications.
The Root Network is empowered with a native protocol governing the ownership of AI-driven collectibles. The innovative Altered State Machine AI protocol enables metaverse architects to craft applications and immersive experiences fueled by AI agents that can be owned and traded by their proprietors.
What Secures the Root Network?
ROOT is the native network token employed by node validators and delegators to ensure the integrity of the Proof of Stake network. This decentralized system operates on a Nominated Proof of Stake (NPoS) mechanism, wherein validators and nominators collaborate to maintain network security. Nominators pledge their tokens to support validators, thereby maximizing chain security by rendering malicious behavior economically unviable.