Open Metaverse mission expands with the formation of TRN Labs
The Root Network Overview - January 22, 2025
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The ecosystem insights
$ROOT price: $0.022 (-28.8%)
The Root Network holders: 306.6K (+0.36%)
The Root Network total transfers: 1.89M (+5%)
The Root Network total transactions: 409.2K (+0.34%)
Total staked: 371.7M (+13.05%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Highlight of the The Root Network
💫What’s happening: TRN Labs announced its formation on January 19 to strengthen The Root Network and support the cultivation of the “Open Metaverse.”
💫Why it matters: TRN Labs was established as an initiative, supported by TRN Foundation, to accelerate the growth and innovation within The Root Network ecosystem. For The Root Network, the Open Metaverse is a decentralized hub that can connect anything to anything. This can be seen as a strategic move to provide better resources and foster stronger collaboration with community engagement.
Alongside its formation, TRN Labs dove into their ambitions for 2025. Most notably, it wants to continue expanding the Open Metaverse through direct project incubation and technical support. This means TRN Labs would contribute directly with projects building on top of The Root Network to help them succeed.
It's important to keep in mind that in general, most startups will fail - so TRN Labs providing direct support for projects building on The Root Network can be impactful in an operational and long term sense. Since TRN Labs will be focusing on project incubation and providing assistance in technical infrastructure, this group hopes to attract new developers and users, while strengthening interoperability across The Root Network and the Open Metaverse.
💫 The bigger picture: The formation of TRN Labs is representative of an overall commitment by the community to building out and supporting operations within the Open Metaverse. In order to create a thriving and attractive ecosystem for new users, TRN Labs plans to focus on collaboration, innovation and sustainable growth. This could help position The Root Network as a key player in the Open Metaverse.
Separately from TRN Labs, The Root Network’s mission is to pave the way for industry adoption, cross-chain interoperability and create a vibrant global community. With the formation of TRN Labs, the two in cohesion can pave the way for a future where blockchain technology plays a central role in decentralized applications, gaming, and digital creativity.
Built on Root
The Root Network roadmap includes focusing on the introduction of a rewards program, gas fee optimization and the implementation of
adecentralized governanceASM merged with THINK Agent Protocol aimed to set a standard for interoperable, metaverse-ready AI agents - watch a video overview here
Ripple USD (RLUSD) was integrated for users to swap, trade and bridge between XRPL and The Root Network
Doppler Finance, previously Lotus Protocol, shared its gameplan to make DeFi protocols in the XRP ecosystem more accessible
Want to catch up? Check out the monthly Futureverse updates here.
Driven by community
Highlighting the companies, communities and users tied to The Root Network.
Gen3 Games CEO and co-founder spoke in an interview about the various projects he’s incubated: The Tradeverse, Zerpmon, Untamed Isles and aigent.run
RCADIA teamed up with Animetas to host a week long gaming tournament with Futureverse ecosystem assets as prizes
Generation Infinity hosted a panel discussion on AI, DeFi and cross-chain interoperability - featuring Futureverse CEO and co-founder Aaron McDonald and Otto Blockchain founder Jeff McDonald
Girin Wallet posted details highlighting recent development upgrades - here’s the skinny:
Added native support for $RLUSD in XRPL wallets
Deployed a points referral system
Resolved ease of use issues when users would perform actions
Get involved in the future
Want to dive into the ecosystem full-time? Find the latest job postings here or get involved at an event below.
Aigent.run’s founder is talking on an X space on Jan 22 at 7pm EST to talk about memecoins and AI agents on The Root Network
FuturePass integrated Root Name Service to make token transfers easier - try it here
The Third Kingdom’s newest game initiative, The Lost Archipelago Campaign, is coming soon
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.