Why is Meta Ruffy (MR) rising, defying crypto market dip?

4 min read | June 22, 2022 06:33 AM EDT | By Versha Jain

Why is Meta Ruffy (MR) rising, defying crypto market dip? — Image source: © Typhoonproject | Megapixl.com

What is Meta Ruffy?

Meta Ruffy is a Dubai-based company registered as MetaRuffy International FZCO. It began operations in early 2022. Its metaverse, Ruffy World, has various relaxation or entertainment zones such as spas, stadiums, pubs, clubs, gaming, and dating, besides an NFT marketplace.

Its whitepaper also states that it plans to build luxury hotels and resorts in the metaverse with real-world trainers and aims to be a leader in the entertainment industry with its offerings.

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Its virtual stadiums will organize theatres, comedy sessions and concerts, and visitors can use NFTs as tickets to these events. Its metaverse will also have a dating island for singles. Meta Ruffy has recently renamed its NFT marketplace Loobr, where users can create and trade digital arts.

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meta ruffy token Coinmarketcap.com

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MR token:

MR is a rug-proof Binance Smart Chain deflationary BEP20 token. The token recently got listed on the MEXC crypto exchange to expand its presence. The MR token is also available for trading on crypto exchanges like XT.com, LBank, BKEX, and BitMart.

Meta Ruffy’s current market capitalization is US$6.9 million, and the self-reported circulating supply is 74.34 billion, while the token’s total supply is 100 billion.

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Bottom line:

Meta Ruffy has grabbed people’s attention within a short span of its existence. Its NFT marketplace, Loobr.com, and metaverse Ruffy World have been its prized offerings. However, the crypto market is extremely volatile and risky. Hence, investors should apply due diligence before investing in digital assets.

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