Why is metaverse-focused Meta Ruffy (MR) crypto rising?

April 13, 2022 11:44 PM AEST | By Rupam Roy
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  • Meta Ruffy is a metaverse-focused crypto technology that combines web3, blockchain, virtual reality, and augmented reality.
  • The token is currently available on exchanges like BitMart, XT.com, etc.
  • It returned gains of over 171% since February 2022.

The metaverse-focused Meta Ruffy (MR) crypto saw strong traction in the cryptocurrency market on Wednesday. The MR token surged was up over 8%, while the trading volume rocketed 282% in the trailing 24 hours to Wednesday morning.

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What is Meta Ruffy (MR) crypto and why it is rising?

Meta Ruffy is a metaverse-focused crypto technology that combines web3, blockchain, virtual reality (VR), and augmented reality (AR).

It aims to establish itself as a major brand in the metaverse-entertainment space. It is building its flagship open-world project, Ruffy World, to achieve that goal.

The Ruffy World has virtual spas, resorts, pubs, gaming venues, a stadium, and other zones for relaxation. It also has a non-fungible token (NFT) marketplace called Ruffy Mall, where users can buy or create a shop to sell their NFTs.

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The company claims to host concerts, comedy, and theater in its virtual stadiums, where tickets are sold through its booking agency. After building Ruffy World, it plans to organize a grand event where celebrities like Eminem, Billie Ellish, and Drake would be invited.

The MR token is the native utility token of the protocol. It is used to pay NFT creators, entertainment facilities, shop rentals, etc. Users can also use the token to land in the Meta Ruffy metaverse, a decentralized application (DApp).

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The token caught investors' radar after it was awarded the Most Innovative Company 2022 at the Dubai Crypto Expo in March 2022.

In addition, on April 3, the company said that it would select winners from its landowners who have the highest entries, which is the number of plots/lands they bought or owned. Each purchase is counted as one entry. They will get a chance to win a cash prize of US$50,000 or a Tesla vehicle. It also announced its plans to get listed on BigONE Exchange.

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Meta Ruffy (MR) crypto price and performanceData source: CoinMarketCap.com

Bottom line:

The MR token was priced at US$0.0001384 at 8:06 am ET on April 13, up 8.75%, while its volume for the trailing 24 hours skyrocketed 282.63% to US$8.98 million. Having a total and maximum supply of 100 billion, its fully diluted market cap is US$13.84 million.

It returned gains of 171.57% since February 7, 2022. The token is currently available on exchanges like BitMart, XT.com, PancakeSwap (V2), etc.

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