KEY TAKEAWAYS
- ROOT is the governance and staking token for The Root Network, a Layer 1 blockchain developed by Futureverse. The network uses XRP for gas fees, while ROOT supports staking and governance participation.
- Futureverse raised $54 million in Series A funding led by 10T Holdings, with Ripple Labs participating. The company was last valued at roughly $1 billion in 2023, according to Axios.
- In April 2025, Futureverse acquired Candy Digital, gaining access to more than 4 million digital collectibles and 1.5 million user accounts associated with properties including MLB, Netflix, and DC Comics.
- ROOT trades at about $0.00016, with a market capitalization of roughly $0.5 million to $0.6 million as of October 22, 2026. This…