Can the 24-word seed provided by the Ledger Nano S give me access back to all wallets stored within it? Say I have BTC, ETH, and XRP. Would I need 3 seeds or only 1?

And if its only one, i would assume that this is proprietary to Ledger, right? What if Ledger shuts down? I am going on a lot of assumptions but I do apologize as I am one of the maaaaany people who probably hopped on the bandwagon in the last week. Thanks.

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