Ripple Announces New Developments to Enhance Blockchain Infrastructure at XRPL Events

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. New Initiatives by Ripple
  2. Integration with Futureverse
  3. XRPL Programmability


    4. During the ongoing XRPL events in Korea and Japan, Ripple made several key announcements aimed at strengthening the blockchain ecosystem for institutional use.

    New Initiatives by Ripple

    Ripple President Monica Long, in a recent tweet, praised the company’s efforts in boosting blockchain utility and usability for institutional adoption. One of the major announcements was the partnership with Futureverse to securely hold the company's assets.

    Integration with Futureverse

    According to a recent release, Ripple will integrate Ripple Custody to enable Futureverse to securely manage its digital assets. Futureverse has already adopted the XRPL NFT standard, uses XRP as the gas token on the Root Network, and is integrated with the XRPL DEX to supply network liquidity. Long noted that custody remains a critical entry point to tokenization. "Everyone - from big banks to crypto natives - needs secure and compliant infrastructure to power enterprise use cases. Excited to further our partnership with Futureverse," Long added.

    XRPL Programmability

    Ripple is committed to bringing new programmability, including smart contracts, to the XRPL developer ecosystem by 2025. Progress toward smart contract functionality is already underway with the XRPL EVM Sidechain, developed in collaboration with Peersyst, which is nearing deployment on the devnet. This sidechain, which provides Ethereum Virtual Machine (EVM) compatibility, is expected to be a significant step for the platform, improving XRPL programmability through two major developments.

    Ripple continues to actively develop its blockchain ecosystem by integrating new technologies and strengthening partnerships to support institutional use and programmability.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Google Cloud's New Service Enhances Key Management Security

Google Cloud's new Multiparty Compute service aims to mitigate risks related to key management in digital asset custody by splitting signing authority among independent participants.

user avatarKofi Adjeman

Google Cloud Launches New Service for Digital Asset Custody

Google Cloud has launched a new Multiparty Compute service to enhance institutional digital asset custody, addressing custody risks and potentially lowering barriers for firms in the digital asset market.

user avatarNguyen Van Long

ACI Worldwide and Circle Launch USDC Settlement Pilot in Colombia

ACI Worldwide and Circle announced a collaboration to demonstrate USDC settlement integration into existing bank payment systems.

user avatarSatoshi Nakamura

Binance Wallets Drained in Major Security Breach

Wallets linked to Binance were drained of at least $55 billion, raising concerns about the security of decentralized exchanges.

user avatarJesper Sørensen

Decentralized Exchanges Facilitate Fund Swaps in Binance Hack

Decentralized exchanges like Uniswap and Aave are being used to swap frozen stablecoins for Ethereum following the Binance wallet draining incident, complicating recovery efforts.

user avatarRajesh Kumar

Bron Joins Hashgraph Association's Global Membership Program

Selfcustody platform Bron has joined the Hashgraph Association's Global Membership Program to enhance its connection with the Hedera ecosystem.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.