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

Bybit Introduces Bybit Odds, Integrating Prediction Market Analytics

Bybit has launched Bybit Odds, an innovative analytics product designed to integrate prediction market data into its trading ecosystem.

user avatarTando Nkube

Binance Expands Automated Trading Tools for Users

Binance has introduced new Spot Grid and Spot DCA bot support for additional trading pairs, enhancing its spot platform's automation.

user avatarKofi Adjeman

China Launches Investigation into AI Labs for Data Misuse

China has launched an investigation into AI labs DeepSeek and Moonshot AI for allegedly routing sensitive user data to Anthropics servers.

user avatarNguyen Van Long

Lion Group Holding Adds HYPE Tokens to Corporate Treasury

Lion Group Holding has disclosed a corporate treasury position of approximately 195,000 HYPE tokens, marking a significant move in corporate crypto asset holdings.

user avatarSatoshi Nakamura

Zcash ETP Gains Traction Amidst Market Surge

Zcash has seen a remarkable price increase this year, with gains exceeding 2,700%, fueled by the launch of the Zcash exchange-traded product (ETP) by 21Shares, providing a regulated way for investors to gain exposure to Zcash.

user avatarJesper Sørensen

21Shares Launches Europe's First Zcash ETP

21Shares has launched the first Zcash ETP in Europe, available on Euronext Paris and Amsterdam, with a 25% management fee.

user avatarRajesh Kumar

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.