• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple Announces New Developments to Enhance Blockchain Infrastructure at XRPL Events

user avatar

by Giorgi Kostiuk

a year ago

  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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cysic Faces Unsubstantiated Allegations of Manipulation

chest

Cysic faces unsubstantiated claims of manipulating its TGE cluster, with no primary evidence found.

user avatarKaterina Papadopoulou

Cysic Faces Scrutiny Over Token Manipulation and Financial Discrepancies

chest

Cysic's token generation event (TGE) is under investigation due to allegations of token manipulation and significant financial discrepancies.

user avatarMaya Lundqvist

Hedera's Growing Adoption Among Financial Institutions and Governments

chest

Hedera is witnessing significant adoption from financial institutions and governments for various applications, including payments, stablecoins, and asset tokenization.

user avatarLeo van der Veen

Orchard Protocol and Rising Metrics Boost Zcash Adoption

chest

The Zcash ecosystem is witnessing a boost in adoption due to initiatives like the Orchard protocol and rising Twitter metrics.

user avatarElias Mukuru

Charlie Noyes Steps Down from Paradigm to Focus on Kalshi

chest

Charlie Noyes has stepped down from his role as General Partner at Paradigm to focus on his position as a board observer at Kalshi.

user avatarLi Weicheng

No Evidence Found for Wall Street Revolution Event in Crypto Sector

chest

No evidence supports the existence of the Wall Street Revolution event involving key figures in the crypto sector.

user avatarAisha Farooq

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.