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

US Treasury Targets BitBank in Sanctions Evasion Crackdown

The US Treasury has sanctioned BitBank, an Iranian exchange involved in facilitating Bitcoin payments for shipping companies in the Strait of Hormuz.

user avatarLi Weicheng

Solana Reclaims 105 Price Level After Market Dip

Solana's price recently fell to 96 after a marketwide dip but has since rallied to reclaim the 105 mark, experiencing a 56% increase in the last 24 hours.

user avatarAisha Farooq

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

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.