Ripple is making significant announcements this week aimed at strengthening blockchain infrastructure and supporting institutional adoption. These developments highlight Ripple’s commitment to blockchain technology.
New Partnership with Futureverse
Ripple has partnered with Futureverse, an AI and metaverse tech company, to provide secure asset custody through Ripple Custody. Futureverse is leveraging the XRPL (XRP Ledger) NFT standard and integrating XRP as the gas token on the Root Network. Additionally, Futureverse is connected to the XRPL decentralized exchange (DEX) to enhance network liquidity. This partnership underscores Ripple’s focus on expanding the use of XRPL in innovative tech sectors.
Upcoming Enhancements to XRPL
Ripple plans to introduce new programmability features to the XRPL ecosystem. The company aims to launch an XRPL Ethereum Virtual Machine (EVM) sidechain by 2025, bringing smart contract capabilities to the XRPL development ecosystem. Moreover, Ripple is also exploring the potential for native smart contracts on the XRPL Mainnet. These changes should increase XRPL’s appeal and acceptance, encouraging innovation.
Yonsei University Joins UBRI
In a significant academic development, Ripple’s University Blockchain Research Initiative (UBRI) has added Yonsei University in Korea as its 58th global partner. This partnership is part of UBRI’s ongoing effort to drive academic excellence and cutting-edge research in blockchain technology. With over $60 million committed to the UBRI program since its inception, Ripple continues to support universities with strategic resources, technical support, and funding grants. Yonsei University will be pivotal in advancing blockchain research across various disciplines.
In conclusion, Ripple’s bold moves in Japan and South Korea are shaking up the blockchain scene! By diving deep into these markets and teaming up with key players, Ripple is boosting the XRP Ledger’s status as a top blockchain platform. These exciting initiatives could turbocharge Ripple’s global footprint and push blockchain tech to new heights in cross-border transactions.
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