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

Significant Updates from Ripple for Blockchain Infrastructure

user avatar

by Giorgi Kostiuk

2 years ago

  1. Ripple Custody Partnership with Futureverse
  2. Expansion of Ripple’s University Blockchain Research Initiative
  3. Upcoming Programmability Enhancements for XRPL


    4. Ripple recently announced significant updates aimed at improving blockchain infrastructure to facilitate institutional adoption. This announcement came at the XRPL events in Korea and Japan, marking a major moment in the company’s ongoing efforts to enhance crypto utility.

    Ripple Custody Partnership with Futureverse

    A major development is Ripple’s partnership with AI and metaverse technology firm Futureverse. This collaboration will see Ripple Custody managing Futureverse’s digital assets, reflecting a crucial step in secure tokenization. Futureverse has already integrated with Ripple’s XRPL NFT standard, uses XRP as the gas token on the Root Network, and contributes liquidity to the XRPL DEX.

    Ripple President Monica Long highlighted the importance of secure and compliant infrastructure for enterprise applications. She expressed enthusiasm about advancing this partnership, emphasizing the need for robust custody solutions in blockchain.Monica Long

    Expansion of Ripple’s University Blockchain Research Initiative

    In addition to its corporate partnerships, Ripple has expanded its educational outreach. The University Blockchain Research Initiative (UBRI) has welcomed Yonsei University from Korea as its 58th global partner. This addition underscores Ripple’s commitment to fostering blockchain research and development across academic institutions worldwide.

    Upcoming Programmability Enhancements for XRPL

    Ripple is also focusing on enhancing the programmability of the XRP Ledger (XRPL). The company plans to introduce advanced programmability features, including smart contracts, by 2025. A key development in this area is the XRPL EVM Sidechain developed in collaboration with Peersyst. This sidechain is nearing its deployment on the development network and is expected to boost the XRPL’s programmability capabilities. In addition to the EVM Sidechain, Ripple is researching native smart contract capabilities for the XRPL mainnet. The anticipated rollout of these features in early 2025 is set to mark a transformative period for the platform.

    Ripple’s recent initiatives represent a concerted effort to enhance blockchain utility and support institutional adoption. By partnering with Futureverse for asset custody, expanding educational partnerships, and advancing programmability features, Ripple is positioning itself at the forefront of blockchain innovation. As the company progresses toward its 2025 goals, these developments are expected to play a pivotal role in the evolution of the XRP Ledger and its ecosystem.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Sterling Crispin Unveils Prediction Market Bot

chest

Engineer Sterling Crispin has launched a prediction market bot that automatically purchases 'No' on every nonsports market found on Polymarket.

user avatarEmily Carter

Crispin's Bot Implements Targeted Trading Strategy

chest

Sterling Crispin's prediction market bot uses specific filters to enhance its trading strategy, focusing on nonsports markets and purchasing 'No' when the best ask is below 0.65.

user avatarTomas Novak

AI Models Struggle in Betting Challenge, Resulting in Major Losses

chest

Eight leading AI models, including Claude and GPT54, were tested in a betting strategy challenge for the 2023-24 English Premier League season, resulting in significant losses and bankruptcies.

user avatarKaterina Papadopoulou

X Launches New Crypto Cashtags Feature

chest

X has launched a new feature called Cashtags, enhancing crypto and market infrastructure with token discovery, price charts, and trading functionality directly in the app.

user avatarMaya Lundqvist

Caution Advised Amidst Bitcoin's Bullish Outlook

chest

Edwards warns of AI-driven security threats to crypto infrastructure while maintaining a bullish stance on Bitcoin. He emphasizes the need for caution regarding complex DeFi protocols in light of emerging AI threats. Investors are encouraged to remain disciplined and manage risks while exploring opportunities in Bitcoin.

user avatarLeo van der Veen

IMF Issues Recession Warning Amid Escalating US-Iran Conflict

chest

The International Monetary Fund (IMF) has warned that the world may be on the brink of a recession due to the ongoing US-Iran war and rising oil prices, cutting its global growth forecast to 3.1%.

user avatarLi Weicheng

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.