Significant Updates from Ripple for Blockchain Infrastructure

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Hyperscale Data Ceases Bitcoin Mining to Focus on AI

chest

Hyperscale Data has ceased Bitcoin mining operations at its Michigan facility to accommodate a new AI customer, potentially generating over $12 billion in revenue.

user avatarRajesh Kumar

PONS Token Surges on Robinhood Chain

chest

The PONS token has seen a significant increase in value and market capitalization on the Robinhood Chain, with a price rise to 0.5978 and a market cap exceeding 430 million, marking a 3182% increase in just 24 hours.

user avatarMiguel Rodriguez

Ecb Releases New Report on Editorial Standards

chest

The European Central Bank has published a report emphasizing its strict editorial policy that focuses on accuracy, relevance, and impartiality.

user avatarLuis Flores

New Report Released Based on Sec Information

chest

A report has been generated based on the information released by Sec. This release aims to inform the public and increase awareness of the information provided.

user avatarArif Mukhtar

Metaplanet Acquires Additional 1,007 Bitcoin, Reaches 20,000 BTC Milestone

chest

Metaplanet has acquired an additional 1,007 Bitcoin for $69 million, reaching a total of 20,000 BTC.

user avatarMaria Gutierrez

New Editorial Guidelines Introduced to Guarantee Accurate Reporting.

chest

A new editorial policy has been launched that emphasizes accuracy, relevance, and impartiality in all reports.

user avatarDavid Robinson

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.