Ripple made several major announcements this week aimed at strengthening blockchain infrastructure and supporting institutional adoption. These developments highlight Ripple's commitment to advancing blockchain technology innovation.
New Partnership with Futureverse
Ripple has partnered with AI and metaverse technology company Futureverse to provide secure asset management services through Ripple Custody. Futureverse is utilizing the XRPL (XRP Ledger) NFT standard and has adopted XRP as the fuel token for its Root Network. Additionally, Futureverse integrated with the XRPL decentralized exchange (DEX) to enhance network liquidity. This collaboration underscores Ripple's focus on expanding XRPL applications in cutting-edge tech sectors.
👉 Discover how XRPL is transforming blockchain infrastructure
Upcoming XRPL Upgrade: XRPL EVM Sidechain
Ripple plans to upgrade the XRPL ecosystem, including the anticipated 2025 launch of the XRPL EVM sidechain, which will introduce smart contract capabilities to the XRPL development environment. Ripple is also exploring the potential for native smart contracts on the XRPL mainnet. These innovations are expected to boost XRPL's appeal and adoption, fostering new developments.
Multi-Million Dollar Investments in Japan and South Korea
As part of Ripple’s $1 billion XRP Ledger initiative, the company has allocated "tens of millions of dollars" to support projects in Japan and South Korea. This investment highlights Ripple's commitment to these regions as key hubs for blockchain innovation.
Ripple Expands Blockchain Education with Yonsei University Partnership
Ripple’s University Blockchain Research Initiative (UBRI) has added South Korea’s Yonsei University as its 58th global partner. Ripple has invested over $60 million to date, providing universities with strategic resources and technical support to advance blockchain education.
👉 Learn about Ripple’s global blockchain initiatives
Ripple’s Commitment to Blockchain Innovation
Ripple’s strategic expansions in Japan and South Korea, combined with its partnerships and technological upgrades, are reshaping the blockchain landscape. These efforts position the XRP Ledger as a leading blockchain platform, potentially extending Ripple’s global influence and advancing cross-border transaction technologies.
FAQs
Q: What is the significance of Ripple’s partnership with Futureverse?
A: The collaboration integrates XRPL’s NFT standards and enhances liquidity through the XRPL DEX, expanding Ripple’s presence in AI and metaverse technologies.
Q: When will the XRPL EVM sidechain launch?
A: The EVM sidechain is expected to debut in 2025, introducing smart contract functionality to XRPL.
Q: How much has Ripple invested in Japan and South Korea?
A: Ripple has allocated tens of millions of dollars to support blockchain projects in these regions.
Q: What is Ripple’s UBRI program?
A: UBRI partners with universities worldwide to advance blockchain research and education, with over $60 million invested to date.
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