Ripple is one of the most resilient projects and everyone has their eyes on it lately and for good reason as Ripple is making waves this week with groundbreaking announcements that solidify its commitment to revolutionizing blockchain infrastructure and driving institutional adoption.

Here’s what you need to know:

🔗 New Partnership with Futureverse
Ripple has teamed up with Futureverse, a leading AI and metaverse tech company, to deliver secure asset custody through Ripple Custody. This partnership leverages the XRPL (XRP Ledger) NFT standard, with XRP now serving as the gas token on the Root Network. Futureverse is also linked to the XRPL decentralized exchange (DEX), enhancing network liquidity and showcasing Ripple's dedication to expanding XRPL’s role in cutting-edge technology sectors.

🚀 Exciting Enhancements to XRPL
Ripple is set to boost the XRPL ecosystem with new programmability features, including the launch of an XRPL EVM (Ethereum Virtual Machine) sidechain by 2025. This will introduce smart contract capabilities to the XRPL development ecosystem. Ripple is also exploring the potential for native smart contracts on the XRPL Mainnet, promising to increase the platform’s appeal and spur further innovation.

🌍 Major Investments in Japan and South Korea
Ripple’s earlier $1 billion commitment to the XRP Ledger includes significant investments in Japan and South Korea, with “tens of millions of dollars” allocated for regional projects. This move underscores Ripple's belief in these regions as key hubs for blockchain innovation.

🏛️ Yonsei University Joins Ripple’s UBRI
In an academic milestone, Yonsei University in Korea has joined Ripple’s University Blockchain Research Initiative (UBRI) as its 58th global partner. With over $60 million committed to UBRI, Ripple continues to drive blockchain research and academic excellence by providing strategic resources, technical support, and funding grants. Yonsei University is set to play a pivotal role in advancing blockchain research across multiple disciplines.

🌟 Ripple’s Commitment to Blockchain Innovation
Ripple’s bold moves in Japan and South Korea are reshaping the blockchain landscape! By investing in these dynamic markets and forging strategic partnerships, Ripple is elevating the XRP Ledger as a premier blockchain platform. These initiatives are poised to expand Ripple's global influence and push blockchain technology to new frontiers in cross-border transactions.

And with a recent partial win in the US, Ripple is proving its strength on the global stage, even as US regulatory challenges cast a shadow over blockchain innovation.

Ripple continues to push boundaries and set new standards in the world of blockchain!

Source: https://coinpedia.org/news/ripple-news-major-partnerships-in-japan-and-south-korea-strengthen-xrpl/?utm_source=CryptoNews&utm_medium=app Show Less