Ripple has partnered with Evmos, a protocol based on the Ethereum Virtual Machine (EVM), to build an EVM-compatible sidechain for the XRP Ledger (XRPL). This collaboration, facilitated by Peersyst Technology, will focus on integrating native Web3 enterprise applications, enhancing the XRPL's utility. The new sidechain will leverage the evmOS solution, promoting flexibility and enabling developers to build innovative, cross-chain applications. This development is expected to connect XRPL with over 90 blockchains in the Cosmos network, broadening its reach and functionality.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.