Ripple is gaining momentum with adoption in the gaming industry through Forte and UBRI adds up its share with XRP validatorDecember 9, 2019
Ripple is gaining momentum, and the price is rising above $0.2250 versus the USD. The price will continue higher above the $0.2320 and $0.2350 resistance level. The key bullish trend line is finding support near $0.2265 on the hourly chart of XRP/USD pair.
The gaming industry is driven by a digital economy that is created by in-game virtual purchases, which are made to unlock some specific game features, characters, unique abilities among several other things. When it comes to establishing a balanced economy that will be of benefit to the community of players, it is indeed a complicated task.
Blockchain technology is used to unlock new economic and creative opportunities for developers and players; however, most of the technology is very difficult to access, deploy, and use. Forte is an organization focused on accelerating the adoption of blockchain technology in the gaming industries.
Brett Seyler, Chief Platform Officer at Forte, was talking about the impact which the blockchain technology will have in the way games are created.
Seyler stated, “Creating game economies with multi-sided participation, open markets, and increased transparency offer a potent solution to the challenge of the complexity plaguing game developers that result in stagnant economy design.”
Forte will leverage the Interledger Protocol (ILP), the open-source protocol for conducting transactions across different blockchains along with ILP. The company will make use of XRP, a digital asset to maximize security, cross-chain interoperability, and inter-asset liquidity.
Professor Naoyuki Iwashita, the crypto finance expert, is helping lead Japan’s Kyoto University’s implementation of Ripple’s University Blockchain Research Initiative (UBRI).
Kyoto University stated that they would be the first of its kind Japanese University who will be launching an XRP validator. The network will be able to verify and process transactions on the ledger with these efforts.
Professor Iwashita has been viewing blockchain and digital assets as the cutting-edge intersection of economics, law, and engineering. He further believes that this combination is that which makes blockchain study compelling one at Kyoto University considering the role UBRI can play. This will help students deliver well-rounded insights that will influence the world.
Ripple, in their recent filing with the U.S. District Court for the Northern District of California, stated, “XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were security, the Plaintiff’s claims still fail as a matter of law.” This will be the last filing before the parties meet and make their arguments about the motion to dismiss the suit.