Ripple is gaining momentum, and theprice is rising above $0.2250 versus the USD. The price will continue higher above the $0.2320and $0.2350 resistance level. The keybullish trend line is finding support near $0.2265 on the hourly chart ofXRP/USD pair.
The gamingindustry is driven by a digital economy that is created by in-game virtualpurchases, 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 benefitto the community of players, it is indeed a complicated task.
Blockchaintechnology is used to unlock new economic and creative opportunities fordevelopers and players; however, most of the technology is very difficult toaccess, deploy, and use. Forte is anorganization focused on accelerating the adoption of blockchain technology inthe gaming industries.
BrettSeyler, Chief Platform Officer at Forte, was talking about the impact which theblockchain technology will have in the way games are created.
Seyler stated,"Creating game economies with multi-sided participation, open markets, andincreased transparency offer a potent solution to the challenge of thecomplexity plaguing game developers that result in stagnant economy design.”
Forte will leverage the InterledgerProtocol (ILP), the open-source protocol for conducting transactions acrossdifferent blockchains along with ILP. The company will make use of XRP, a digitalasset to maximize security, cross-chain interoperability, and inter-assetliquidity.
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 kindJapanese University who will be launching an XRP validator. The network will be able to verify andprocess transactions on the ledger with these efforts.
Professor Iwashita has been viewing blockchain and digital assetsas the cutting-edge intersection of economics, law, and engineering. He furtherbelieves that this combination is that which makes blockchain study compellingone at Kyoto University considering the role UBRI can play. This will help students deliver well-roundedinsights 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.
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