The blockchain technologies represent something similar to the disruptiveness experienced with the internet back in the 90s. This cutting-edge technology that we mostly know as the host behind cryptocurrencies has an immense broadness of possibilities that most people are just barely starting to understand at the moment.
Of course, in the measure that we get to use more the blockchain, the more we will know all of the capabilities behind it, and that’s for sure something that companies like Ripple (XRP) have more than clear.
In this sense, it was known this Monday that Ripple, still a start-up but highly regarded crypto in the industry, just decided to make a courageous bet on the blockchain adoption. Like this, the company resolved to invest the remarkable amount of 50 million dollars in several renowned universities (17 total) among we can find the University of North Carolina, the University of Pennsylvania, and a research institute at MIT (Massachusetts Institute of Technology).
Furthermore, the investment will have an objective to promote and boost the adoption of the blockchain technologies. Of course, as a cryptocurrency user, this is a fact that cannot be ignored, and I can say I’m more than thrilled to get to know about it. Let’s see how it goes!
University Blockchain Research Initiative
Under the name of “University Blockchain Research Initiative,” Ripple has created a program that seeks to boost the adoption of the blockchain technologies. At least $50 million will be donated to the program, and the company has already clarified that the donation will be in actual dollars and not crypto.
According to declarations made by the Senior Vice President of the company, Eric van Miltenburg, the initiative surged from an astonishing increase in the demand of jobs related to the blockchain. Miltenburg stated that this year alone at least 4,500 jobs were published with the words “blockchain” or “cryptocurrencies” on the social network LinkedIn.
Besides noting this represents an increase of 150 percent compared to the offers in the site that involved such terms last year, he continued and said that this is a natural thing to happen as every time we live in a more globalized environment where the demand of technological solutions every day increases, a fact of which the blockchain would not be the exception.
Let’s recall that the blockchain is the technology that serves as the conductor for what we know as virtual coins or cryptocurrencies. In fact, Ripple is a company related to the sector specifically through products that seek to improve real-time operations for financial entities.
The company possesses its very own cryptocurrency dubbed XRP, a coin that currently is ranked as the number 3 of the market by the market capitalization tracker site Coinmarketcap. Although the primary purpose of the program is not to enhance the usage or performance of the digital coin of Ripple, the company specified that some universities involved in the study would use the products of Ripple and most likely the XRP token.
This initiative represents without a doubt a very positive thing for the cryptocurrency industry. Even when the purpose is not to promote the usage of cryptocurrencies, it still is an excellent approach as it will give the opportunity to interact with the technology behind such financial forms.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
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