5 Major Events That Could Skyrocket XRP and Ripple's Position in the Finance Industry

Luke Thomas, a popular figure in the cryptocurrency space, has listed five major events that could improve XRP and Ripple's standing in the finance industry.

Ripple Labs Inc., a blockchain-based financial company, has emerged as a strong payment solution in the cryptocurrency landscape. Meanwhile, XRP, the native digital asset associated with Ripple, is seeing widespread adoption for cross-border payments. Despite the growing popularity, Ripple and XRP have faced several challenges in recent years.

Prominent cryptocurrency figure Luke Thomas has outlined five key events that could elevate XRP and Ripple in the financial landscape. According to Thomas, some of these potential events might be influenced by Donald Trump’s presidential bid. But while XRP’s impressive surge is covered, other altcoins, such as NEAR Protocol and DTX Exchange, are outpacing XRP, which will mint millionaires at a faster rate.

Hoskinson Apologizes to XRP Community; Cardano Seeks Collaboration with XRP Ecosystem

Ripple and its investors are seeing a change of heart from Hoskinson with his confessions to the XRP ecosystem. During the latest YouTube livestream, Hoskinson offered a formal apology, stating, “I want to apologize to the XRP community.” Notably, he expressed interest in a collaboration for the first time since his conversation with Ripple.

Hoskinson argues for fostering a relationship between Cardano and the XRP community. He claimed that his approach aligns with Cardano’s earlier collaborations with the Bitcoin community. According to him, Cardano and Ripple can work together in two specific areas.

Cardano’s privacy-focused sidechain, Midnight, and the Ripple ecosystem could converge in the first scenario. The second collaboration is with Ripple USD (RLUSD), the company’s upcoming stablecoin. Currently in beta, the stablecoin is pegged to both the Ethereum and XRP Ledgers (XRPL).

NEAR Protocol to Create World’s Largest Open-Source AI Model with 1.4T Parameters

At its Redacted conference in Bangkok, Thailand, NEAR Protocol unveiled an ambitious goal to develop the world’s largest open-source AI model. According to CoinTelegraph, the project will launch a 1.4 trillion-parameter model, which is 3.5 times larger than Meta’s existing open-source Llama model.

Its creation will be fueled by public donations and research. Thousands of people will contribute to the model’s construction. Users will begin by training a smaller 500 million-parameter model on the NEAR AI Research Hub.

NEAR Protocol has reportedly devised a framework that will allow the concept to be monetized through token sales. This strategy aims to fund the hefty training and processing costs associated with such a large-scale AI project.

In addition to the AI model, NEAR Protocol announced an AI Assistant at the conference. This tool demonstrates the practical applications of NEAR’s AI infrastructure. In future iterations, users will be able to order food, book flights, and potentially interact with Web2 services through the blockchain. As covered in this section, NEAR Protocol seeks to bridge the gap between traditional internet services and decentralized technologies.

This Single Coin is More Than Enough to Make Yourself a Millionaire

End-to-end trading solutions are lacking among the participants in the decentralized trading industry. With the first hybrid protocol, DTX Exchange (DTX) is a new and prominent player in the market. The DTX platform combines a user-friendly interface that can be quickly deployed with special infrastructure.

One of the best AI-enabled order execution systems is available on the DTX Exchange, which can complete orders in less than 0.4 milliseconds. With 10k transactions per second, DTX’s test network has demonstrated exceptional performance. The company’s fortunes have soared with the launch of DTX Exchange’s Phoenix wallet. In addition to increasing the DTX token’s value, this invention has improved the exchange’s standing in the DeFi community.