In a groundbreaking collaboration, Ripple has partnered with Evmos, a Cosmos-based protocol, and Peersyst, a software company, to develop the XRP Ledger EVM Sidechain. This innovative project aims to enhance interoperability and bring versatility to Ripple's XRP Ledger. The XRP Ledger EVM Sidechain is currently in development on Devnet, and the partnership is poised to make a significant impact on the ecosystem.

Evmos will provide its cutting-edge evmOS technology, which offers Ethereum Virtual Machine (EVM) compatibility and full customization on top of the Cosmos Standard Development Kit (SDK). This will enable Ripple's XRP Ledger to access over 60 Cosmos-based SDK chains through the Inter-Blockchain Communication Protocol (IBC). The partnership is expected to have a ripple effect, expanding blockchain activities on both ecosystems and solving interoperability issues on the XRP Ledger.

Jasmine Cooper, Head of DeFi Product at Ripple, emphasized the significance of this partnership, stating that it represents a major milestone in expanding the XRPL ecosystem. By leveraging evmOS technology, developers will have unparalleled flexibility and customization options, enabling them to build innovative cross-chain applications that tap into the vast potential of the XRPL and the broader interchain ecosystem.

Evmos has pledged a $5 million grant to Ripple's XRP Blockchain to kickstart the project, which has been in development for the past year. The potential of this partnership is massive, with the ability to tap into any of the Cosmos decentralized applications and unlock new opportunities and users. The XRPArmy is eagerly awaiting the launch of the XRPL EVM sidechain, which is expected to revolutionize the XRP Ledger and the broader blockchain ecosystem.