Catalize Research joins XRP Ledger's EVM Sidechain as a validator, contributing to ecosystem expansion.
The EVM Sidechain enhances XRP Ledger's scalability and functionality by enabling Ethereum smart contract compatibility, thus lowering the barrier to entry for developers.
Leveraging its experience within the XRP Ledger ecosystem, Catalize will play a pivotal role in enhancing the transparency, stability, and scalability of the EVM Sidechain.
Catalize Research (Catalize), a leading global Web3 and blockchain consulting firm, announced on the 13th that it has joined as a validator for XRP Ledger's EVM Sidechain.
XRP Ledger is expanding its ecosystem through sidechains. Developed by Peersyst, the EVM Sidechain is a sidechain of XRP Ledger introduced to lower the barrier to entry for developers seeking to create interoperable applications by applying Ethereum smart contracts to the XRP Ledger.
The introduction of EVM Sidechain enhances the scalability and functionality of XRP Ledger by enabling the implementation and execution of smart contracts. By establishing a bridge with the EVM Sidechain, more developers can leverage the benefits of XRP Ledger, such as faster and cheaper transactions.
Previously, Catalize formed a strategic partnership with Ripple Labs, the world's largest enterprise blockchain company, in July of last year. In November of the same year, it also established a strategic partnership with Futureverse, a metaverse, artificial intelligence, and infrastructure development company for The Root Network, another sidechain of XRP Ledger.
Catalize stated that it will contribute to the expansion of the XRP Ledger ecosystem in Korea based on its extensive experience within the XRP Ledger ecosystem. As a validator for the EVM Sidechain, it will play a vital role in enhancing transparency, stability, and scalability.
Catalize Research Introduction
Catalize Research provides blockchain-specialized consulting and data analysis-based research. It facilitates Web3 transformation through blockchain business strategy consulting for traditional companies and go-to-market and ecosystem expansion strategy consulting for Web3 companies. Furthermore, through data-driven research, it offers insights into the global blockchain industry and overall business, including market trend analysis, business risk analysis, reputation analysis, satisfaction surveys, and new product concept development.