According to Foresight News, Ripple has announced the renewal of its University Blockchain Research Initiative (UBRI) with Morgan State University, involving a collaboration worth $1.05 million. This funding aims to further enhance the significant achievements previously made through Ripple's financial support to the university, and to create new programs and research opportunities for faculty and students. The UBRI is a key part of Ripple's commitment to fostering innovation and development in the field of blockchain technology.