Ractor is a new experimental feature in Ruby 3.0 that allows Ruby code to run in parallel on CPUs. It manages objects per Ractor and can move objects between Ractors, making moved objects invisible to the original Ractor. It can share certain "shareable" objects like modules, classes, and frozen objects between Ractors. For web applications to fully utilize Ractors, an experimental application server called Right Speed was created that uses Rack and runs processing workers on Ractors. However, there are still problems to address like exceptions when closing connections and accessing non-shareable constants and instance variables across Ractors before Ractors can be ready for production use in web applications.