London, UK, Jan 13, 2023 – BPM Wallet, a ground breaking blockchain and NFT-based event ticketing platform, is pleased to confirm that it has been awarded a grant of $200,000 from XRPL Grants.
The XRPL Grants program was established to identify promising projects within the XRPL ecosystem and to aid them in their development. In becoming a grant recipient, BPM Wallet has been recognised for the innovation and promise it is demonstrating in its efforts to bring real- world utility to the XRP Ledger - the underlying distributed ledger technology.
The XRPL Grants program seeks to reward ambitious, high-impact projects which utilize XRPL technology and benefit the broader XRPL ecosystem. BPM Wallet aligns with that mission. The UK-based start-up is harnessing XLS-20, a newly launched protocol for native NFTs on the XRP Ledger, to bring NFT-based ticketing to the live event ticketing space.
Co-Founder Kelvin Rolf said: “We are over the moon to receive this $200,000 grant. We feel motivated to know we are on the right track when we receive this type of backing from XRPL Grants. This funding allows us to speed up the development of our platform as we move towards integrating our NFT-based ticketing solution with existing ticketing platforms.”
As a recipient of this award, BPM Wallet joins previous grantees such as Aesthetes, Peerkat, Bithomp, XP Market and Sologenic in exemplifying cutting edge innovation within the XRPL ecosystem. The grant will be used to further develop and roll out this innovation at an exciting stage in the project’s timeline, with BPM Wallet’s NFT-based ticketing solution representing an idea whose time has come.
"We're delighted and extremely grateful to be a grant winner," said Marcus Bond, Co-Founder of BPM Wallet. "This now gives us the finance to accelerate delivery of our innovations for the next generation of event ticketing. To receive recognition from a company we respect as much as Ripple, is real validation for the vision of BPM Wallet. The team has worked incredibly hard through the last year and this is a perfect start to 2023."
Ripple is a crypto solutions company that transforms how the world moves, manages and tokenizes value. Ripple’s business solutions are faster, more transparent, and more cost effective - solving inefficiencies that have long defined the status quo. And together with partners and the larger developer community, we identify use cases where crypto technology will inspire new business models and create opportunity for more people. With every solution, we’re realizing a more sustainable global economy and planet - increasing access to inclusive and scalable financial systems while leveraging carbon neutral blockchain technology and a green digital asset, XRP. This is how we deliver on our mission to build crypto solutions for a world without economic borders.
About XRP Ledger
The XRP Ledger (XRPL) is an open source, public and decentralized Layer 1 blockchain led by a global developer community. It is fast, energy-efficient, and reliable. For more than ten years, it has been the blockchain best suited to enable settlement and liquidity of tokenized assets at scale. With ease of development, low transaction costs, and a knowledgeable community, it provides developers with a strong open-source foundation for executing on the most demanding projects – without impacting the XRPL’s lean and efficient feature set. XRPL enables a wide variety of services and use cases including payments, decentralized finance, and tokenization. Learn more at XRPL.org.
About BPM Wallet
BPM Wallet is a London-based smart ticketing company that seeks to harness the power of the XRPL network in order to resolve a number of problems which are inherent in conventional event ticketing systems.