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RippleX Announces First XRPL Grants

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Fri, 09/24/2021 - 06:47
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Alex Dovbnya
RippleX chose 25 projects that ended up receiving $2 million
RippleX Announces First XRPL Grants
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Ripple's developer arm, RippleX, has announced its first wave of grants to promote the development of the XRP Ledger.

More than 100 developers applied for the program in order to receive funding.

RippleX ended up choosing 25 grantees from 10 different countries and awarding them about $2 million. Three of them are part of Ripple’s University Blockchain Research Initiative.

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The projects that are getting funded by RippleX deal with a broad selection of issues such as the development of non-fungible tokens, educational tools for interacting with the XRPL as well as payment solutions.

Music streaming platform Audiotarky, 3D visualization project Ledger City and XRPL explorer Bithomp received $200,000 each.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.