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