Ripple’s developer arm is awarding $1.3 million to support innovative projects across various sectors, including GameFi, DeFi, NFTs, and developer tooling.
The grants, part of XRPL Grants Wave 6, will benefit 22 projects from 13 countries utilizing the XRP Ledger (XRPL). The recipients were chosen by a global panel of judges with expertise in Web3-related areas. Looking ahead, the XRPL Grants program aims to reopen applications in 2024, aligning with XRPL’s strategy to enhance its future potential. Additionally, the imminent arrival of Xahau, XRPL’s first smart contract layer, is expected to further boost the ecosystem.
XRPL Grants Wave 6 Boosts Innovative Projects
In the latest round of XRPL Grants, several standout projects received significant financial backing, underscoring the diverse and dynamic developments occurring on the XRP Ledger. Noteworthy among the recipients is EVM Finance, a project dedicated to creating a unified DeFi interface that encompasses asset management, trading, transactions, and NFT launches. Another standout is DeXfi, positioning itself as a comprehensive DeFi platform on the XRPL and securing a substantial $50,000 in funding.
In the AI sector, ChatXRP emerged as a standout recipient, garnering $75,000 for its efforts to simplify XRPL interactions through a user-friendly interface. The education sector found representation in EpicTask, while sustainability-focused projects EUA Carbon Token and Meta-Carbon also earned recognition. The funding allocation spanned from microgrants to substantial support, highlighting XRPL’s commitment to fostering innovation on a global scale.
A noteworthy aspect is that over half of the awardees hail from locations outside the United States, aligning seamlessly with Ripple’s strategic move towards global expansion. This diverse array of projects receiving support reflects the XRP Ledger’s dedication to facilitating innovation across borders.
Ripple’s Legal Advances Amid SEC Lawsuit
In the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple has recently achieved substantial partial victories in court. The progress in the lawsuit marks a positive development for Ripple, highlighting successful legal maneuvers and strategies.
Simultaneously, the XRP cryptocurrency has experienced notable activity among large holders. Over the past week, XRP whales orchestrated substantial transactions, collectively moving millions of dollars in the market. This surge in whale activity adds an intriguing dynamic to the XRP ecosystem, potentially influencing market sentiment and dynamics.
In a significant turn of events, XRP has been relisted on CEX.io, a major cryptocurrency exchange. This move marks another exchange recognizing the evolving regulatory landscape and reinstating support for XRP trading. CEX.io joins the growing list of platforms that have reinstated XRP trading, signaling a shift in the perception of XRP’s regulatory standing within the cryptocurrency industry.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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