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- In a recent announcement, Ripple has committed one billion XRP to further stimulate development and innovation on the XRP Ledger (XRPL).
- This fund will serve as an extension of the XRPL Grants program, aligning with Ripple’s shared vision with the developer community.
- Since its inception in 2021, the XRPL Grants Program has successfully funded over 140 projects across 28 countries, spanning various sectors such as sustainability, financial solutions, digital identity platforms, and game-fi.
Ripple commits one billion XRP to accelerate development on the XRP Ledger, extending the reach of the XRPL Grants Program and fostering innovation across the globe.
Ripple’s Commitment to XRPL Community Growth
Two years after Ripple’s initial pledge of one billion XRP to foster XRPL community growth, the company continues to celebrate the innovation and projects driven by the XRP Ledger community. Developers and entrepreneurs worldwide are constantly pushing the boundaries of what is possible, with Ripple’s key community and developer growth initiatives, including the XRPL Grants Program, XRPL Accelerator, and XRPL Hackathons, providing resources and support to projects that bring utility, traction, and meaningful activity to XRPL.
Upcoming Updates and Community Support Initiatives
Ripple has indicated that additional updates to these programs are on the horizon, aimed at providing more clarity and transparency around the funding criteria. This will ensure that applicants know what to expect during the process and who to contact with questions. Other avenues of community support include the XRPL Commons Aquarium Residency and the Creator Fund, which have served as catalysts for new projects and partnerships like Balmain and Ducati on the XRP Ledger.
Important Timelines Ahead
Launched in June 2023, the XRPL Accelerator program is designed to assist entrepreneurs in building on XRPL and scaling their initiatives into thriving enterprises. This year, 2024, the XRPL Accelerator program will offer two tracks: The Launch Program tailored for early-stage projects, and the Scale Program designed for startups that already have considerable traction and market validation. The next cohort of the Scale Program is scheduled to begin in August 2024, with applications opening soon.
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Upcoming XRPL Hackathons
The next XRPL Hackathon, in collaboration with EasyA Labs, is set to take place on June 9 in Amsterdam, leading up to the 2024 XRP Ledger APEX. Following that, the second XRPL hackathon will be held on June 28 and 30, in collaboration with SwissHacks.
Conclusion
Ripple’s commitment of one billion XRP to the XRPL Grants Program is a significant step towards fostering innovation and development on the XRP Ledger. With upcoming updates to the program and a series of hackathons scheduled, Ripple continues to provide resources and support to the developer community, thereby driving growth and technological advancement in the crypto space.
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