Monday, April 15, 2024
Blockchain

Ripple’s XRP Ledger Distributes $1.6M in Wave 5 Grants

The XRP Ledger Foundation has announced the awardees of the fifth wave of XRPL Grants. The foundation has awarded more than $1.6 million in total funding to 15 groundbreaking projects

The Wave 5 XRPL Grants attracted an impressive pool of 150 applications from across the globe. The selected projects, representing 14 countries and five continents, are set to accelerate the adoption and utility of the XRP Ledger, with use-cases spanning Web3 finance, financial services enhancement, transaction facilitation, developer tooling support, and open-source initiatives.

Among the notable awardees are Alice’s Ring from France, which enables individuals to prove solvency without disclosing their wallet address or transaction history, and 3Shop XRP, also from France, a web3 CMS compatible with XRP Ledger, allowing for token-gated products and services.

Singapore’s Alphaday, a crypto workflow aggregator, and Colombia’s Amora, a Shopify App that allows merchants to mint XLS-20 NFTs on the XRPL, are also on the list. Australia’s Evernode is bringing “layer 2” smart contracts to the XRP Ledger ecosystem, marking a significant advancement in the space.

Since its inception in 2021, the XRPL Grants program has awarded more than $10 million in funding to over 100 projects globally. The grants range from $10,000 to $200,000 USD equivalent, targeting software development projects that utilize the XRP Ledger and contribute beneficially to the wider XRPL community.

The foundation is currently reviewing applications for Wave 6, with awardees set to be announced this fall. Furthermore, the call for Wave 7 applications is slated to open in August 2023, providing more opportunities for innovative projects to receive funding and support.

The XRPL Grants program’s continued commitment to fostering innovation and driving the adoption of the XRP Ledger underscores the growing momentum of blockchain technology in solving real-world problems.

Image source: Shutterstock

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