According to U.Today, RippleX has recently announced the new recipients of its XRPL Grants, with seven innovative projects selected for funding and support. These Wave 7 Awardees are diverse visionaries, each set to contribute uniquely to the XRP Ledger (XRPL) ecosystem. The XRPL Grants program is a key part of Ripple's strategy to empower developers, providing essential funding to catalyze projects that aim to enhance the usability and functionality of the XRP Ledger.
The XRPL Grants program operates on a rolling basis, offering continuous support for developers and entrepreneurs keen to contribute to the XRPL ecosystem. RippleX has highlighted several projects built on the XRP Ledger in its announcement of the XRPL Grants Wave 7 Awardees. The judging committee conducted a comprehensive review before selecting the Wave 7 award recipients.
The Wave 7 cohort received 132 applications from around the globe, a remarkable number. After a rigorous screening process, seven exceptional initiatives from seven countries across four continents were chosen, with a total investment exceeding $700,000. These recipients represent a broad spectrum of financial use cases, underscoring the XRP Ledger's multiple applications in decentralized finance (DeFi), payments, real world asset (RWA) tokenization, NFTs, and authentication.
As RippleX reveals the XRPL Grants Wave 7 Awardees, the blockchain community is watching with anticipation. With this backing, the XRPL ecosystem is poised to flourish, innovate, and push the boundaries of what is possible in blockchain technology.
