In a move that’s sure to make waves in the Web3 community, Ripple has announced that it’s opening up applications for XRPL Grants (Wave 6), giving developers the chance to receive funding for their innovative projects built on the XRPL.

For those unfamiliar with XRPL, it’s short for the XRP Ledger, which is an open-source, decentralized blockchain technology that Ripple uses for its XRP cryptocurrency. The XRPL is known for its speed and scalability, making it an ideal platform for developers to build Web3 projects on.

The application submission date for XRPL Grants (Wave 6) will be open through June 18, 2023, giving developers ample time to perfect their pitches and submit their proposals.

“We’re excited to see what kind of creative, cutting-edge projects the Web3 community will come up with on the XRPL,” said a Ripple spokesperson. “We’re committed to fostering innovation and growth in this space, and the XRPL Grants program is just one way we’re doing that.”

The XRPL Grants program has been a popular initiative among developers, as it provides funding to help turn their ideas into reality. Previous waves of the program have funded projects such as decentralized exchanges, payment gateways, and gaming platforms built on the XRPL.

To be considered for funding, projects must demonstrate a strong use case for the XRPL and provide a clear plan for implementation. Ripple is looking for projects that can contribute to the growth and adoption of the XRPL, as well as the Web3 ecosystem as a whole.

“We’re looking for projects that push the boundaries of what’s possible with Web3 technology,” said the Ripple spokesperson. “Projects that can help drive mainstream adoption of decentralized finance and bring us closer to a more open and inclusive financial system.”

The announcement has already generated buzz among the Web3 community, with developers expressing their excitement for the opportunity to receive funding for their projects.

“I’ve been working on a decentralized lending platform on the XRPL, and the XRPL Grants program is the perfect opportunity for me to take it to the next level,” said one developer. “I’m excited to see what kind of amazing projects come out of this initiative.”

The XRPL Grants program is just one of many ways that Ripple is working to promote the growth and adoption of Web3 technology. The company has been a vocal advocate for the use of blockchain and cryptocurrency in the financial industry, and it’s clear that Ripple sees the potential for XRPL to play a big role in the future of finance.

With the XRPL Grants program now open for applications, it will be interesting to see what kind of innovative projects the Web3 community comes up with on this exciting platform.