XRPL recently announced the inaugural awardees of XRPL Grants which were presented by RippleX with XRPL Labs as a technical advisor.

The XRPL Grants Program provides the funding to independent developers, which build a variety of self-selected projects which leverage the XRP Ledger’s open-source technology and further accelerate the Internet of Value.

The program welcomes applications from any project which builds on the XRP Ledger (XRPL) and involves some kind of technical development.

For the first wave of the XRPL Grants Program, applications were invited from open-source projects which built on XRPL and particularly those which encourage projects that are focused on the development of non-fungible tokens (NFTs).

In being the first wave, more than 100 grant proposals were submitted.  From the submissions received from the incredible batch of applicants about 25 grantees were awarded nearly $2 million in total value.

The grantees are individual developers and teams who hail from more than 10 countries from across the world.  About 3 grants were awarded to applicants from within Ripple’s University Blockchain Research Initiative.

The inaugural grantee projects dealt with a wide range of problems and opportunities, which included:  The development of NFTs for multiple industries ranging from retail, art, music, sports, digital advertising and carbon capture; learning tools and platforms to build on and interact with the XRPL; Data visualization tools and payment and security solutions

For clarity, the XRP Ledger is an open platform, and it is not necessary to apply for a grant in order to build on the XRPL. Those who want to know more about the grantees for the first wave should visit the appropriate page.

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Freeing up working capital is an important way for someone to get ahead of the competition.  Pre-funding accounts in destination markets ties up capital that the business could otherwise put to work while growing the business.

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