RippleX Grants $2 Million to Promote NFT Solutions on the XRP Ledger

Must read

Ripple may not be the most beloved company in the crypto-verse, but its perseverance and desire to grow despite setbacks is something to be recognized. RippleX, Ripple’s branch focused on boosting the development of technologies around the XRP Ledger, has recently announced its first wave of XRPL grants, and it is embracing the NFT mania.


According to an official announcement, RippleX distributed $2 million in total value among 25 chosen applicants from 10 different countries.


NFTs Are The New Battlefront For Ripple’s XRP Army

The main focus of the applications was the development of open-source projects dealing with NFTs on the XRP Ledger or XRPL.


XRPL encompasses everything we currently consider the XRP ecosystem and is an evolution of the former Ripple Consensus Ledger (RCL). Ripple’s former products, xRapid, xCurrent, and xVia, were, in turn, merged into what is now known as the RippleNet, quickly gathering over 200 customers by 2019.


  1. Although Ripple’s focus point has for long been to offer a fast and cheap payment network, it seems that developers are looking for ways to squeeze the potential out of this blockchain and adapt it to the new times. NFTs are an odd use case for the XRP ecosystem, despite their popularity.
- Advertisement -

More articles

Latest article