Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Ripple Makes an Open Call for Web3 Projects Built on XRPL

Published 26/04/2023, 11:21
Ripple Makes an Open Call for Web3 Projects Built on XRPL

  • Ripple announces big news for developers building Web3 projects on XRPL.

  • Applications for XRPL Grants are now open.

  • The application submission date will be open through June 18, 2023.

Ripple has made a big announcement for developers that are building innovative Web3 financial projects on the XRPL. According to the details, the applications for XRPL Grants (Wave 6) are now open through June 18, 2023.

This upcoming wave is focused on accepting project proposals that utilize web3 technology for financial purposes on the XRP Ledger (XRPL). The application submission window is scheduled to be open from April 25th until June 18th, 2023, at 11:59 p.m. Pacific Time.

The application review process consists of several stages, and applicants can anticipate receiving notification of their project status within 6–8 weeks of submitting their application. This notification will include information regarding whether or not their application has been selected to advance to the next stage of the review process.

In the open call, the Ripple team also mentioned some of the key features of XRPL. The XRP Ledger (XRPL) has the capacity to process up to 1,500 transactions per second and complete transactions within 3-5 seconds, all while consuming minimal energy resources. Having processed over 2.1 billion transactions since 2012 without experiencing any failures or security breaches, XRPL is equipped to handle large-scale use cases,

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Additionally, the XRPL team mentioned that the grant program is looking for projects that address financial inequities and provide innovative use cases for the XRP ledger. Some of the projects that they mentioned could receive funding, including financial equity, regenerative finance, data and indexing, payments, e-commerce, tokenization, developer tools, oracles, insurance, etc.

The post Ripple Makes an Open Call for Web3 Projects Built on XRPL appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.