XRPL Grant Program calls for Web3 financial innovation: Wave 6 now open

2023-4-26 15:15

RippleX’s Twitter announced the firm is taking grant applications to build on the XRP Ledger (XRPL).

Wave 6 of the Grant Program opened on April 25. Developers have until June 18 to submit their applications — stating they are particularly interested in Web3 financial use case projects.

Benefits of building on the XRP Ledger

Drumming up interest, RippleX stated the XRPL is a decentralized, open source, and green platform focused on developing financial use cases.

The ledger already incorporates several inherent, native features “out of the gate.” As well as mentioning qualities such as security, reliability, and efficiency, the firm also drew attention to its NFT functionality, which can be used to tokenize real-world assets.

Likewise, the Automatic Market Maker (AMM) protocol, trust lines, and escrow service provide an established architecture for financial service developers.

Furthermore, XRPL is capable of a 1,500 Transactions Per Second (TPS) throughput, — with settlement taking between 3-5 seconds.

“It supports large scale use cases, processing 2.1B+ transactions without failure or security breach since 2012. This makes it an excellent choice for developers who want to build with confidence on proven technology.”

The Ledger’s Consensus Protocol operates a federated validation method that relies on validators to verify transactions by comparing them to the latest state of the ledger. A transaction is confirmed if a minimum of 80% of the 150 validators agree it is valid.

This consensus method differs from Proof-of-Stake and Proof-of-Work in that validators need a degree of trust among each other. A benefit of this method is energy and time efficiency.

XRPL calls out for new projects

RippleX stated that they are specifically looking for projects that tackle financial inequality, improve financial efficiency, and bring about innovative use cases for XRPL.

Types of projects sought under Wave 6 funding include:

Financial Equity / Inclusion. Regenerative Finance (ReFi). Decentralized Finance (DeFi) — Lending & Borrowing, DEX/AMM interfaces and integrations, Asset management. Data & Indexing. Payments. E-commerce. Merchant Tooling and Integration. Tokenization — Regulatory Compliant Real World Assets (RWA). Decentralized Compliance & Security. Interoperability — Token bridging, Cross-chain messaging, implementing blockchain interoperability protocol/technology with another blockchain. Developer Tools. Oracles. Insurance.

Applicants can expect two project reviews, the first in June and the next in July. Those shortlisted for the next stage will have a panel interview in August — winners will be announced in September.

Interested parties should apply at xrplgrants.org.

The post XRPL Grant Program calls for Web3 financial innovation: Wave 6 now open appeared first on CryptoSlate.

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grant applications xrpl wave program financial web3

grant applications → Результатов: 14


Фото:

Harmony (ONE) Grant to Bootstrap Growth of Chainlink-Based DeFi Applications

Harmony—a fast, sharded, and scalable blockchain network for decentralized applications (dApps), is integrating Chainlink—an interoperable network of secure and tamper-proof oracles. Accompanying the incorporation is a dedication of part of the $7 million grant to bootstrap the growth of Chainlink-based DeFi and cross-border finance dApps built on Harmony as per an August 5 update.

2020-8-5 19:07


Фото:

Nervos Unveils $30M Grant Program to Attract Developers to Its DLT Network 

Nervos Network (CKB), a multi-asset, store of value blockchain network established in 2018, has rolled out a $30 million public grants program to motivate individuals, teams and blockchain projects to build applications upon its permissionless layer one distributed ledger technology (DLT) platform dubbed the Nervos Common Knowledge Base (CKB), reports Enterprise Times on January 13,Read MoreRead More.

2020-1-14 20:00


Fabrx to develop protocol-level triggers and events platform for Tezos

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2019-9-11 15:00