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Ripple Labs, the global payments technology giant, says it’s committing around $800 million worth of XRP to grants sponsoring project’s use cases. Ripple made the announcement on Friday, 18th March. The company expects the grants to be distributed over the next two decades to various programs that are developing the open-source XRP ledger (XRPL).
Projects To Be Sponsored
According to a Tweet from Ripple, the grants will contribute to developing the following projects:
- Accelerator Program: A boot camp that will give projects on the XRPL business and financial support.
- DeFi Program: Investment to support the development of DeFi projects on the XRPL.
- Diversity and Inclusion Fund: Funding for university partners to train a diverse group of future developers. The fund will give support to underrepresented communities in the software development field.
- Sustainability Program: Funds will address various environmental issues facing the world.
- Grants Judging Committee: Funds will allow expanding the panel of judges that review and give feedback on proposed XLPR projects.
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