According to Odaily Planet Daily, since Ripple launched the XRPL Grants Program (providing 1 billion XRP funds) in 2021, the program has funded more than 140 projects from 28 different countries/regions, covering areas such as sustainability, financial solutions, digital identity platforms, and games, with individual funding up to $200,000. Based on community feedback, the program has implemented several improvements, including strengthening standards and review processes, and implementing open policies.
In addition, the XRPL Accelerator Program will be launched in June 2023, dedicated to helping entrepreneurs build on XRPL and scale their projects into thriving businesses. The program focuses on financial use cases, while welcoming a wide range of projects that use XRPL for various applications. As of this year, the accelerator has supported 20 projects and plans to support an additional 25 projects in 2024 through funding opportunities and access to community mentors and investors.
In 2024, the XRPL Accelerator Program will offer two tracks: the Launch Program and the Scale Program. The Launch Program is tailored for early-stage projects and focuses on technology integration, product development, and business fundamentals. The Scale Program is designed for startups that already have considerable attention and market validation, and focuses primarily on supporting the team to expand their business scope and raise equity funding from external venture investors. The next round of the Scale Program will be launched in August 2024, and applications will open soon.
