RippleX is granting $ 2 million to promote NFT solutions on the XRP ledger

Ripple may not be the most popular company in the crypto verse, but its perseverance and desire to grow despite setbacks deserves credit. RippleX, Ripple’s branch focused on promoting the development of technology around the XRP ledger, recently announced its first wave of XRPL grants and is picking up on the NFT mania.

According to an official announcement, RippleX distributed a total of $ 2 million to 25 selected applicants from 10 different countries.

NFTs are the new battlefront for Ripple’s XRP army

The focus of the applications was on the development of open source projects that deal with NFTs on the XRP ledger or XRPL.

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

Although Ripple’s focus has long been on offering a fast and cheap payment network, developers seem to be looking for ways to unlock the potential of this blockchain and adapt it to the new era. Despite their popularity, NFTs are an odd use case for the XRP ecosystem.

RippleX mentions that it received over a hundred suggestions, but the most interesting ones focused on the following topics:

  1. Developing NFTs for various industries (retail, art, music, sports, digital advertising and carbon capture).
  2. Learning tools and platforms to build on and interact with the XRPL
  3. Data visualization tools
  4. Payment and security solutions

If implemented to be compatible with NFTs, XRPL could significantly expand its user base and even serve certain enterprise customers in strategic areas such as identity digitization, advertising models, supply chain, etc.

The chosen ones

These were the selected projects. Each received a different amount of money:

Watercolor: This project aims to build a metaverse on top of the XRP ledger. The project aims to create an open source NFT library, web-based NFT marketplace and WebGL 3D virtual gallery to present and interact with NFTs.

Aquarelle is based in Australia but hopes to interact with content creators primarily from India.

Anchain.AI – CISO ™ integration for the XRPL: This project focuses on the use of NFTs in cybersecurity to develop artificial intelligence that governments use for compliance solutions. AnChain is based in the United States.

Bithompt: An XRPL explorer and toolkit that is updated to be compatible with NFTs. Bithomp is based in Sweden.

CarbonLand Trust ESG NFTs = CO2 bonds + forest protection: A project that aims to create NFTs that represent rights to future emission allowances. It is based in the United States.

Clever.Gallery: An NFT gallery and a marketplace with NFT explorer functionality. It is based in the USA.

CryptoIso20022 Interop: A startup looking to automate the conversion of fiat to crypto payments. It is located in Switzerland.

Cryptum / Blockforce: This project aims to develop an API / SDK platform for integrating the XRP ledger with apps. It is located in Brazil.

ARROW: A digital art platform compatible with NFT on the Ripple Net. It also uses the XRP token as a means of payment in transactions. It is located in Sweden.

Galaxy: An advertising platform based on XRPL. It is located in the UK.

Go4Zerps: A Golang SDK for building applications on the XRP ledger. It is located in the UK.

Capital city: A 3D visualization platform compatible with tokens on the XRP ledger. Located in the United States.

General ledger: An initiative aimed at developing an XRP ledger analysis tool for research, compliance and risk management. Located in the Netherlands.

NFT terrace: A platform that allows football clubs to create NFTs on XRPL. Located in the UK.

Audiotarky: An XRP compatible music streaming platform. It will use the NFTs to distribute revenue. Located in the UK.

Meerkat: An NFT platform based on the XRP ledger. Located in the UK.

Scratch2Hooks: An initiative of the University of Luxembourg to develop smart contracts for the XRP ledger. Located in Luxembourg.

Line of trust: A startup that uses the flare network to transfer products between different blockchains. Located in the United States. An NFT marketplace. Based in Switzerland.

Xchange Retail Payments: A DEX / XRP ledger gateway. Located in the UK.

xPay: A startup that enables XRP transactions via iMessage. Located in the United States.

Knot-RED: A visual programming tool focused on XRPL solutions. Located in the UK

XRPL-Rosetta: An XRPL explorer. Located in Chile.

XRP wallet tools: a WebApp with support for creating NFTs in XRPL. Located in the Philippines.

ZerpCraft: A plugin that enables the creation of NFTs to represent virtual real estate in Minecraft. Based in the USA

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