The post Ripple launches the XRPL fund to support the development of XRP Ledger appeared on BitcoinEthereumNews.com.

Ripple has launched a new XRPL Japan and Korea fund, with the aim of supporting the innovation of the XRP Ledger for those markets. From what has emerged, the amount dedicated to this fund will be in the tens of millions of dollars.  Ripple: the new XRPL Japan and Korea fund that supports the innovation of XRP Ledger Ripple has announced the launch of its new XRPL Japan and Korea Fund to support innovation of the XRP Ledger in the dynamic Japanese and Korean markets.  We’re proud to launch the XRPL Japan & Korea Fund to boost innovation & utility on the #XRPL in APAC! 🇯🇵🇰🇷 Includes: 🤝 Corporate Partnerships 💸 Dev Grants 🌱 Startup Investments 🎓 Community Growth Learn how the fund fosters innovation and growth: https://t.co/zFSekIekrC — RippleX (@RippleXDev) June 10, 2024 “We are proud to launch the XRPL Japan and Korea Fund to promote innovation and utility of #XRPL in APAC! It includes: Corporate partnerships; Grants for development projects; Investments in startups; Community growth.” The amount that Ripple has dedicated to this fund is part of the 1 billion XRP, coming from the funds dedicated to XRPL Grantsi and XRPL Accelerator. In the specific case of the Japan and Korea market, the dedicated fund will be tens of millions of dollars.  The general commitment of the Ripple fund primarily serves to provide financial, technical, and commercial support to developers building on the XRP Ledger.  Not only that, the XRPL Japan and Korea Fund will provide support to a series of solid initiatives to promote innovation on the XRP Ledger in both countries.  Among others, Ripple cites corporate partnerships to explore use cases of XRP Ledger in various sectors, investments in startups and also the growth of the community with local events, hackathons, and educational programs.  Ripple dedicates…

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Filed under: News - @ June 12, 2024 9:12 am