Ripple Awards DEX Application Developers $100,000 in XRPL Grants

The recipient is among the winners of the Wave 3 XRPL Grants program.

XRPL.to, a new decentralized exchange built on the XRP Ledger (XRPL), announced recently that it has won the sum of $100,000 via Ripple’s XRPL Grants program. 

About XRPL.to

XRPL.to was recently launched by two U.S. developers, Maksym Chaplinskyi and Yannier Lesende. The project is designed to give users access to real-time market data on the variety of tokens available and traded on XRPL-based decentralized exchanges.  

Per the announcement, XRPL.to is considered one of the most dominant on-chain analytics platforms on XRPL. 

Commenting on the development, the founders of XRPL.to issued a statement, saying: 

“We are thrilled to share with you all that we are one of the proud recipients of the esteemed XRPL Grants for our innovative open-source XRP Ledger project.” 

The founders added:  

“We have received a whopping amount of $100K in funding as well as technical mentorship from RippleX, and we are more than thankful. Both the grant and mentorship will support us to work on further advancements on XRPL.to.” 

Ripple’s Wave 3 XRPL Grants

According to the announcement, XRPL.to is among the Wave 3 recipients of the XRP Ledger Grants program. 

Last month, Ripple announced that it will award nearly $3 million in funding and technical support to winners of the Wave 3 XRPL Grants, which consists of 38 projects. 

? Announcing the Wave 3 recipients of the #XRPLGrants Program! We’re excited to award nearly $3M in funding, as well as technical mentorship, to 35 teams from 16+ countries to build open-source projects on the #XRPLedger. https://t.co/f9LBc9wNfq

— RippleX (@RippleXDev) July 19, 2022

Notably, the winners will be provided with the necessary support to build a variety of open source projects on the XRP Ledger. It is noteworthy that winners of the Wave 1 and 2 XRPL Grants program were mainly focused on non-fungible token (NFT) projects. 

However, the team behind the program chose to focus on open source developers for the third wave of the XRPL grants. 

As reported by TheCryptoBasic, Ripple awarded the sum of $100,000 in grants to popular entertainment marketplace Feetuure. 

Casey Swift, CEO of Feeturre, reacted to the development, saying: 

“The team is excited about our new journey on the XRP Ledger. Our vision is to create a ripple effect that will impact the entire entertainment industry.” 

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