Last Updated: 5 June 2023
Dr. Martin Hiesboeck, the head of research at Uphold, recently announced an exciting event for developers and blockchain enthusiasts alike. An upcoming XRPL online hackathon, hosted by DoraHacks in collaboration with Ripple, is scheduled to commence on Monday, June 5, and will run until July 30. This hackathon aims to foster creativity and innovation by encouraging participants to explore the possibilities of transitioning from centralized systems to the world of blockchain. With the anticipation of a resolution in the Ripple SEC lawsuit, the timing couldn’t be better for developers to showcase their skills and build impactful projects.
Exciting Opportunities Await
Participants in the XRPL online hackathon will have the opportunity to compete for a generous prize pool of $60,000. Individual projects will be eligible to receive funding of up to $10,000, providing a significant boost to their development journey. It’s important to note that this hackathon serves as an initial funding step, with participants encouraged to seek further funding opportunities to continue their projects beyond the event.
XRPL Grants Program Continues
In addition to the hackathon, the XRPL Grants program, Wave 6, is still accepting applications. Launched on April 25, 2023, and closing on June 18, this funding initiative focuses on projects that utilize Web3 for financial use cases on the XRP Ledger (XRPL). However, XRPL Grants also welcomes applications for innovative software development projects that leverage the power of XRP Ledger.
Celebrating XRPL Milestones
The XRP Ledger recently celebrated a significant milestone, completing 11 years of continuous operations since its launch in June 2012. XRP Ledger Services, which monitors XRPL’s growth, reports that there are currently 4,716,558 XRP accounts in existence. Moreover, the ledger index stands at an impressive 80,237,296, indicating the successful closure of 80 million ledgers.
Embracing the Potential of XRPL
The XRPL online hackathon and XRPL Grants program showcase the ongoing commitment to nurturing innovation within the XRP Ledger ecosystem. These initiatives aim to encourage developers from diverse backgrounds to harness the power of blockchain technology and contribute to the transition towards decentralized systems. With the hope of a resolution in the Ripple SEC lawsuit on the horizon, the XRPL community eagerly awaits the groundbreaking projects and advancements that will emerge from these endeavors.
Investors looking to capitalize on the innovative potential of the XRPL ecosystem can explore opportunities through leading investment platforms such as Bitcoin Motion or Bitcoin Investor. By staying informed about the developments arising from the XRPL online hackathon and XRPL Grants program, investors can gain valuable insights into the emerging projects and advancements within the XRP Ledger space, providing a unique perspective for potential investment decisions.