Ripple’s Xpring is $500 million deep in XRP-related projects
- over 20 startups receive support from the incubation that seeks to expand the use of XRP Ledger and Interledger projects.
- “We have seen a great response from the developer community,” Xpring announcement.
The incubation arm of Ripple Xpring said on Tuesday this week that since its formation, it invested $500 million in different XRP-related projects. At the moment, over 20 startups receive support from the incubation. Notably, all these startups are utilizing Ripple’s platforms to expand and grow the decentralized ecosystem to new levels.
Xpring stated in the announcement:
“Our goal at Xpring is to make it easy for developers to build projects that create real use cases for XRP.”
Xpring has two missions, with the first being to develop a crypto infrastructure utilizing the open-source networks like the XRP Ledger and Interledger projects. The second being the exposure of products belong to its partners to larger masses supported by investment.
“The Xpring team is building a robust developer platform by offering resources such as tools, libraries, and services for developers on the XRP Ledger and Interledger protocols,” Xpring stated.
The announcement continued:
“We have seen a great response from the developer community and we are growing rapidly to continue to partner with and invest in great teams in the cryptocurrency and blockchain space.”
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
