The XRPL Accelerator Program, a 12-week program supporting builders on the XRP Ledger, opens the application for its second batch. Applications will close on March 15.

Cohort 3

Join the accelerator here.

The program will start on April 29 and will conclude on June 14, 2024. The program will have both remote and on-site sessions in both Singapore and London. It is open to startups that aim to utilize or plan to use XRPL for product development. 

According to the website, these startups should have a minimum viable product (MVP) with demonstrated user adoption and validation, addressing a clear market pain point with significant growth potential. 

Over the first six weeks, teams will focus on validating their products or services, identifying customers, and refining pitches to capture market share and attract investors. At the program’s conclusion, startups will pitch to an internal committee for potential follow-on funding.

While the XRPL Accelerator program is offered by Ripple Labs Inc. and its subsidiaries and affiliated companies, the firm clarified that participation in the program does not automatically make participants affiliates of Ripple or its subsidiaries. 

The program has previously conducted two sessions last year. Cohort 1 took place from June 12 to August 25 in New York, and Cohort 2 was held from August 14 to November 3 in Singapore.

Interested applicants for the XRPL Acceleration Program 2024, access the form here.

Benefits

Participants in the program can expect benefits such as access to program grants of up to $100,000. 

Moreover, they will also receive industry-leading mentorship from experienced professionals and subject-matter experts, providing insights and guidance. Additionally, participants will have access to a tailored program curriculum featuring masterclasses, one-on-one strategy sprints, and pitch coaching sessions to refine their strategies.

Further, through exposure and networking opportunities, participants can connect with ecosystem partners, and potential investors, and even attend the APEX Developer Summit. Participants will also benefit from expertise in XRP Ledger technology, with access to mentoring and builder support to enhance their development journey.

What is the XRP Ledger?

The XRP Ledger (XRPL) is a decentralized, public blockchain boasting its speed, energy efficiency, and reliability, offering ease of development and low transaction costs. XRPL also provides developers with the tools to execute projects without environmental impact.

In 2022, Ripple Labs introduced non-fungible tokens (NFTs) to the XRP Ledger by activating XLS-20 on the XRPL Mainnet, setting the standard for XRPL NFTs. This milestone follows extensive testing and collaboration within the XRPL community to enhance on-ledger support for NFTs and ensure XRPL stability. 

This article is published on BitPinas: XRPL Accelerator Launchpad Opens Application Until March 15

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