By George Ward
As the world shifts towards a more sustainable future, the RippleX team is committed to enabling projects that promote sustainability. By supporting innovative technologies, the team is helping to create a positive environmental change while providing meaningful and lasting solutions.
According to reports, Wave 4 of XRPL grants has provided a total of $2.6 million to fund 25 projects that focus on inclusion, sustainability, equity, and diversity, as well as general technical initiatives. Through this wave of grants, XRPL is working to make a meaningful contribution toward a more sustainable, equitable, and inclusive future.
Wave 4 brings a range of exciting projects in the e-commerce sector, including payment systems, wallets, Shopify-related apps, and event ticketing. In addition, pet owners use NFTs for identification, fraud protection, ID verification, health and wellness initiatives utilizing athletic performance data and Non-Fungible Tokens, and more.
RippleX reaffirms its dedication to the XRPL Grants program, particularly Wave 4 projects devoted to sustainability. These endeavors focus on launching ideas and solutions to lessen environmental harm by taking advantage of the zero-carbon XRP Ledger.
Hope For Sustainability
Sendi Young, Ripple’s Managing Director for Europe, foresees that consumers and decision-makers will stay vigilant regarding the eventual ecological sustainability of cryptocurrencies and blockchain technology. She is confident that a greater level of sustainability can be accomplished by utilizing more energy-efficient blockchains and blockchain-enabled solutions, like the tokenization of carbon credits.
The XRPL blockchain boasts environmental friendliness and energy efficiency compared to PoW (Proof-of-Work) blockchains. In addition, Ripple strives to battle climate change by devoting $100 million to carbon markets in 2022.
This funding will support businesses that develop climate-friendly fintech solutions. The main goal is to modernize carbon markets, helping to reduce carbon emissions and create a healthier planet for future generations.
This step can make a real difference in the fight against unhealthy climate change. Furthermore, the XRPL grants acknowledge initiatives fostering diversity, equity, and inclusion, including developing an open-source platform for decentralized identity management.
This project aims to make identity management more secure and accessible by providing an open-source solution enabling users to create, store, and manage their digital identities. Furthermore, by promoting decentralized identity management, this project will help create a more equitable, diverse, and inclusive world.
The RippleX group urges potential candidates to put in for the subsequent grants installment Wave 5, which will commence in February 2023.