By Hassan Mehmood (Saudi Arabia)
RippleX has recently become the center of attention for developers and blockchain software engineers all around the world. The fintech payment solutions system has launched a new community grants campaign. This program is looking to add more functionality to the network like NFT minting, improved technical mapping, user-friendly developer tools, mainstream front-end designs, and better security protocols.
Considering the increasing popularity of non-fungible tokens, the program managers emphasize the NFT development capabilities. The participants have as long as 10th June 2021 for introducing their model application and design frames. The team also showed a higher preference for open-source projects that would make way for the growth of the XRP ledger community.
Ripple Labs’ Plan to go Public has Started to Take a Real Shape
Ripple Labs’ foreign partner, the SBI Group that is the biggest fintech services enterprise in Japan, has once again refreshed the idea of Ripple planning to go public. A few days ago, expert chartist Peter Brandt said in a tweet that Ripple Labs is reaping the benefits of its SEC lawsuit. This idea has been confirmed by the analytics issued by Google Trend Chart. The chart shows the since the launch of the $1.3 billion SEC lawsuit; Ripple Labs has increased in popularity by many folds.
Yoshitaka Kitao, CEO of SBI Group, has told media that the company would file for a public listing as soon as the ongoing lawsuit reaches an end. Kitao first hinted at filing for a public listing application with SEC after Coinbase stock raised many folds during its direct listing event at NASDAQ. Ripple Labs executive Brad Garlinghouse also added that having an SEC lawsuit would allow them to develop better clarity and develop an aptitude for regulatory certainty.
RippleX’s community platform is looking to extend its current public interest. John Deaton, the independent attorney representing the movants in the Ripple Labs case, has made room for as many as 17000 Ripple Labs investors in the court. The RippleX community grants program that is enthusiastic about introducing NFT markets, exchange platforms, online auction halls, and digital wallet integrators would give the winning team a chance to work with the pioneer blockchain developers.
During the first rounds of submitting the applications, the developers are required to present an idea and make it available on the open-sourced application aggregator Github. Further details about this project would be broadcasted on the RippleXDev, a dedicated channel for the service on Twitch.
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