In a move that could potentially impact XRP's value, Wave Of Innovation, a non-profit organization, has announced its plan to provide grants to developers working on the XRP Ledger (XRPL) and its side chains. The announcement was made by Bill Morgan, a pro-XRP lawyer.
Despite a bearish trend in XRP's price, Morgan revealed that the grant program will operate independently of the RippleX team and Ripple, the company which had previously offered a $100,000 grant to an XRPL-based decentralized exchange. This independence was confirmed by Crypto Eri, a prominent influencer in the XRP community.
The organization is also in the process of organizing the 2024 XRP Gold Coast Conference. The impartial selection process for the grants, based on objective criteria to be announced before the conference, is expected to add another layer of intrigue to the event. With this initiative, Wave Of Innovation aims to foster innovation and growth within the XRPL developer community.
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