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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event is Live!
Share Alpha trading highlights screenshots with #Gate Alpha Trading Share# to split $100!
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📅 July 4, 4:00 – July 20, 16:00 UTC+8
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📅 Ends at 16:00 PM, July 7 (UTC)
XRP Investors Attention! Ripple Announced Its Million Dollar New Investment!
After years of battling the XRP case brought by the SEC and finally achieving victory, Ripple continues to make new investments.
At this point, Ripple Labs announced that it will invest 5 million dollars in Asia-Pacific blockchain research.
Ripple Labs announced in a blog post that it plans to allocate an additional 5 million dollars to advance blockchain research and develop talent in the Asia-Pacific region.
Accordingly, Ripple Labs is providing over $5 million in additional funding through the University Blockchain Research Initiative (UBRI) that supports institutions in six countries. Ripple also announced that new grants will be allocated to universities in Taiwan and Australia.
***This investment, covering six countries with renewed partnerships in South Korea, Japan, and Singapore and new grants in Taiwan and Australia, reflects Ripple's long-standing interest in cultivating next-generation blockchain capabilities and supporting world-class academic research.
UBRI has donated 1.1 million dollars to Yonsei University in South Korea and a total of 1.5 million dollars to Kyoto University and the University of Tokyo in Japan as part of a six-year collaboration.
Professor Yang Liu from the School of Computer Science and Data Science at Nanyang Technological University stated, "Ripple's generous UBRI grant significantly enhances our research and development efforts and enables us to undertake high-impact projects. With our current grant, we are developing an AI tool on the XRP Ledger to create a transparent, modular, accessible, and collaborative AI platform that leverages blockchain technology. Additionally, this support allows us to involve more students and researchers in the blockchain ecosystem by contributing to the development and growth of the XRPL, thereby enabling us to advance our blockchain education initiatives."
*This is not investment advice.
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