Golden Finance reports that according to official news, Ripple has joined hands with Web3 Salon to launch a funding program, aiming to promote innovation and development in the blockchain-related field. This plan will provide each selected project with a financial support of 200,000 US dollars to help it achieve breakthroughs in technology research and development, business expansion and other aspects.
Web3 Salon was jointly initiated by the Japan External Trade Organization (JETRO) and the Asia Web3 Alliance Japan. The Japan External Trade Organization is a government-related agency dedicated to promoting trade and investment exchanges between Japan and other regions and countries. It has extensive influence and resources in the global trade and investment field. The Asia Web3 Alliance Japan also plays an active role in promoting the popularization and application of Web3 technology in the Asian region. The Web3 Salon jointly initiated by the two has built an important platform for the communication and display of blockchain projects.
This funding program covers a very wide range of fields, mainly focusing on the current popular and key areas in the blockchain industry such as DeFi (Decentralized Finance), RWA (Real-world Assets), and digital payments. In the DeFi sector, with the development of blockchain technology, decentralized financial applications are constantly emerging. Various sub-sectors, from lending and trading to insurance, are reshaping the traditional financial landscape. This funding program is expected to help related projects solve technical problems, enhance user experience, and further promote the wide application of DeFi.
The RWA field is dedicated to digitizing real-world assets such as real estate, stocks, and bonds onto the blockchain to achieve more efficient asset circulation and management. Projects that receive funding can conduct in-depth explorations in aspects such as asset tokenization and compliance. In terms of digital payment, the introduction of blockchain technology is transforming traditional payment methods, making them more convenient, efficient and cost-effective. The funding program will provide development impetus for innovative digital payment projects and accelerate the implementation process of blockchain in the payment field.
Ripple will be directly responsible for managing this funding process. Ripple, a company with significant influence in the blockchain and fintech fields, was founded in 2012 and has been committed to optimizing cross-border payments and decentralized financial services through blockchain technology. Its core product, xrpledger, supports real-time financial transactions worldwide through open-source technology and has covered over 300 financial institutions in more than 40 countries. During its past development, Ripple has accumulated rich industry experience, a professional technical team and extensive partner resources.
The funding process is directly managed by Ripple, which can ensure the professionalism, fairness and efficiency of the entire funding process. It can, relying on its profound understanding of the industry, screen out the most potential and innovative projects for support. Meanwhile, during the project execution process, it utilizes its own resources to provide assistance in multiple aspects such as technical guidance and market promotion for the funded projects, promoting the better development of the projects and achieving the goals of the funding plan. Promote innovation and progress in the blockchain industry in areas such as DeFi, RWA, and digital payments.
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