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Ripple developers have taken a significant gamble on the emerging AI platform ChatXRP
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Ripple developers seem to be seeking swift entry into the Artificial Intelligence (AI) arena by starting ChatXRP, an up-and-coming startup on the XRP Ledger (XRPL). As revealed during the X event, ChatXRP is among the recipients of a $1.3 million grant for startups operating on XRPL and notably, the sole AI protocol.
Selecting ChatXRP is a no-brainer as the protocol is crafting innovative solutions to enhance communications across XRPL. ChatXRP presents a straightforward yet crucial value proposition, aiming to revolutionize XRPL interactions and deliver seamless access to Web3 services through a user-friendly interface.
The ChatXRP team secured a $75,000 seed funding with a commitment for additional support as an integral part of XRPL. It’s worth noting that ChatXRP holds a pioneering advantage as an XRPL protocol, especially considering that the Ripple-backed network is in its early stages and is keen on promoting applications that align with its mission.
ChatXRP’s recognition arrives at a time when the buzz around the fusion of AI and blockchain is gaining unprecedented momentum. While rival chains like Cardano (ADA) boast their own AI projects such as SingularityNET, ChatXRP is poised to emerge as the premier AI dApp within the XRPL ecosystem.
Outlook and Future Prospects for XRPL
XRPL is currently undergoing a highly promising transformation, set to introduce numerous use cases to cater to its users. A notable recent trend is the series of successful governance voting that led to a string of new upgrades for the platform.
With these amendments addressing NFT reminting issues and low offers on its core AMM, XRPL is making significant strides. Additionally, in a major boost to developers’ collective efforts, the Zahou sidechain is gaining traction, having made its debut on the mainnet and welcoming its inaugural DApp.
About the Author
Godfrey Benjamin, a seasoned crypto journalist, strives to educate those around him about the potentials of Web 3.0. His interest in crypto blossomed during his time as a former banker, where he discovered the evident advantages of decentralized money over traditional payments. With extensive coverage of various aspects of Web3, Godfrey’s articles have been showcased in Blockchain.News, CryptoNews, and CoinGap, among others.