A 12-week project designed to assist blockchain businesses working on the XRP Ledger (XRPL) was just introduced by the XRP Ledger community.
The programme, which is accepting applications until May 1, intends to assist companies in the blockchain industry in scaling and achieving widespread acceptance.
It gives entrepreneurs a $50,000 award, access to mentorship from business experts, chances to improve their product-market fit, and connections to investors and partners.
Candidates for the XRPL Accelerator should already have an established business plan and a minimum viable product (MVP).
Although not required, having a product live on the XRPL is encouraged. Teams must successfully complete a technical evaluation, present solid technology, an engaging use case, and a market validation hypothesis in order to be considered.
They must also have the financial means to continue operating over time. The programme looks for commercially viable items that solve a clearly defined market need or pain point and potentially profit from a revenue model.
The XRPL Accelerator is mostly a virtual programme with an on-site demo component, with a target of 8–10 initiatives every cohort.
The first cohort’s demo day is slated for August 21–25 in New York City.
