The XRPL Accelerator, a program dedicated to nurturing innovation and development on the XRP Ledger, is back with its second cohort of groundbreaking projects. After the success of the inaugural cohort, the Accelerator continues to support entrepreneurs and builders looking to scale their projects on the XRP Ledger.
The XRPL Accelerator is tailored toward helping entrepreneurs building on the XRP Ledger (XRPL) scale and succeed. As part of the initiative, selected teams receive a $50,000 program grant, gain valuable insights from industry-leading mentors, refine their product-market fit, and enjoy the opportunity to connect with investors and potential partners.
Following a rigorous selection process, 11 exciting projects were chosen to participate in the 12-week program, dedicated to supporting and empowering builders on the XRP Ledger. The teams will now go on to enjoy a Demo Day in Singapore on November 14th where they will exhibit the important progress they have made to date. They will also be invited to extend their stay for the Singapore Fintech Festival taking place November 15-17.
Let’s take a closer look at the exciting new projects selected:
Frii: FriiPay enables 50 million plus, existing retail Point Of Sale terminals to transact over Web 3.0 without requiring any additional terminal hardware or reliance on networks like Visa to process transactions.
Frii is the only provider that supports payment by both traditional credit cards, debit cards and cryptocurrencies, from the same point of sale screen. Their FriiPOS application will be distributed to retailers' existing point of sale hardware, via a Free "Over The Air" download.
Frii will empower its terminal network to incentivise mass adoption of blockchain technology by turning everyday transactions into interactions using a suite of digital tools, including Web 3.0 payment, real-time loyalty, digital coupons and so much more.
Phi Wallet: Phi Wallet is a mobile digital wallet that provides instant access to physical gold and makes it accessible to everyone and for all budgets. As gold is the safest asset; Phi Wallet makes gold digitally available for saving, investment and payments in everyday transactions.
The key features of Phi Wallet are:
Gold tokenization on blockchain: Users can instantly buy and sell investment-grade gold bullion in any weight through Phi Wallet App.
Payment processing: Phi Wallet enables individuals to use their gold in everyday payments, assessing small businesses in accepting payments more efficiently at competitive rates, and protecting users’s wealth from inflation.
Phi Wallet aims to bring the benefits of gold as a safe haven to a wider audience by leveraging blockchain technology and providing a Sharia-compliant solution for buying, selling, and usage of gold in everyday payments.
Kaiju Labs: Kaiju Labs tackles critical issues in the blockchain gaming sector. With most developers lacking blockchain expertise and relying on complex tools, progress is hindered. High friction during player sign-up results in significant dropouts. Kaiju Labs transforms this landscape by offering an all-in-one no-code toolkit with an integrated wallet, empowering developers to effortlessly create Web3 games. This toolkit facilitates on-chain marketplaces, tokens, leaderboards, and more providing a platform like PlayFab but for blockchain games. For gamers, Kaiju Labs provides an intuitive wallet app for seamless asset management and in-game transactions. Notably, one-click setup, fee sponsorship by developers, embedded social profiles, and social recovery enhance the overall gaming experience.
EQUIL: EQLX is a social media for sports performance data built on the XRP Ledger. The platform is built for athletes, fans, leagues and clubs to have an ownership layer over sports data and to abstract value for virality. Likes, comments & advertising are exchanged using the EQL token. Posts are NFTs which can be traded with secondary market features. A user connects a wallet to register an account which enables control over their data.
EQLX at its core enables an ownership layer over performance data so athletes have ownership benefits and value earning capacity for stats they produce. Thus leading to a democratization of the existing and rapidly growing sports data space.
The EQL token itself is built for the health, wellness & sports community and enables users to earn for sports performance, wellness and self improvement through a suite of apps built by EQUIL. EQLX is the first app to utilize the EQL token utility. The vision is to bring metaverse rewards to the universe and develop apps for a community of people looking to not only to live longer, but live well using new technology advancements.
Crossmark: Crossmark has emerged as a browser-first, non-custodial wallet, optimizing user experiences across present and future XRP Ledger functionalities.
The startup has three core objectives aimed at resolving current friction points in the XRP ecosystem. Firstly, it introduces an alternative to mobile-first wallets, catering specifically to web apps tailored for browser environments. Secondly, Crossmark seeks to establish and promote a universal QR code structure for broader adoption by XRP Ledger wallets and developers. Lastly, the platform offers a versatile wallet supporting custom networks, network-specific features, and seamless network switching. The architecture prioritizes future enhancements like Automated Market Maker (AMM) integration and sidechain proposals, positioning Crossmark as a forward-looking solution for the XRP community.
Ospree: Ospree is dedicated to simplifying and enhancing digital asset compliance infrastructure for both centralized and decentralized institutions.
Addressing a prevalent challenge, the current landscape comprises highly specialized solution providers, adept at tackling specific issues, yet limited in scope. This results in disjointed compliance procedures, where multiple disconnected solutions must be utilized. Ospree aims to bridge this gap by offering a comprehensive solution that streamlines and unifies compliance processes, allowing institutions to navigate digital asset regulations with ease and reliability. In doing so, Ospree revolutionizes the compliance paradigm, fostering efficiency and coherence within the industry.
Mandla Money: Mandla SMS wallet introduces a white label solution for semi-offline transactions using stablecoins and retail CBDC via SMS. This innovative approach eliminates the need for smartphones or internet connectivity, addressing the financial inclusion challenge for over 2.3 billion individuals without access to traditional financial services.
This groundbreaking approach bridges a crucial gap in financial inclusion, offering a transformative solution for underserved populations to engage in secure and inclusive transactions without traditional barriers. Mandla Wallet can also be used as an alternative payment mechanism for civil contingencies.
Wind: Wind.app is akin to a "Paypal on Web3," specializing in streamlined cross-border payments and on/off-ramp solutions for remote teams. They have gained rapid traction, serving both businesses and retail users globally, with an annualized GTV exceeding $1 million.
They offer a self-custodial wallet built on Polygon, utilizing stablecoins for seamless settlements. Wind's Web2 UI on Web3 technology ensures instant settlement and reduced fees. Their innovative approach seamlessly integrates self-custody wallets with on and off ramps, ensuring efficient and affordable transfers.
Founded by experienced founders, the company's vision is to establish a global remittance and payments network on Web3, with an initial focus on strengthening the corridor between the US and Southeast Asia.
SAFEHaven: SAFEhaven allows everyone to own a cold wallet for free. The app converts old and unused mobile devices into a cold wallet that prioritizes utility, convenience and security.
Streamlining blockchain adoption, the platform ensures effortless storage, interaction, and transactions. Unlike prevailing solutions that demand trade-offs between security and convenience, SAFEhaven harmonizes both aspects. The integrated cold wallet and extensive feature set reflect a user-centric approach, catering to diverse needs while maintaining high security standards, especially suited for Digital Identity.
Positioned to drive mass adoption, SAFEhaven emerges as a versatile, user-friendly solution enhancing the accessibility and usability of blockchain technology for a broader audience.
D3 Labs: D3 Labs specializes in programmable asset infrastructure, aiming to improve real-time value transfer, particularly in Southeast Asia. Their product, Seaseed, bridges the gap between digital and business operations by using digital currencies in the remittance process. This innovative approach allows for seamless, round-the-clock trading and cross-border currency movement, making transactions faster and more cost-effective compared to traditional methods. In essence, Seaseed offers businesses greater efficiency and global financial connectivity, contributing to a more inclusive financial landscape.
StaykX: StaykX, a self-custodial DeFi protocol on the XRPL, employs 'Soft-Staking' to offer users daily rewards while retaining full asset control. The platform tackles two key XRPL challenges: assisting projects lacking resources for sustainable community rewards and catering to users seeking secure, self-custodial DeFi involvement. StaykX has seamlessly integrated with 50+ XRPL projects, enhancing community engagement. Users enjoy heightened control and asset security via our self-custodial staking, promoting trust and eliminating lock-ups.
StaykX is now developing the premier DEX on the XRPL EVM Sidechain to further empower the DeFi capabilities of XRPL tokens and NFTs. Offering various DeFi mechanisms powered by smart contract functionality that have never been possible before within the XRP ecosystem.
The XRPL Accelerator continues to empower and support innovative projects that contribute to the growth and development of the XRP Ledger ecosystem. To learn more about the XRPL Accelerator and stay updated on upcoming opportunities, visit xrplaccelerator.org.
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