Ah, mes amis! Ripple Labs, in a most generous display, has decided to part with an additional $5 million to fund the noble pursuit of academic research and to cultivate the talents of blockchain enthusiasts in the Asia-Pacific region. How delightful! 💰
In a blog post on this fine Tuesday, Ripple Labs announced that this newfound treasure will be distributed through its University Blockchain Research Initiative (UBRI). This initiative shall bestow grants upon universities in six countries, with fresh allocations destined for the esteemed institutions in Taiwan and Australia. Truly, a benevolent act! 🌏
UBRI has already committed a princely sum of $1.1 million to Yonsei University in South Korea, over a partnership that stretches six years. In the land of the rising sun, UBRI has graciously bestowed $1.5 million upon both Kyoto University and the University of Tokyo. And in Singapore, the total funding has soared past $3 million, benefiting Nanyang Technological University and the National University of Singapore. What a windfall! 🎓
Professor Yang Liu, a sage from the College of Computing and Data Science at Nanyang Technological University, has proclaimed that these grants have significantly bolstered their research and development endeavors. “With our current grant, we are developing an autonomous AI agent network on the XRP Ledger to create a transparent, modular, accessible, and collaborative AI platform harnessing blockchain technology. We believe this innovation will be pivotal in shaping the future of AI,” he declared, with a twinkle in his eye. 🤖
In Taiwan, UBRI has joined forces with the National Kaohsiung University of Science and Technology to delve into the intriguing world of real-world asset (RWA) tokenization. How thrilling! 📈
“NKUST is excited about this new chapter, partnering with Ripple’s University Blockchain Research Initiative (UBRI) to explore the potential of Real-World Asset (RWA) tokenization on the XRP Ledger,” exclaimed Echo Huang, a professor at the National Kaohsiung University of Science and Technology. One can almost hear the excitement! 🎉
In the land down under, UBRI has strengthened its bonds with the Australian National University and has also teamed up with Victoria University, bringing its total allocation to a commendable $1.3 million across Australian universities. How splendid! 🇦🇺
In a previous act of generosity, Ripple committed $25 million in RLUSD, a stablecoin backed by Ripple, to educational nonprofit organizations in the US, aiming to provide better resources to American teachers. A noble cause indeed! 📚
And just a few months prior, in March, Ripple announced the birth of a nonprofit organization called the National Cryptocurrency Association, dedicated to enhancing crypto education in the US. What a whirlwind of philanthropy! 🌪️
Ripple Labs CEO Brad Garlinghouse has declared that the firm will generously provide $50 million as a grant to this newly formed nonprofit organization. One can only imagine the celebrations! 🎊
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2025-06-10 10:18