Did Google Just Invest In An XRP Ledger (XRPL) Startup?
Highlights
- A growing speculation on X hints at a Google investment in XRPL
- The investment was notably made into XPMarket, a GameFi and DeFi startup
- The Google stake was misconstrued as it is only a grant offering
Certain speculations have flooded the crypto market about the alleged Google investment in XPMarket, a GameFi and DeFi platform on the XRP Ledger (XRPL).
XPMarket Receives $200K Grant From Google
Financial market reporter Zach Rector took to X to hint that Google has just supported the XRPL startup by making a significant investment in its platform. He highlighted a previous post from XPMarket announcing the funds it received from Google.
XPMarket noted that it secured the $200,000 grant from Google for Startups, not a direct investment. Noteworthy, Google for Startups is a program launched in 2011 to provide hands-on lessons for aspiring entrepreneurs and founders. So far, It has plunged more than $50 million to support growing businesses.
Giving out this grants does not equate to making an investment in any firm. This implies that Rector may have been hasty with his statement about Google investing in XPMarket.
Within the last 24 hours, XRP has surged by 0.89% likely influenced by the news of the Google investment. The coin is currently trading at $0.5233.
In addition to the $200,000 grant, the Google for Startups Cloud Program promises to provide other supports including technology and community network resources. For the Web3.0 sector, the goal of this grant is to help these companies focus on innovation rather than infrastructure while building the next Decentralized Application (DApp), Web3.0 tool and more.
It is worth noting that XPMarket is not the only Web3.0 platform that has received this Google grant. A similar situation was seen in February when NFPrompt partnered with Google for Startups Cloud to fuel AIWeb3 innovation. The firm harnessed Google Cloud’s state-of-the-art technology and expertise to propel forward thinking solutions.
XRP Ledger Sees Multiple Adoption And Utilisation
In between, XRPL has seen several new developments in the last couple of weeks. Coingape reported that Ripple signed a strategic partnership agreement with Evmos, an Ethereum Virtual Machine (EVM) chain designed with the Cosmos SDK, to build an EVM sidechain for XRPL.
The move onboards XRPL on Interchain and prioritize bringing XRP Army, DApps and liquidity to a network of more than 90 interconnected chains.
About two weeks ago, Ripple also announced plans to merge forces with Hashkey DX, a Tokyo-based arm of digital asset financial services company HashKey Group, to streamline XRPL-powered solutions within the Japanese market.
Read More: Bitcoin Price Analysis: Why BTC Rise to $67k Hints End of Correction Trend
- Crypto Crime Hits $2.47 Billion in H1 2025, With Wallet Hacks on the Rise
- ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing
- Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?
- Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?
- Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
