New XRP Ledger Foundation gets $6.5 million in donations from Ripple and others
The funds will be used to set up XRP Community Fund and improve XRP Ledger infrastructure
The newly established XRP Ledger Foundation has raised $6.5 million from Ripple, Coil, and GateHub. This non-profit and open-organization was been set up with a goal to accelerate the development of the XRP ledger, the blockchain upon which the XRP token runs.
See more for yourself here (https://cointelegraph.com/news/new-xrp-ledger-foundation-gets-6-5-million-in-donations-from-ripple-and-others).