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Press release content from KISSPR. The AP news staff was not involved in its creation.

Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC

July 26, 2022 GMT
Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC
Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC
Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC
Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC
Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC

07/26/2022, Vancouver Canada · V6E 4A6 // KISS PR Brand Story PressWire //

Lithosphere announced that it will be launching a $145 million developer grant and incubation program. The core team building Lithosphre, KaJ Labs will devote $100 million to fund and incubate Lithosphere’s infrastructure projects and dApps. The remaining $45 million will be used to conduct regional and global mainstream development programs and bug bounties. Lithosphere also reaffirmed its support of Ripple vs. SEC.

The  Lithosphere  developer grant program provides a boost for innovative developers looking to build the next generation of the internet. The move encourages integrations, collaborations, and acquisitions. 



Lithosphere Network

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Lithosphere is the future infrastructure for distributed value transfer and will offer interoperability across multiple blockchain networks. It addresses bottlenecks hindering mainstream Web3 adoption.

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KaJ Labs is also continuing its support of the legal defense fund for Ripple Labs against charges filed by the SEC. Ripple created a network that provided fast, low-cost trans-border money transfers in the form of XRP cryptocurrency. The SEC claims that selling XRP is the offering of an unregistered currency, or an illegal IPO. The litigation is now a benchmark case that amply demonstrates the lack of clarity in regulation surrounding cryptocurrencies.

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About KaJ Labs

KaJ Labs is a decentralized research organization focusing on AI and blockchain technology. We’re driven to create innovative products that work for the greater good around the globe.

About Lithosphere

Lithosphere is the next-generation network for cross-chain applications powered by AI and Deep Learning.

Media Enquiries
Catherine Sanders
Phone: (707)-622-6168
Email: media@kajlabs.com
KaJ Labs Foundation
4730 University Way NE 104-#175
Seattle, WA 98105

Website: https://kajlabs.org
Website: https://lithosphere.network

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131892



Source: Newsfile Corp.



Release ID: 330386

Original Source of the original story >> Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC


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