Gen3 Abandons Retail-Focused XRP Platforms Amid Funding Concerns

Gen3 co-founder Shen announced that his company will no longer invest in retail-focused platforms on the XRP Ledger, citing a lack of sustainable funding opportunities for XRPL startups. After five years of building products on the ledger, Shen stated that Gen3 can no longer justify continuing to pour time and energy into these types of projects.

The team at Gen3 has developed several notable projects on the XRP Ledger, including Zerpmon, Aigent, Axiom Protocol, and TRN. However, Shen emphasized that building retail-focused platforms is no longer a viable path for the company.

Despite leaving retail-focused platforms behind, Gen3 will continue to support the XRP Ledger from a different angle. The company will maintain its dUNL validator node and remain involved in the ecosystem through reviewing, testing, discussing, and voting on upcoming amendments.