Why Flare Ignored VC Skepticism to Build on XRP
When Hugo Philion was raising funds for Flare—the blockchain network bringing smart contract capabilities to legacy assets—venture capitalists repeatedly asked him the same question: “Why do you want to touch XRP?”
While VCs saw a risk, Philion saw a massive, untapped market. Nearly $200 billion in XRP assets were sitting completely idle with zero DeFi infrastructure, no lending markets, and no yield mechanisms. While dozens of teams crowded the Bitcoin ecosystem, XRP had virtually no development competition.
"Building a new market for an asset that has never had any form of DeFi market before is tough... but once it does start rotating, it gets its own momentum." — Hugo Philion
Today, Philion argues the bullish case for XRP is stronger than ever. Following Ripple's legal victory against the SEC and a string of strategic acquisitions utilizing the XRP Ledger, the ecosystem is primed for growth. For Flare, a higher XRP market cap simply means more dormant capital ready to be unlocked through its smart contract infrastructure.
#XRP #DeFi #FlareNetwork #Crypto #Blockchain
