Dev Null Productions has announced its departure from the XRP Ledger (XRPL), following in the footsteps of Alloy Network. The engineering firm, known for its reliable digital solutions, cited Ripple leadership’s prioritization of personal gains over the interests of retail investors as the reason for its decision. Dev Null Productions stated that it would no longer support or recommend XRP to individuals or organizations.
In a detailed post titled “The end of an era: Adieu XRP,” Dev Null Productions highlighted its significant contributions to the XRPL over the past six years. These contributions included the development of rippled source code, rippled analysis, xrpintel, Ledger City, and more. The firm expressed concerns about the future of the ecosystem, emphasizing a major gap in Ripple’s leadership. According to Dev Null Productions, the leadership lacks trust in XRP, as evidenced by their recent decision to sell their holdings, which negatively affects retail investors.
The firm criticized the XRPL Foundation (XRPLF) for prioritizing its own objectives at the expense of the supportive community. Instead of focusing on the ecosystem’s general well-being, the Foundation has directed its attention towards selling wallet and proprietary services through its private organization. Dev Null Productions also accused Ripple’s leadership of taking credit for the innovations of others and passing them off as their own projects. The firm found this behavior “shameful and dishonorable” for leaders of a Non-Profit Foundation.
Dev Null Productions further explained that its decision to leave the XRPL ecosystem was fueled by frustration with the project’s lack of progress in terms of performance over the years. This aligns with the reasons recently reported by Crypto News Flash. The firm expressed disappointment with XRP’s underperformance in the markets, stating that it consistently lags behind other assets. They emphasized the importance of recognizing when to cut losses and move on.
In response to Dev Null Productions’ post, Ripple CTO David Schwartz acknowledged the challenges of holding XRP without selling. He mentioned that due to tax obligations, he would be required to sell half of any XRP bonus he receives quickly. However, he did not address the other accusations raised by the firm.
As a result of these developments, XRP experienced a decline of 4% in the last 24 hours, trading at $0.62 at press time.
