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@shenxcrypto

Co-founder @Gen3Labs | XRPL dUNL Validator
Australia Joined September 2019
1.1K Following 5.2K Followers 9.6K Posts

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Shen Verified account @shenxcrypto
This isn’t your usual flashy crypto company success story with millions of dollars and lambos. This is a real story of a group of extremely passionate builders and friends that created a sustainable and growing business within the XRP ecosystem, from nothing.

It all started with an idea between @madflyXRP and me, to bring gaming to the XRP ecosystem through @Zerpmon. From there, we were able to begin sustainably generating revenue, which allowed us to grow our development team and achieve greater goals with the game. This lead to receiving grant support from @RippleXDev speaking about the game at @rippleswell, and participating in the @xrpl_commons Aquarium program.

While continuing to develop Zerpmon, we expanded into supporting @TheRootNetwork by building core infrastructure like an NFT marketplace + DEX and managing developer relationships for the network with @TRNLabs. Through working alongside @futureverse it allowed us to keep growing our team and development capabilities.

And most recently, we began building the first native AI agent technology for the XRP Ledger, which lead us to begin working with extremely supportive partners like @victusglobal.

Now, Gen3 employs 10 people full-time, and we are building AI technology that has never been built before, and games with genre combinations that have never been explored before. It’s truly a dream come true.

The journey has not been easy, and we’ve had our fair share of ups and downs, but I could not be more proud of the insanely talented people I get to work with every day and call my team (and best friends).

We may not have millions of VC funding, or be driving around in fancy cars, but we’ve been able to build a growing business within the XRP ecosystem through sheer determination and passion and literally follow our dreams on a daily basis.

I hope that someone reading this is inspired by our journey and uses this as a chance to begin their own. Don’t let anything or anyone stop you, and don’t take no for an answer. There has never been a better time in the history of humankind to pursue that dream that you always wanted to pursue.

Finally, I just want to personally say thank you to every single person that has supported our products over the last 3 years and all the incredible people that have helped guide me through this journey. If someone told me 3 years ago where we would be today, I would not have believed them. I could not be more grateful for everyone I’ve met on this journey. Thank you, truly 💜

And of course, shoutout to the incredible Gen3 team: @Madfly_xrp, @markibanez, @GuillaumeEvt, @xPepeLink, @lag_lord3, Sahan, Jaden, Harinda, Poorna and @Moonman_NFT

And a massive shoutout to @zerpenator for capturing the Gen3 team so well 🫶
Gen3 Verified account @Gen3Labs Aug 16, 2025
After more than 3 years of building blockchain-integrated products, and many years of bear markets, Gen3 is proud to be bigger than ever

From gaming and AI products to developer relations and running grants programs, Gen3 has positioned itself as a leading development team on the forefront of new technologies

To celebrate all the milestones we've achieved over the last 3 years, we worked with the incredibly talented @zerpenator to capture how we've reached this point and what we are currently focused on

We really appreciate every single community member and partner that has supported us throughout this journey, without your support none of this would have been possible. From the bottom of our hearts, thank you - Gen3 team ❤️
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Shen Verified account @shenxcrypto
One of the most difficult decisions we’ve had to make at Gen3. After ~5 years of building on the XRPL (since before XLS-20), we sadly cannot justify to continue to pour time, money and energy into building retail-focused platforms.

We had the pleasure of pioneering a variety of different products within the XRP ecosystem, from one of the first gaming NFT collections (@zerpmon), to the very-first autonomous agents that could use XRPL primitives (@aigentdotrun), to XRP’s first prediction market (@AxiomProtocol_), to building all of the core marketplace/DEX infrastructure for XRPL Sidechain; TRN alongside Futureverse (@The_Tradeverse).
We experienced many ups and downs through these years, and witnessed the ecosystem go through many different changes and evolutions, but we are no longer able to see a future where we can sustainably run a retail-focused platform on the XRPL as a team of builders.

It really pains me to say this, as I’ve dedicated much of my life over the last 5 years to building on the XRPL, and have made many sacrifices in other parts of my life to fulfil this journey. Everyone at Gen3 put so much of their time, energy and commitment towards trying to build the platforms that will onboard the next generation of users to the XRPL, and I’m so proud of every single one of them, I could not have asked for a better or more talented team to work with over the last few years.

I’d also like to say thanks to everyone that supported us throughout this journey, XRPL Commons, RippleX, Tenity, DIFC, Futureverse, and Victus Global, just to name a few. And a massive thankyou to everyone who supported our platforms through using and sharing them, it meant the world to us and is primarily what kept us going for so long.

So where does this leave us? Gen3 will continue to be a part of the XRPL and support the evolution of the ledger but from a different angle. We will still operate and maintain our dUNL validator node, as well as reviewing/testing/discussing and voting on upcoming amendments. After building on the XRPL for so long, we have developed a deep technical understanding and appreciation for the technology and remain committed to supporting the technical growth of this ecosystem.

Personally, I will be taking a bit of a break from building and socials to “touch grass” and revive some of the parts of my life that have suffered from constant building day-in day-out for years. But, I’m sure eventually I’ll be back, there is something addictive about building around an asset like XRP…

It is such a shame that it has come to this, and the finger could be pointed in many different directions (including at ourselves), but I don't think that would do any good. I just hope that in the future those with the resources to support interesting and innovative builds on the XRPL actually put those resources into the ecosystem (something that feels like it has not been happening over the last couple years). There is a severe lack of funding opportunities for startups in the XRPL space that aren't already generating revenue from other chains or have strong relationships to those with the resources.

But, at the end of the day, no one owes anyone anything, and we're all just trying to follow what we think will improve the ecosystem and allow us to continue building on a daily basis. For us, we just don't believe that is through retail-focused platforms on the XRPL anymore. Personally, eyes are on the institutions.

Again, thanks to every single person that has supported us through this journey and that I've had the pleasure of meeting at some point, and can now call my friend. That is worth so much more than anything else we could have got out of this. 💜
Gen3 Verified account @Gen3Labs Aug 12
It is with heavy hearts that we've unfortunately had to make the difficult decision to spin down @aigentdotrun and @AxiomProtocol_ due to a lack of user demand and increasing infrastructure costs.

We will keep the platforms running for one more month until 13/09/2026, in order for users to have ample time to take out any funds left on the platforms.

Gen3 will continue to operate our core XRPL network infrastructure and participate in the technical evolution of the ledger through the amendment process but will no longer be prioritising building retail-focused platforms.

We really appreciate all the support the community has shown us on our platforms over the last 5 years building on the XRPL.
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Shen Verified account @shenxcrypto
Very excited to be mentoring @FlareNetworks Summer Signal Hackathon 🫡

A great opportunity to explore building on/integrating Flare and win some prizes for doing so!

Happy to help anyone who is interested in participating, please just reach out 🤝
Flare Devs Verified account @FlareDevHub Jun 30
Flare Summer Signal TL;DR:

A six-week online hackathon with $12,000 in prizes for builders creating useful products around interoperable assets and confidential compute.

Start from scratch, bring an existing app, or build the integration Flare still needs.

June 29 to August 14.

🔗 Register here: dorahacks.io/hackathon/flar…
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Shen Verified account @shenxcrypto
Seeing this happen more and more often recently within the XRPL

@StrobeFinance was a genuinely unique product within the XRP ecosystem that provided decentralised lending to the XRPL Mainnet through using the XRPL EVM Sidechain behind the scenes

If innovative products with no local ecosystem competition can't survive on the XRPL long-term, what kind of projects can? I seriously think some major changes need to be made in how retail-focused projects get supported on this chain.
Or is the XRPL only going to be for institutions?

Would love to hear other's thoughts on the matter, I'm truely saddened to see such a cool platform like Strobe leave the ecosystem
Strobe Finance @StrobeFinance Jun 23
Strobe is Winding Down
After careful consideration, we have made the difficult decision to wind down Strobe Finance. This post explains what is happening, what you need to do to retrieve your funds, and why we have reached this point.
We want to be clear and direct from the outset: your funds are safe. The most important part of this announcement is not the explanation, it is the action. Please read the timeline below and withdraw your funds.

What you need to do
1⃣If you have anything deposited or borrowed at Strobe, please act now rather than later.
2⃣All new deposits and borrowing are disabled as of today.
3⃣If you have deposited funds, withdraw them as soon as possible.
4⃣If you have an open borrow position, repay your loan first to release and keep your collateral, then withdraw.
5⃣The simplest and safest path is to be fully out before 13 July.

Timeline
📆Today — Deposits and borrowing are disabled. Please begin repaying and withdrawing.
📆13 July — We will begin to liquidate any unpaid borrowing on this date. This is a protective measure: it ensures no one becomes trapped if liquidity runs low as others exit. If you have borrowed, repay before this date so your collateral is released to you rather than sold to cover the debt.
📆13–20 July — The app at app.strobe.finance will remain open for withdrawals only, giving everyone time to exit in an orderly way. All social channels will be closed, X will remain to provide instructions for contract withdrawal only.
📆20 July — The front end closes permanently. After this date, funds can only be withdrawn directly from the smart contracts. We will publish a step-by-step guide to walk you through this, but withdrawing before 20 July through the app is far simpler.

To put it plainly: out before 13 July is best; out before 20 July is essential.

A note for borrowers
We want to be especially clear here, because this is the part that matters most if you have an open loan.
On 13 July, any position still open will be liquidated. Liquidation means your collateral is sold to repay what you owe. To avoid this and keep your collateral, repay your borrow position first, then withdraw your deposit. Please do not wait for the deadline.
The liquidation step exists to protect lenders. As funds leave the protocol, available liquidity falls. By closing out remaining positions on a known date, we make sure no one is left unable to exit because the liquidity to do so is gone. Standard liquidations fees will apply, therefore it is in your best interest to complete the transaction yourself.

A note for lenders
You may need to be patient and wait for the borrowers, or the liquidations, to free your capital before you can withdraw.

Why we are closing
Strobe launched with the initial funding needed to reach mainnet. Beyond that point, however, we were unable to secure the follow-on support — through grants, angel investors, or venture capital — required to sustain the protocol's operations over the long term. We pursued these routes in earnest, and they did not come through.
As total value locked declined, the modest fees the protocol earns no longer covered our monthly running costs. That gap has been widened by the broader market environment, with XRP trading more than 60% below where it sat at our launch.
The XRPL EVM Sidechain, which was central to what we set out to build, is also no longer a primary focus within the wider Ripple ecosystem. A core part of our original proposition rested on that foundation continuing to be a priority.
Throughout all of this, our team has contributed hundreds of hours, unpaid, to keep Strobe running. We have done so gladly, but it is no longer sustainable, and we have reached the honest limit of what goodwill alone can carry.

Thank you
To everyone who deposited, built alongside us, tested, gave feedback, and believed in the idea of native DeFi on the XRP Ledger — thank you. We are proud of what we shipped. We brought a working, audited, non-custodial money market to a chain that had never had one, and we did it with a small team and limited resources. We are genuinely sorry it could not continue.
Please withdraw your funds before 13 July. We will keep the community updated, publishing the direct-withdrawal guide ahead of 20 July closure

Team Strobe.
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