Enterprise blockchain and crypto firm Ripple has unveiled the first independent creators to receive funding for their NFT projects through Ripple’s Creator Fund.
Launched in September 2021, Ripple’s Creator Fund is a $250 million commitment to help creators get started with their state-of-the-art NFTs. The fund has attracted nearly 4,000 applications to date.
Its built-in decentralised exchange (DEX) provides fast settlement for tokenised assets of all types, including NFTs. Last May, Ripple proposed XLS-20, a standard that would support a native NFT type and seamless NFT experience on the XRP Ledger.
Independent creators – from artists to musicians, to game designers and builders – can apply to Ripple’s Creator Fund. Ripple integrates marketplaces and creative agencies – such as existing partners Mintable, mintNFT and VSA Partners – to help creators grow their communities and navigate their path to minting with the XRP Ledger.
Moving forward, the fund will continue to support creators on a rolling basis with themes for each wave of applications. Future themes will explore Media & Entertainment, Sustainability and Real Estate.
“NFTs have very quickly proven to have real utility within crypto—from digital experiences and rewards to artist royalties, co-ownership of real-world assets and more,” said Monica Long, GM of RippleX at Ripple.
“By way of our Creator Fund and strategic partners, we’re leading more creators into the tokenized future and bringing their NFT apps and use cases to life on the XRP Ledger.”
Sebring Revolution
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Ethernal Labs
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NFT PRO
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xPunks
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