Ripple Names New Companies to Start Making NFTs on XRP Ledger Using $250 Million Creator Fund

AnalysisRipple Names New Companies to Start Making NFTs on...



Yuri Molchan

Ripple has unveiled the final teams of NFT makers to join the company’s Creator Fund that offers $250 million of funding

According to a recent blog post, Ripple blockchain service provider has added the final teams of NFT makers to the list of those who will be using Ripple’s Creator Fund in the first wave. Projects selected by this fund will be making a “problem-centered utility” of non-fungible tokens (NFTs), such as carbon credits, real estate, media, etc.

The $250 million fund set up especially for this purpose will allow dev teams to utilize XRP Ledger to create and launch their NFT projects.

Ripple’s fund has been created to help NFT makers launch their products on XRP Ledger. By now, over 4,000 creators have filed their applications to be able to use the fund that offers creators money, as well as creative and tech support. Among those who have been approved to use the benefits of the Creator Fund are Justin Bua, Steven Sebrig and Michael Jordan.

Now, among the newly approved projects to join in are Rare Air Media, NFT artists Cecey Meadem and Jessica Ragzy, and others.

Ads

In the blog post, Ripple also announced a new collaboration with Momento NFT and WENEW Labs in order to provide better conditions for NFT creators.

In the first week of April, Ripple launched XRP Ledger version 1.9.0. It contained amendments to the XRP Ledger protocol in order to support native NFTs on XRPL.

The launch of the Ripple Creator Fund was announced in late September of last year.



Learn more

Latest news

IOTA’s Shimmer Network Officially Launches: Details

Gamza Khanzadaev IOTA Foundation provides major development with Shimmer mainnet launch It has been announced that the IOTA Foundation's Shimmer...

XRP Lost 50% of What It Gained in Last 12 Days, Here’s Main Reason Why

Arman Shirinyan XRP is losing most of its gains, and upward reversal remains unlikely scenario Contents Half of what has been...

Cardano (ADA) to Start Trading on Japan’s Bitbank Exchange

Alex Dovbnya Yet another Japanese exchange is on track to add support for the Cardano (ADA) cryptocurrency Tokyo-based cryptocurrency...

GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns

Within 20 minutes, Global Shipping Business Network (GSBN) is able to undertake a pilot transaction of unifying the...

First Mover Asia: Bitcoin Holds Strong Over $19K; Why Is the Dollar Dominating?

The largest cryptocurrency by market capitalization has weathered severe macroeconomic uncertainty in recent weeks to maintain its current...

Must read

IOTA’s Shimmer Network Officially Launches: Details

Gamza Khanzadaev IOTA Foundation provides major development with Shimmer...

XRP Lost 50% of What It Gained in Last 12 Days, Here’s Main Reason Why

Arman Shirinyan XRP is losing most of its gains,...

You might also likeRELATED
Recommended to you