Ripple, a rising blockchain company, has announced that it has onboarded around 4,000 musicians, content creators and game designers to its NFT platform. It also offers a Creator Fund valued at more than $250 Million.
This blockchain producer, launched Sep. 20,21, aims to support artists, creative agencies, such as Mintable and MintNFT.
The creator fund will be distributed on a batch basis with a varying theme for each “wave” of applications.
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Nick Rose is Ethernal Labs’ chief executive officer, and the founder.
“This partnership allows us to bolster the Web 3 ecosystem by pioneering cross-chain interoperability and bringing NFTs and digital assets to the masses.”
This batch featured notable artists such as Justin Bua and Steven Sebring (filmmaker), as well as xPunks. The convocation has brought together a diverse group of artists.
“I am extremely excited to be one of the first visual artists working with Ripple to bring life to my artistic vision in this tokenized world and lend the support I need to grow the BUA community,” said Justin Bua.
Total market cap of XRP at $37.81B on weekend chart | Source: TradingView.com
Ripple Creator Fund
Independent and novice creators are welcome to submit their work for the Creator Fund’s next wave of applications.
Ripple has been the only marketplace that is creator-centric. With the support of XRP Ledger, Ripple will help creators build their communities and grow their career.
The ongoing wave’s theme will be released in the second quarter. The rotation themes will allow the current NFTs to use cases on the Ledger, with various themes exploring Media & Entertainment, Sustainability and Real Estate.
Web 3.0: Real Utility and Benefit
Launch of NFT-Devnet was a beta environment that aims to support more NFT creators within the industry. This marked a turning point in the industry.
Ripple has begun to venture into Web 3.0 using cases that tokenize assets. According to one report, Ripple had just invested $100,000 in Feeturre (an entertainment and music platform).
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Web 3.0 will be available due to the utility enhancement of the XRP Ledger environment. Feeturre, a marketplace that uses XRP Ledgers to increase their utility, will be able to charge lower fees and have faster settlement times.
Monica Long (general manager, RippleX app development arm) commented on NFT’s growing pace and need to realize its full potential.
“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.”
From March 11 to March 20, 2022, Ripple will host the Ripple House at the South by Southwest festival in Austin, Texas.
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