Monday, January 30, 2023
HomeNFTRipple Unveils First Recipients of Financing of Independent NFT Initiatives

Ripple Unveils First Recipients of Financing of Independent NFT Initiatives

Ripple Unveils First Recipients of Financing of Independent NFT Initiatives
  • The subject of Wave 1 will be unveiled in the second quarter.
  • Applicants for Ripple’s Creator Fund must be self-employed creators of any kind.

Enterprise blockchain and crypto solutions pioneer Ripple has announced the first financing recipients for its NFT initiatives through Ripple’s Creator Fund. XRP Ledger (XRPL) integration allows NFT marketplaces NFT PRO, Ethernal Labs and onXRP to provide consumers with a more efficient, low-cost, and carbon-neutral NFT experience. As a result, the global NFT industry exceeded $25 billion in sales in 2021.

xPunks, a group that had a significant impact on the NFT ecosystem, and Steven Sebring, a multi-award-winning artist, filmmaker, and photo-scientist, were just a few of the notable artists that got their start with Ripple’s Creator Fund. In addition, the XRP Ledger’s quick settlement, built-in royalty structures, and co-ownership features of the XRP Ledger are kindling a community of independent producers to jumpstart new NFT ventures.

Self-employed Creators From Any Field

Applicants for Ripple’s Creator Fund must be self-employed creators of any kind, including visual artists, musicians, game designers, and builders. A unique selling point of Ripple is its ability to bring together markets and creative agencies like Mintable, mintNFT, and VSA Partners to assist artists in building their communities and navigating their way to XRP Ledger minting. It is expected that as time goes on, the Fund will continue to provide grants to deserving producers on a rolling basis, according to thematic categories.

The first wave of creators includes individuals who submitted ideas focusing on NFT use cases—ranging from the Metaverse & Gaming to Art & Collectibles; the subject of Wave 1 will be unveiled in Q2. In addition, the XRP Ledger will be able to explore new and current NFT use cases, such as Media & Entertainment, Sustainability, and Real Estate, as a result of these topics.

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