Advertisement
AD

Main navigation

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

Advertisement
Wed, 27/04/2022 - 14:04
Ripple Names New Companies to Start Making NFTs on XRP Ledger Using $250 Million Creator Fund
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

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.

Advertisement

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.

Related

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.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD