Monday, June 27, 2022
Home Crypto News Market Ripple Announces First NFT Recipients for Its $250 Million Creator Fund  

Ripple Announces First NFT Recipients for Its $250 Million Creator Fund  

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Ripple Announces First NFT Beneficiaries for Its $250 Million Creator Fund.  



Popular blockchain company Ripple has announced that it has selected the first recipients of its $250 million non-fungible token (NFT) Creator Fund initiative. 

Ripple noted in an announcement that some of the fund’s beneficiaries include individual creators like musicians, game designers, artists, developers, and entrepreneurs. 

Beneficiaries of the Fund

The blockchain company noted that it already has some notable creators engaging with its Creator Fund to continue the constant development of its NFT projects. 

The initial beneficiaries of the Ripple’s Creator Fund include award-winning artist and author Justin Bua and filmmaker and photo-scientist Steven Sebring. Other creators that have benefited from Ripple’s Creator Fund program include Ethernal Labs, xPunks, and NFT Pro. 

Commenting on the partnership, Justin Bua expressed his excitement for being among the first visual artists to work with Ripple, a move that would bring his artistic vision into the metaverse. 

“Using the XRP Ledger delivers a proven, user-friendly, and secure NFT experience for creators like myself and community members in an open and inclusive environment,” Bua added. 

Sebring, who is also one of the first beneficiaries of the fund, also commented on the deal, saying: 

“With great gratitude, the team at Sebring Revolution is looking forward to this partnership with Ripple and the opportunity to capture moments of pure photographic reality that will be offered as NFTs using the XRP Ledger.” 

Other initial beneficiaries of the Creator Fund, such as NFT Pro, Ethernal Labs, and xPunks, collaborated with Ripple to integrate the XRP Ledger (XRPL) to provide faster and lower-cost NFT developments to their growing clients. 

Meanwhile, as Crypto Basic reported earlier, the popular music marketplace Feeturre was awarded a $100,000 grant to enable the company to tap the XRPL for its various NFT projects. 

Ripple’s Creator Fund

Recall that Ripple launched the $250 million Creator Fund last September, calling on creators of various non-fungible token projects to apply in order to get the necessary support to foster their NFT developments. 

Earlier this year, Ripple announced that it had received nearly 4,000 applications from creators globally seeking to benefit from the funding. 

 

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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