“Web3 technology…[is] put power back into the hands of the creators.”
So says RippleX Vice President of Growth Markus Infanger, who welcomes the newest creators to join Ripple’s Creator Fund. Announced today, the second wave of partners is focused on entertainment NFT projects and aims to unlock new tokenization use cases on the XRP Ledger (XRPL).
This diverse group of independent creators build functional use cases for games, music, media and the metaverse on XRPL. From a music show in Japan to a marketplace for sports clubs to a daily podcast covering crypto news, all of these projects take advantage of XRPL’s inherent speed, cost and sustainability benefits, as well as its upcoming NFT features such as built-in royalty structures and co-ownership.
Unlocking the future of tokenization
Ripple’s Creator Fund is a $250 million commitment to foster innovation in tokenization, facilitate the creation of functional NFTs on XRPL in arenas such as real estate, media, carbon credits and more.
The creator fund provides financial, creative and technical support to help NFT creators bring their projects to life on XRPL, push the boundaries of what is possible and explore new uses for NFTs. Through the Creator Fund, Ripple hopes to accelerate the future of tokenization led by a new generation of creators:
- 9LEVEL9: A metaverse experience that provides a unique “front row seat” to live and virtual concerts, productions, conferences and award ceremonies through NFT tickets.
- Anifie: A Japanese metaverse music show that provides customizable NFT avatars and digital clothing that will soon be secondary enabled on the XRP Ledger.
- Capital Block: A leading Web 3 destination for sports club fans worldwide to purchase digital assets and access exclusive content, games and Web 3 rewards.
- Cross-Metaverse Avatars: An avatar tool for designing and creating unique, cross-metaverse NFT avatars by mixing traits from fan-favorite NFT projects and brands.
- NFT Master: The first XRPL marketplace that will enable creators to upload videos and get paid instantly using the XRP Ledger or using their issued NFTs as a streaming pass.
- SYFR Projects: An IP production company for artists complete with innovative music and video deals that can be digitized as smart deals on the XRP Ledger.
- Think Crypto: An NFT project that will allow holders to access exclusive interviews with top crypto leaders in the space.
Unleash functional NFTs with XRPL
Creator Fund recipients can benefit from XRPL as a fast, affordable, carbon-neutral blockchain purpose-built for use cases such as payments, DeFi and more. Its native token functionality, ease of use and built-in royalties allow value to move at scale – without the need for Layer-2 protocols or smart contracts.
NFT-Devnet released in January adds to the value proposition for creators by pre-programming key NFT requirements such as minting, burning and trading on XRPL. Importantly, XRPL is much more efficient than other proof-of-work blockchains and is the first major blockchain to be carbon neutral, allowing NFTs to be created and executed in a sustainable manner.
Together, these features and benefits make XRPL the go-to blockchain for NFT creators and utility-based NFTs.
To date, more than 5,000 applications have been submitted by creators who wish to participate in Ripple’s Creator Fund. Applications for Wave 3 will be accepted later this year. For more information, visit
