Ripple Reveals New NFT Projects To Benefit From $250,000,000 Web3 Creator Fund
Payments firm Ripple has revealed the second group of creators who will receive a share of its $250 million Creator Fund, which was launched to promote non-fungible token (NFT) projects on the XRP Ledger (XRPL).
The San Francisco-based company says the new set of creators who will benefit from the fund are those building entertainment and media-focused NFT projects.
These include the metaverse platform 9LEVEL9, which sells NFT tickets to virtual events such as concerts, conferences and awards ceremonies.
The other recipients include Japanese metaverse music show Anifie, sports-centric NFT agency Capital Block, NFT avatar design tool Cross-Metaverse Avatars, NFT marketplace NFT Master, intellectual property production company SYFR Projects, and the ThinkingCrypto project, which gives NFT holders access to exclusive interviews with leading personalities in the crypto space.
Ripple’s Creator Fund was launched in September 2021 to provide financial, creative and technical support to creators working on use cases for NFTs on the XRP ledger.
Says Markus Infanger, RippleX VP of Growth at Ripple,
“Web3 technology continues to transform the creative economy by giving power back to creators. We’ve seen real utility in NFTs with the arts community, and it’s no surprise we’re seeing tremendous growth from the entertainment and media industries as a way to cultivate relationships directly with the audience and offer new content distribution channels.”
The first creators to receive funding for their web3 NFT projects were announced in March.
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Featured image: Shutterstock/Master1305
