Ripple launches USD 250 million Creator Fund for NFT projects

Wednesday 29 September 2021 15:10 CET | News

US-based payment service provider, Ripple, has announced a USD 250 million fund to provide creators with the financial, creative and technical support needed to explore and craft NFTs.

By providing creative and technical support to a diverse array of marketplaces, creators, artists and brands, Ripple’s Creator Fund seeks to enable longtail use cases for tokenisation—for example, interactive experiences and fractional ownership.

Ripple is teaming up with NFT marketplaces and agencies who recognise the potential of tokenised assets and, as part of the launch, will have first access to the fund. Together, Ripple’s Creator Fund and its partners are accelerating the evolution of NFTs while eliminating the difficult points associated with crafting compelling projects: Mintable, VSA Partners, and mintNFT, a project to build the NFT 2.0 experience leveraging the XRP Ledger to connect fans with premium brands, content owners, and talent.

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Keywords: Ripple, NFT, blockchain, funding
Categories: DeFi & Crypto & Web3
Countries: United States
This article is part of category

DeFi & Crypto & Web3