Ripple has unveiled the final teams of NFT makers to join the company’s Creator Fund that offers $250 million of funding
According to a recent blog post, blockchain service provider Ripple has added the final teams of NFT makers to the list of those who will use Ripple’s Creator Fund in the first wave. Projects selected by this fund will render “problem-centric utility” of non-fungible tokens (NFTs), such as carbon credits, real estate, media, and more.
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 was created to help NFT makers launch their products on XRP Ledger. To date, more than 4,000 creators have applied to use the fund, which offers creators money, as well as creative and technical support. Among those approved to use Creator Fund benefits 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.
In the blog post, Ripple also announced a new collaboration with Momento NFT and WENEW Labs 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 at the end of September last year.
