Another wave of music, gaming and sports creators is coming to launch their projects with help of Ripple’s initiative for NFT creators
According to a recent blog post published by Ripple, the second wave of creators has joined Ripple’s $250 million fund for NFT creators. The fintech giant announced its first group of creators in the spring.
They are focusing on NFT projects related to entertainment, bringing new use cases for tokenizing things on XRPL.
These creators are creating new practical use cases in gaming, media, metaverse and music on the XRP Ledger (XRPL) – a streaming music show based in Japan, a marketplace used by sports clubs, crypto news podcast is coming . on a daily basis, etc. These projects assume the creation of NFTs as well as underlying royalties and co-ownership.
Ripple’s Creator Fund is here to help
At the end of April, Ripple Labs spread the news about the first wave of creators to join its $250 million fund created to support innovation in the sphere of tokenization, and in particular the launch of NFTs on XRP Ledger in spheres like media, real estate, sports, music, carbon credits and many others.
The fund provides a variety of support, primarily financial, as well as a technical basis for teams working on their NFTs. Ripple aims here to support and accelerate the future of the coin.
In the blog post, Ripple names particular projects that are part of a new wave of NFT creators to be sponsored by the San Francisco-based fintech giant, Ripple.
So far, more than 5,000 applicants have applied to join the Creator Fund established by Ripple.
