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Ripple Unveils New NFT Projects Set To Benefit From $250,000,000 Web3 Creator Fund

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Payments firm Ripple has revealed the second batch of creators that will get 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 that the new set of creators that will benefit from the fund are those that build entertainment and media-focused NFT projects.

These include metaverse platform 9LEVEL9, which sells NFT tickets to virtual events such as concerts, conferences and award shows.

The other beneficiaries 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 allows NFT holders to access 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 creator economy by giving power back to the creators. We’ve seen real utility in NFTs with the art community and it is no surprise we are seeing tremendous growth from the entertainment and media industry as a way to cultivate relationships directly with their audiences and offer new content distribution channels.”

The first creators who received funding for their web3 NFT projects were announced in March.

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Featured Image: Shutterstock/Master1305

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