Ripple, a provider of crypto solutions for businesses, has announced the onboarding of another group of developers from its $250 million creator fund. The company stated that applications will be opened for a third wave of creators in the upcoming months.
Related: Delysium, DC Comics and other major Web3 projects join ImmutableX
The second group includes seven creators. 9LEVEL9 is a front-row metaverse experience that features virtual event tickets as NFTs. Anifie is an NFT marketplace that focuses on Japanese artists and creators. Capital Block can be described as an NFT platform for sports clubs, while SYFR Projects works on NFT IP agreements.
Cross-Metaverse Avatars is a tool that allows the design of unique NFT avatars. NFT Master is an XRP marketplace that will provide instant payment to creators using the XRP Ledger’s payment methods. Last but not least, Thinking Crypto, an NFT membership focusing on connecting holders to interviews and meetings with top names in the industry, will be part of the second wave.
Ripple’s RippleX VP of Growth, Markus Infanger, shared thoughts about the funding:
“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. With the support of our strategic partners and the Creator Fund, we look forward to helping fuel innovations built on the XRP Ledger.”
In the press release, the company stated that Web3 is wholely changing the entertainment and media industry, as this fund will aid creators with XRP Ledger’s “low-cost, instant settlement, and built-in royalty structures.” Ripple’s Creator Fund was launched a year ago to assist creators, inspire new business models, and further the NFT economy on the XRP Ledger.
