Miguel Cordon · · 1 min readRipple’s $250m fund invests in first batch of NFT projects
Ripple, a global payments and blockchain solutions provider, has named the first batch of creators to receive funding for their NFT projects through its US$250 million Creator Fund.
Ripple CEO Brad Garlinghouse / Photo credit: Ripple
Since launching in September 2021, Ripple said its NFT-focused fund has attracted nearly 4,000 applications. These include those from independent creators like artists, musicians, game designers, and builders.
Ripple said its fund is currently the only creator-centered fund connecting artists with marketplaces and creative agencies such as its partners Mintable, MintNFT, and VSA Partners. Moving forward, the Creator Fund will continue to support creators on a per batch basis with themes for each “wave” of applications.
Notable creators that have received support from the fund include author, producer, and entrepreneur Justin Bua; filmmaker Steven Sebring; and xPunks (a set of 10,000 unique NFTs).
Additionally, NFT marketplaces NFT Pro, Ethernal Labs, and OnXRP have teamed up with Ripple to integrate XRP Ledger – a public blockchain – into their platforms.
See Also: How a Singapore crypto startup became a unicorn in just 2 years
Editing by Collin Furtado and Jaclyn Tiu
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