Ripple Labs, the blockchain company standing behind the development of XRP cryptocurrency, initiated a $250 M fund to encourage creators of NFTs.
🎤 We’re incredibly excited to launch our $250 million Creator Fund to enable creators to explore new use cases for #NFTs on the #XRPLedger and engage more deeply with the communities they care about. https://t.co/FJTsGET81C— Ripple (@Ripple) September 29, 2021
Apart from art and collectibles, the fund will back other use cases, among them user-environment connection and fractional holdings.Ripple informed that the initial partners for the fund are NFT platforms Mintable, mintNFT, and creative agency VSA Partners.
Various actors in the NFT sector such as artists, brands, agencies and trading platforms can apply.