Digital artists and developers of solutions for non fungible tokens will be able to receive funding.
Ripple has announced the launch of its $ 250 million Creator Fund to support the non fungible token (NFT) industry. Funding will be available for digital artists and NFT solution developers.
🎤 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
In addition to funding, Ripple is ready to provide industry representatives with technical support for creating NFT tokens based on the XRP Ledger (XRPL) blockchain.
The fund was launched by the company in partnership with creative agency VSA Partners and NFT marketplaces MintNFT and Mintable.
Last week, it became known that Ripple has partnered with the Royal Monetary Authority of Bhutan (RMA) in a pilot test of the national digital currency (CBDC).
Ripple claims that the company will be able to provide cheap and fast payments with a dedicated CBDC solution based on XRP Ledger’s distributed ledger.
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