Ripple has launched a new program named Ripple onboards NFT creators. It was announced a couple of days ago. If you are excited about the news, here is a post about you.
Rising blockchain company Ripple has announced enrolling around 4,000 singers, musicians, content creators, game designers, and other artists into its NFT platform with a Creator Fund worth more than $250 million. This will provide a lot of assistance to the artists and other NFT creators.
We will be discussing Ripple Onboards NFT Creators, how you can apply for it, the key features of this program, and how it can benefit NFT creators. So, without losing time, let’s start.
Ripple Onboards NFT Creators
The blockchain producer Ripple aims to support artists and creative agencies like Mintable, MintNFT, VSA Partners, NFT PRO, Ethernal Labs, and onXRP. The creator fund will be distributed on a batch basis with a varying theme for each “wave” of applications.
Nick Rose, Ethernal Labs chief executive officer, and founder said:
“We are incredibly excited for Ethernal Labs to be a partner of Ripple’s Creator Fund and integrate the XRP Ledger. This partnership allows us to support the Web 3 ecosystem by pioneering cross-chain interoperability and bringing NFTs and digital assets to the masses.”
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This will provide customers with a faster, lower-cost, and carbon-friendly NFT experience. Author and producer Justin Bua, filmmaker Steven Sebring, and xPunks are newcomers to this program.
The NFT-Devnet, a beta development environment designed to improve support for NFTs on the XRP Ledger and decrease the technological barrier for aspiring NFT producers, was launched in January 2022. The General Manager of the app development arm RippleX, Monica Long, said of the rapid pace of the NFT space, “NFTs have very quickly proven to have real utility within crypto—from digital experiences and rewards to artist royalties, co-ownership of real-world assets, and more.”
What Is XRP Ledger?
The XRP ledger is the cryptocurrency token of Ripple. The XRP Ledger has a decentralized exchange for all tokenized assets, including NFTs. Ripple has stated that the fund would continue to grant funding to creators whose work falls into numerous categories per application wave. According to new and existing NFT use cases on the XRP Distributed Ledger, the present producers will focus on metaverse, gaming, art, and collectibles themes.
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What Is Ripple Creator Fund In Ripple Onboard NFT Creators?
It is a tokenized future that will transform the way people buy, sell and manage all kinds of assets is becoming a reality today. Ripple’s Creators Fund provides $250 million to enable all creators and their partners to kickstart their participation in this new era.
Who Can Apply For Ripple Creators Fund?
Creators and Brands: All types of creators and artists, performers and athletes, and global brand representatives want to create innovative experiences for fans and open new revenue streams.
Agencies: Creative and talent management agencies that are seeking to provide clients a low-risk way to experiment with and promote NFTs
Marketplaces: Innovators at digital marketplaces that are looking to integrate with the XRP Ledger, bring top talent to their platforms, and deliver a seamless NFT experience for developers.
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What Are The Key Features Of The Ripple Creators Fund?
- Technical support to integrate with the XRPL.
- Co-marketing and creative agency support for NFT creation and promotion.
- Access to XRPL marketplace partners that provide seamless NFT experiences for both creators and developers.
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Wrapping Up
We have discussed the Ripple Onboards NFT Creators program launched by Ripple in detail. It is an efficient program for artists to step in and take benefit of this program. You can start by enrolling in this program. This will provide you with the key features that we have already mentioned.
Keep exploring our website to know more about NFTs.
Frequently Asked Questions
Q1. Is XRP An NFT?
In 2021, Ripple (XRP) aggressively began positioning itself in the growth space of NFTs.
Q2. Can You Buy NFT With XRP?
Unlike NFTs, ETH is a fungible token, as it has a shifting yet comparative value on the exchange rate. Ripple is already toying with setting up NFTs on their Blockchain, at which point you’ll be able to use XRP to fund your NFT creation or purchases.
