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SAN FRANCISCO–(BUSINESS WIRE)– Ripple, the leader in enterprise blockchain and crypto solutions, today unveiled the second wave of creators to receive funding for their Web3, non-fungible token (NFT) projects through Ripple’s Creator Fund. With Web3 transforming the entertainment and media industry specifically in music, the selected Creator Fund projects will bring to life use cases for tokenization in these sectors by leveraging the power of XRP Ledger’s low-cost, instant settlement, and built in royalty structures – maximizing value for creators and their communities to consume content.
The independent creators focused on building functional use cases in entertainment and media on the XRP Ledger include:
“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,” said Markus Infanger, RippleX VP of Growth at Ripple. “With the support of our strategic partners and the Creator Fund, we look forward to helping fuel innovations built on the XRP Ledger.”
Launched a year ago, Ripple’s Creator Fund is a $250 million commitment to help creators with the financial, creative, and technical support needed to explore and craft NFTs and other tokenization projects on the XRP Ledger. Notable quotes from this year’s Wave 2 Creator Fund recipients:
Independent creators can apply for Wave 3 in the coming months. For more information on Ripple’s Creator Fund, please visit: https://ripple.com/creatorfund/.
Ripple is a crypto solutions company that transforms how the world moves, manages and tokenizes value. Ripple’s business solutions are faster, more transparent, and more cost effective – solving inefficiencies that have long defined the status quo. And together with partners and the larger developer community, we identify use cases where crypto technology will inspire new business models and create opportunity for more people. With every solution, we’re realizing a more sustainable global economy and planet – increasing access to inclusive and scalable financial systems while leveraging carbon neutral blockchain technology and a green digital asset, XRP. This is how we deliver on our mission to build crypto solutions for a world without economic borders.
About XRP Ledger:
The XRP Ledger (XRPL) is an open source, public and decentralized Layer 1 blockchain led by a global developer community. It is fast, energy-efficient, and reliable. For more than ten years, it has been the blockchain best suited to enable settlement and liquidity of tokenized assets at scale. With ease of development, low transaction costs, and a knowledgeable community, it provides developers with a strong open-source foundation for executing on the most demanding projects – without impacting the XRPL’s lean and efficient feature set. XRPL enables a wide variety of services and use cases including payments, decentralized finance, and tokenization. Learn more at XRPL.org.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221018005201/en/
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