Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform
13 Mars 2022 - 04:12PM
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Rising blockchain company Ripple has announced the onboarding of
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. Launched in Sep. 2021, the blockchain
producer is aiming 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. Related Article |
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Hold Nick Rose, Ethernal Labs chief executive officer and founder
said: “This partnership allows us to bolster the Web 3 ecosystem by
pioneering cross-chain interoperability and bringing NFTs and
digital assets to the masses.” Notable artists onboarded for this
batch include Justin Bua, filmmaker Steven Sebring, and xPunks.
They have come together to connect the convocation of diverse
artists. “I am extremely excited to be one of the first visual
artists working with Ripple to bring life to my artistic vision in
this tokenized world and lend the support I need to grow the BUA
community,” said Justin Bua. XRP total market cap at $37.81 billion
on the weekend chart | Source: TradingView.com Ripple Creator Fund
For the next application waves, independent and rookie creators can
also shoot their material to join the Creator Fund. As the only
creator-centered platform in the market, Ripple is firm with its
goal of assisting creators to grow their careers and build their
community with the help of XRP Ledger. The theme of the ongoing
wave will be announced in the second quarter of the year. The
rotation themes will allow the current NFTs to use cases on the
Ledger, with various themes exploring Media & Entertainment,
Sustainability and Real Estate. Real Utility And Web 3.0 The launch
of the NFT-Devnet, a beta development environment seeking to assist
more NFT creators in the industry, signaled a new turn in the
industry. Ripple is slowly venturing into the world of Web 3.0 with
the use of cases for tokenized assets. One report said that it had
recently invested $100,000 to Feeturre, an entertainment and music
marketplace. Related Article | Apple Co-Founder Steve Wozniak
‘Feels’ Bitcoin Will Be Worth $100,000 The entry to Web 3.0 is due
to the possible utility increase of the XRP Ledger ecosystem. With
the addition of their ledger, marketplaces like Feeturre will have
lower fees and quicker settlement processes. Monica Long, the
general manager of the app development arm RippleX, commented on
the growing pace of the NFT market and the need to maximize its
potential: “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.” From March
11 to March 20, 2022, Ripple will host the Ripple House at the
South by Southwest festival in Austin, Texas. Featured image from
CryptoPotato, chart from TradingView.com
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