Ripple has opened a third wave of the $250 million Creator Fund to help creators launch NFT projects on XRPL.
Ripple has opened a third wave of the $250 million Creator Fund to help creators launch NFT projects on XRPL. As stated by the company, to be a grant applicant, a project must be centered around digital and physical goods, be independent, be close to completion and be focused on long-term growth, specifically on XRP Ledger. Funding for projects will range from $25,000 to $250,000, depending on project requirements and maturity level.
? Wave 3 of our $250 million Creator Fund is now open! This wave seeks creators building digital and physical NFTs, though applications across all use cases are welcome. Submit your application by December 30. ?https://t.co/RsGxuKw36O
— Ripple (@Ripple) October 25, 2022
The $250 million Creator Fund was launched by Ripple just over a year ago to fund a program to learn about the NFT industry and sponsor developers and creators. In addition, the company’s big ambition was to compete in this field with the absolute leader of the NFT market, Ethereum.
In particular, the studio MINTNFT, which has already collaborated with the global luxury brand Balmain at Paris Fashion Week, graduated from the foundation’s program.
Support is not just money
In addition to financial incentives for those NFT creators who want to build and develop their products on XRP Ledger, Ripple is also encouraging blockchain technology development in this new digital field.
The talk is about the XSL-20 amendment, which is designed to allow blockchain to go above and beyond in the minting and distribution of XRPL-built NFT projects. Although the launch of the innovation did not go smoothly, its long-awaited implementation is due to take place in five days. #XRPL #XRP #Ripple News
Source: U.Today
Related: $2.3 Trillion Liquidity Shock: Franklin Templeton Says XRP Is Next in Line for Massive Inflows
Quick Summary
Ripple has opened a third wave of the $250 million Creator Fund to help creators launch NFT projects on XRPL. As stated by the company, to be a grant applicant, a project must be centered around digital and physical goods, be independent, be close to completion and be focused on long-term growth, specifically on XRP Ledger.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
