Ripple XRP Ledger ry launches new $ 250M Creator Fund for NFT development at CryptoNinjas

Enterprise blockchain and crypto solutions provider Ripple today announced a 250 million fund to provide the financial, creative and technical support needed to explore and create premium non-fungible tokens (NFT) and other tokenization projects on XRP lasers. .

Higher interest in global NFTs has introduced new revenue streams and business models while deepening mainstream relationships with communities, people and the things they care about. However, when it comes to creating sophisticated NFTs, many manufacturers face barriers to entry সহ including their fear of not selling NFTs and a lack of understanding of navigating different NFT concepts. Meanwhile, developers understand the high transaction fees and poor user experience.

Although the digital industry and collectibles have rapidly gained public interest and popularity, the usefulness of NFTs is much greater in this use. By providing creative and technical support to various marketplaces, creators, artists and brands, Ripples Creator seeks to enable long-term use for fund tokenization – for example, interactive experience and fractional ownership.

Ripple is teaming up with innovative NFT marketplaces and creative agencies who recognize the potential of this unique tokenized asset and will have first access to funding as part of the launch.

The Ripples Creator Fund and its partners address the pain points associated with creating compelling projects while accelerating the evolution of NFTs.

1. Mintable

Mintable is the next generation non-fungible token (NFT) marketplace built on blockchain. Launched in 2018, Mintable NFT has taken the industry forward by designing gasless minting, batch minting and royalty, empowering artists and manufacturers to monetize their work through NFT.

Mintable’s gas-free minting option allows everyday individuals to engage with NFT without any prior knowledge of coding or the advanced cost of mining resources একটি a great way for everyone to get into crypto.

In 2021, Mintable announced its support for a list of high-powered investors, including famous venture capitalist and television personality, Mark Cuban, a venture capital firm founded by Sound Ventures, Ashton Kutcher, and Guy Osiris, and Time Ventures, Investments. Funding Mark Benioff.

To date, Mintable has sold and auctioned works by Grammy Award-winning artists, twentieth-century avant-garde artists, and various high-profile artists and celebrities.

2. VSA Partner

VSA Partners is a hybrid brand strategy and design agency with a 40-year history of solving complex business problems. It provides a design-driven experience that takes place in the marketplace, realizing the future of a brand for some of the world’s most respected and pioneering think tanks.

3. mintNFT

Non-Fungible Token (NFT) MintNFT is a premium member-based marketplace focused on bridging the fan experience with licensed content, brands and talents. mintNFT integrates social, gamification and a new patent-pending authentication process for NFTs.

MintNFT makes NFT collection a fun and engaging experience and makes casual fans collectors, creators and partners. Unique features for MintNFT users such as unique digital events, NFT live auctions and fan-generated campaigns all provide an unprecedented social experience across a dynamic, interactive and gamified platform. It also includes an integrated secondary marketplace that allows users to buy, sell and trade NFT.

“While the NFT has opened the door to a tokenized future, navigating these concepts is actually a different ball game for many. Starting with the marketplace and manufacturers, our fund wants to extract speculation from the NFT project to unlock undiscovered tokenization in XRP lasers.”
Monica Long, GM of RippleX

NFT minting on XRP lasers will enrich the creators’ experience of finding new ways to monetize their work. For developers, the inherent performance advantage of the XRP laser গতি speed, low cost, and built-in royalty এটি makes it ideally suited to scale NFT utilities without the need for the Layer-2 protocol. Library support is available to facilitate NFT integration and bypass direct XRPL development.

The XRP laser is an open, decentralized blockchain. Its built-in Decentralized Exchange (DEX) provides faster disposal for tokenized assets এন including NFT যখন while its federated consensus mechanism eliminates gas fees and is 120,000 times more efficient than blockchain based on proof of work.

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