Ripple has announced the second batch of creators that will receive contributions from its $250 million Creator Fund, which aims to promote non-fungible token (NFT) projects on the XRP Ledger (XRPL).
Target Ripple NFT Creator Fund
This new fund will benefit entertainment and media-focused NFT creators, according to the San Francisco-based company.
Among these are metaverse platform 9LEVEL9, which sells NFT tickets for virtual events like concerts, conferences, and awards shows.
Among the other beneficiaries are the Japanese metaverse music show Anifie, sports-centric NFT agency Capital Block, NFT avatar design tool Cross-Metaverse Avatars, NFT marketplace NFT Master, intellectual property production company SYFR Projects and The Thinking Crypto project which enables NFT holders to listen to exclusive interviews with leading crypto personalities.
A Brief of Ripple’s Creator Fund
A Creator Fund was launched by Ripple in September 2021 to support creators working on NFT use cases on the XRP ledger.
“With Ripple’s Creator Fund, we want to bring expanded commemorative NFT tickets and membership utilities to our www.nikotheatre.com patrons in 2023,” said Chris J Snook, Founder of 9LEVEL9.
“We will feature diverse pop cultural concert experiences for a global audience of hybrid in-person and virtual “front row seats” with expanded metaverse parallel immersions and community on the XRP Ledger,” he added.
Meanwhile, RippleX VP of Growth at Ripple said, “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,” he detailed.
Earlier this month, the first creators who were funded for their web3 NFT projects were announced.