Ripple launches a new $250 million fund aimed to foster the global creator economy.
Ripple’s Creator Fund
The fund has been named Ripple’s Creator Fund. It was announced as part of Apex, the XRP Ledger (XRPL) Developer Summit. Ripple has launched this fund in collaboration with Mintable, mintNFT, and VSA Partners.
The Creator Fund aims to foster innovation in tokenization, with a focus on non-fungible tokens (NFTs). The Ripple’s Creator Fund will provide targeted support for creators, agencies and marketplaces to explore new use cases for NFTs on the XRPL (XRP Ledger) leveraging its innate advantages of speed, cost and sustainability.
The Future Will Be Tokenized
“Since day one, we’ve viewed crypto and blockchain as powerful levelers, unlocking access and equity for everyone. The growth of NFTs is an important part of that vision, helping build a tokenized future that will allow new business models to prosper and people to engage more deeply with the communities and things they care most about.”Ripple
According to the World Economic Forum 10% of the world’s GDP will be tokenized by 2027.
Ripple says that the Creator Fund can help accelerate this adoption by attracting a broader community of creators to participate in and benefit from NFTs.
Ripple believes that digital art and collectibles which has become a rage are only the tip of the NFT iceberg. With the support of the Creator Fund and the power of the XRP Ledger as a premier platform for minting and managing NFTs, creators and developers can continue to explore utility in NFTs through use cases such as asset ownership and interactive experiences that will help bring about this tokenized future.
Who Can Apply For The Creator Fund?
Creators and Brands
All creators—from musicians and artists to performers and athletes—and global brand representatives who want to create innovative experiences for fans and open new revenue streams.
Creative and talent management agencies that are seeking to provide clients a low-risk way to experiment with and promote NFTs.
Innovators at digital marketplaces that are looking to integrate with the XRP Ledger, bring top talent to their platforms and deliver a seamless NFT experience for developers.
Key Features of the Ripple’s Creator Fund
- Technical support to integrate with the XRPL and build best-in-class NFT experiences
- Co-marketing and creative agency support for NFT creation and promotion
- Access to XRPL marketplace partners that provide seamless NFT experiences for both creators and developers