Ripple disclosed the second wave of creators to receive funding for their Web3, non-fungible token projects through Ripple's Creator Fund.
The fund is a $250 million commitment to help creators with the financial, creative, and technical support needed to explore and craft NFTs and other tokenization projects on the XRP Ledger. It was launched a year ago.
Some of this year's Wave 2 Creator Fund recipients are 9LEVEL9, a metaverse experience that provides a "front row seat" to live and virtual concerts, productions, conferences, and award shows through NFT tickets; Capital Block, a Web3 platform for sports clubs around the world; and SYFR Projects, an intellectual property production company that provides production, publishing, and management services to artists.
“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,” said Markus Infanger, RippleX VP of Growth at Ripple. “With the support of our strategic partners and the Creator Fund, we look forward to helping fuel innovations built on the XRP Ledger.”
Ripple said independent creators can apply for Wave 3 in the coming months.
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