Ripple, a maker enterprise blockchain and crypto solutions, today unveiled the second wave of creators to receive funding for their Web3, non-fungible token (NFT) projects through Ripple’s $250 million Creator Fund.
With Web3 transforming the entertainment and media industry specifically in music, the selected Creator Fund projects will bring to life use cases for tokenization in these sectors by leveraging the power of XRP Ledger’s low-cost, instant settlement and built in royalty structures — maximizing value for creators and their communities to consume content. Ripple previously started a $100 million fund for games in 2019.
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