Last year, Ripple launched a $250 million creator fund to facilitate use cases for non-fungible tokens (NFTs) on its XRP Ledger. Ripple said the fund would provide targeted support for creators, brands, and marketplaces to develop NFTs on the XRPL.
Through this fund, Ripple announced that it had onboarded some 4,000 artists, musicians, game designers, and creators in March this year. Author and producer Justin Bua, filmmaker Steven Sebring and xPunks were among some of the artists onboarded.
Additional marketplaces and creative agencies NFT PRO, Ethernal Labs, and onXRP helped optimize the NFT experience on XRPL for users. “This partnership allows us to bolster the Web 3 ecosystem by pioneering cross-chain interoperability and bringing NFTs and digital assets to the masses,” said Nick Rose, Ethernal Labs CEO, and founder.