Ripple Gives Fund To Support Creators Launch NFT On XRP Ledger

Ripple has accepted applications for the third wave of the Creator Fund only days after revealing the second round.

Ripple established the $250 million Creator Fund to assist non-technical creators in bringing their ideas to life on the XRP Ledger (XRPL).

Ripple also said that the program’s third stage would focus on developers producing both physical and digital non-fungible tokens (NFTs).

The company formed the $250 million Creator Fund a little over a year ago to fund a program to learn about the NFT market and to sponsor developers and artists. Furthermore, the company’s main goal was to compete in this industry with the undisputed leader of the NFT market, Ethereum.

Aside from offering financial incentives to NFT developers who wish to construct and develop their goods on the XRP Ledger, the blockchain startup is also pushing blockchain technology development in this new digital industry.

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