Ripple Welcomes 4000 Creators to Its $250 Million Creator Fund
- Ripple has added 4000 creators using its $250 Creator Fund.
- The Fund will support independent creators such as artists, musicians, game designers.
- XRP Price is on the brink of breakout as investors await SEC lawsuit to conclude.
Ripple (XRP) has announced the enrollment of nearly 4,000 creators in various non-fungible token (NFT) projects through its $250 million Creator Fund, which it hopes will help to accelerate the sector’s expansion.
On March 10, 2022, Ripple released a statement, claiming that independent creators such as artists, musicians, game designers, and builders would benefit.
The money has helped well-known creators such as Justin Bua (filmmaker), Steven Sebring (film director), and xPunks (band).
According to Ripple, its Fund is the first to link creators with marketplaces and creative agencies like Mintable, MintNFT, and VSA Partners.
The Creator Fund will continue to support artists on a per-batch basis as new “waves” of applications are released.
Backing NFT creators
The Fund has backed a wide range of creators, including author, producer, entrepreneur Justin Bua, filmmaker Steven Sebring, and xPunks (a set of 10,000 distinct NFTs).
The most recent beneficiaries deal with metaverse, gaming, art, and collectibles. The subjects are generally linked based on existing and upcoming NFT use cases on the XRP Ledger.
The Fund, which was established in September of last year, aims to assist creators in developing cutting-edge NFTs.
Ripple’s blockchain is now integrated with NFT Pro, Ethernal Labs, and OnXRP marketplaces to speed up transactions. The integration also includes royalty structures and co-ownership functionality as part of the deal.
In addition, it consists of a built-in decentralized exchange (DEX) that allows for the rapid settlement of asset tokens of all types—including NFTs.
XRP Price Ready to Breakout
The XRP community thinks that Ripple is more likely to win the SEC vs. Ripple lawsuit. The price of the coin has positively reacted to the good news, and investors are waiting for a decision by Federal Judge Sarah Netburn.
Proponents anticipate that the case has almost concluded, and the payments behemoth may win.
XRP buyers are amassing the altcoin, moving coins off exchanges to private wallets. A whale wallet recently transferred $55 million in XRP to an unknown account.
Despite a slow start in March 2022, the altcoin quickly recovered from crypto carnage and increased 0.37% in the last 24 hours.
According to analysts, the XRP price is on track for a maximum upside of $0.80 as traders wait for the SEC vs. Ripple lawsuit to be settled.