Blockchain focused solution and payment network company ripple, Shortly before 250 million dollars made a funding announcement. The said fund was announced to be given to projects and developers that will especially contribute to the Ripple ecosystem. Now is Ripple announced that it will allocate a share from this fund to the founders of nearly 4,000 NFT projects.
NFT Support in Ripple’s Fund!
In the announcement published by Ripple, it was stated that individual people such as artists, musicians, game designers and developers can also benefit from this fund. Some of the famous names that can benefit from the fund in question are: Steven SebringxPunks and famous producer Justin Bua.
4,000It is reported that close to 50,000 individuals have been included in this program. The reason behind this initiative is to create a link between different artists and the NFT market in general. In addition, Ripple aims to bring these developers together with important partners such as Mintable, MintNFT and VISA Partners.
Ripple also noted how fast the role of NFTs in the industry is growing:
NFTs have gained real use in the cryptocurrency industry in a short time. They are even used for different projects by artists, co-ownership and co-ownership of real-world assets.”
Ripple stated that the fund will support different developers at regular intervals. The fund, which was launched in September of last year, of course supports the Ripple ecosystem, which means more interaction for XRP.