Ripple launches $250M fund for NFT creators By Cointelegraph

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Ripple launches $250M fund for NFT creators

Labs is launching a fund for creators, marketplaces and types to discover new use instances for nonfungible tokens, or NFTs, on its ledger.

In a Wednesday announcement, Ripple mentioned the $250 million fund could be centered on accelerating adoption within the crypto area by working with nonfungible tokens, or NFTs. The platform mentioned it needed to handle considerations with the minting of the tokenized paintings, together with “clunky” person experiences, excessive transaction charges and the doable results on the atmosphere.