Michael Jordan NFTs
Following the establishment of Ripple‘s “Creator Fund,” which is dedicated to the development of new financial technologies, XRP Ledger (XRPL) is witnessing great demand for its NFT hosting environment.
On April 7, Ripple announced that it had witnessed “incredible momentum and exciting NFT use cases come to life on the XRPL,” as well as the addition of a list of leading creators to its NFT ecosystem, which is focused on bringing tokenized projects, the metaverse, gaming, and art to life. Ripple’s NFT ecosystem is focused on bringing tokenized projects, the metaverse, gaming, and art to life.
It is a $250 million promise by Ripple to empower innovators by providing them with the necessary tools, financial support, and partnerships to launch their ideas on the XRPL blockchain. Since its launch in September 2021, Ripple has onboarded close to 4000 creators under various projects through its creator fund, including Justin Bua, an award-winning artist and author, filmmaker Steven Sebring, and xPunks.
Justin Bua is an award-winning artist and author, and Steven Sebring is a filmmaker. XRPL has also teamed with a number of markets and creative agencies, including Mintable, VSA Partners, NFT PRO, Ethernal labs, and MintNFT, in order to bring together a wide group of artists and link them.
Rare Air Media, the production company behind ex-NBA champion Michael Jordan’s video autobiography “for the love of the game,” is the most recent addition to the list of NFT producers on the docket to join the party. RARE AIR MEDIA plans to generate NFTs for the former NBA great on the XRPL platform, with the first batch of NFTs likely to be released in the second quarter of 2022.
The primary reason for the proliferation of XRPL NFT producers has been the speed with which it enables users to complete transactions in as little as 5 seconds or less. The cheap cost of transactions, the ease of usage, and the long-term viability of the system have all contributed to the massive increase of users. With its current emphasis on developing more use cases for the NFT-Devnet, XLPL is enabling creators who want to begin constructing NFTs or who want to get involved in the Web3 movement to engage with its functions in a smooth manner. They are also considering increasing the size of their creator fund in order to attract additional creators.