21/10/2022 Ripple Unveils Latest Recipients of $250 Million NFT Creator Fund

Ripple shows no signs of backing down from its commitment to NFT creators building on the XRP Ledger.

Image: Shutterstock
Image: Shutterstock

Ripple has announced the second wave of recipients selected to join its $250 millionCreator Fundfocused on promoting the development of NFT-related projects on theXRP Ledger.

Joining the fund’s second wave is metaverse platform 9LEVEL9, which will sell tickets to virtual events as NFTs, fan-focused Japanese NFT marketplace Anifie, NFT sports platform Capital Block, XRP NFT marketplace NFT Master, NFT IP company SYFR Projects, NFT membership project Thinking Crypto, and Cross-Metaverse Avatars.

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Ripple’s Head of DeFi Markets Boris Alergant toldDecryptin an interview that the fund, whose first wave of participants wasrevealed in April, was created to accelerate XRP’s NFT economy.

NFTsare unique blockchain tokens that signify ownership—and can be connected to a wide range of different assets, from event tickets to digital art to physical merchandise. Ethereum remains the most popular blockchain for NFTs today and saw just under$350 millionin total volume traded in September on leading NFT marketplace OpenSea, according to Dune Analytics.

The XRP Ledger (XRPL) is a decentralized, public blockchain led by a global developer community, designed to be fast, energy efficient, and reliable.

“TheRippleCreator Fund and XRP Ledger are leveling the playing field for artists. It is up to teams like SYFR Projects who are in the thick of the music industry to innovate leveraging the capabilities of the XRPL,” said Sean O'Leary, founder of SYFR Projects, in a statement.

Alergant said Ripple’s Creator Fund applications were judged and voted upon by a group that includes representatives from the XRP Ledger Foundation and Ripple as well as unspecified community members.

“We’re definitely committed to that $250 million and to seeing that innovation on the ledger,” Alergant said, but did not specify how much each creator would receive.

“We tried not to blow it all in one place,” he said.

It might come as a surprise to some that Ripple is still allocating all of the $250 million despite theongoing bear market, where NFT volume has plummeted to just a fraction of what it was in Q1 and Q2 of this year. But Alergant doesn’t think anyone should be scared of the ongoing crypto downturn.

“I’ve seen bear markets. Ripple has seen, you know, a ton of bear markets,” Alergant said.

“The innovation that comes out during these bear markets—it’s really when people sit down and build and these interesting new use cases and awesome things come out,” he recalled.

Alergant is especially excited about XRPL-based NFTs. Developers have created an NFT standard for XRPL calledXLS-20, which Alergant believes will make the experience “more accessible” for Web2 developers dabbling in NFTs.

“Web2 developers can really use the NFT standard and interact with it simply with API calls as opposed to coding on smart contracts,” he said.

At time of writing, XLS-20 has not yet been implemented on the XRPL Mainnet.

Ripple has received roughly 4,000 applications for its Creator Fund in total. It plans to announce its third and final wave of Creator Fund recipients sometime in Q4 of this year.

Arts

https://decrypt.co/112200/ripple-unveils-latest-recipients-of-250-million-nft-creator-fund

Interesting NFTs
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/
Source Code for the WWW
OWNER: Sir Tim Berners-Lee Sir Tim Berners-Lee, b. 1955 Source Code for the WWW 1990-1991 Work includes: Original archive of dated and time-stamped files containing the source code, written between 3 October 1990 and 24 August 1991. These files contain code with approximately 9,555 lines, the contents of which include implementations of the three languages and protocols invented by Sir Tim; HTML (Hypertext Markup Language); HTTP (Hyper Transfer Protocol); and URIs (Uniform Resource Identifiers), as well as the original HTML documents that instructed early web users on how to use the application Animated visualization of the code being written (Video, black & white, silent), lasting 30 minutes 25 seconds A Scalable Vector Graphics (SVG) representation of the full code (A0 841mm wide by 1189 mm high), created by Sir Tim from the original files using Python, with a graphic representation of his physical signature at lower right A letter written in the README.md file (in “markdown” format) by Sir Tim in June of 2021, reflecting upon the code and his process of creating it Non-fungible Token ERC-721 Minted on June 15, 2021, ed. 1/1 Smart Contract Address: 0x86ade256037d80d6d42df8df96d5be21cd25bd8f
2.0
2.0
Chloe
The ancestral spirit of magic and purity.
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.