{"id":3931,"date":"2023-02-17T21:23:28","date_gmt":"2023-02-17T21:23:28","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/17\/ripples-creator-fund-invests-250m-in-the-future-of-phygital-nfts\/"},"modified":"2023-02-17T21:23:28","modified_gmt":"2023-02-17T21:23:28","slug":"ripples-creator-fund-invests-250m-in-the-future-of-phygital-nfts","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/17\/ripples-creator-fund-invests-250m-in-the-future-of-phygital-nfts\/","title":{"rendered":"Ripple&#8217;s Creator Fund Invests $250M in the Future of Phygital NFTs"},"content":{"rendered":"<p><\/p>\n<div>\n<p>This season, Ripple\u2019s Creator Fund revealed its Wave 3 of investments \u2013 and the grand winners are <a href=\"https:\/\/nftevening.com\/the-ultimate-guide-to-phygital-nfts\/\" target=\"_blank\" rel=\"noopener\">phygital NFTs<\/a>! Accordingly, the giant company allocated $250 million to further innovate asset tokenization. The news comes as hybrid NFTs are skyrocketing in popularity as many brands IRL join the Web3 world.<\/p>\n<figure id=\"attachment_96771\" aria-describedby=\"caption-attachment-96771\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><picture decoding=\"async\" class=\"wp-image-96771 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-scaled.jpg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-300x141.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-768x360.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-119x56.jpg.webp 119w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-150x70.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-450x211.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20563'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-96771 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-scaled.jpg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-300x141.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-768x360.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-119x56.jpg.webp 119w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-150x70.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-450x211.jpg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-scaled.jpg\" alt=\"image of Ripple CTO David Schwartz\" width=\"1200\" height=\"563\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-scaled.jpg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-300x141.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-1024x480.jpg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-768x360.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-119x56.jpg 119w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-150x70.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-450x211.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-96771\" class=\"wp-caption-text\">Ripple\u2019s Creator Fund invested $250M to develop and innovate phygital NFTs in 2023.\u00a0<\/figcaption><\/figure>\n<h2><span id=\"Why_Did_Ripples_Creator_Fund_Invest_in_Phygital_NFTs\">Why Did Ripple\u2019s Creator Fund Invest in Phygital NFTs?<\/span><\/h2>\n<p>Earlier in January, the Chief Technical Officer at Ripple David Schwartz said that the new wave of Web3 assets would focus on utility NFTs \u2013 and he was right. In fact, Ripple\u2019s entire executive team predicted that this year we\u2019ll see more phygital NFT projects than ever.<\/p>\n<p>After all, we\u2019ve seen more tokenized assets launch in recent months than ever before since the 2021 NFT boom. In order to support the movement, Ripple\u2019s Creator Fund invested $250 million to support phygital NFT creators and developers.<\/p>\n<p>\u00a0<\/p>\n<h2><span id=\"Who_Does_Ripple_Support_for_Tokenization\">Who Does Ripple Support for Tokenization?<\/span><\/h2>\n<p>The team at <a href=\"https:\/\/ripple.com\/\" target=\"_blank\" rel=\"noopener\">Ripple<\/a> recently revealed the top seven independent Web3 creators they support. From artists to music labels and developers, they share the same goal: bridging NFTs and physical assets via XRP Ledger. Here\u2019s the list:<\/p>\n<ul>\n<li><strong>Emporio Records:<\/strong> a record label IRL aiming to offer fans exclusive access to new music and merch via NFTs;<\/li>\n<li><strong>Robert Chew:<\/strong> a digital comic book artist ready to give physical comic book editions to each of his NFT holders;<\/li>\n<li><strong>Mike Sotirakos:<\/strong> Web3 expert helping physical artists join the NFT space via the XRPL ecosystem;<\/li>\n<li><strong>Hot Import Nights:<\/strong> a ticketing service company wanting to drop NFT tickets for real-life events and merch;<\/li>\n<li><strong>TraumAmnesia:<\/strong> the NFT artist aims to offer real-life experiences and artworks to all of the community members;<\/li>\n<li><strong>Natacha Einat:<\/strong> as a digital artist with a savvy NFT community, Natacha is planning to offer physical artworks and art Masterclasses;<\/li>\n<li><strong>Adrian Balastegui:<\/strong> an experienced physical artist aiming to bring his canvas artworks to the NFT market along with physical signed prints.<\/li>\n<\/ul>\n<figure id=\"attachment_96772\" aria-describedby=\"caption-attachment-96772\" style=\"width: 898px\" class=\"wp-caption aligncenter\"><picture decoding=\"async\" class=\"wp-image-96772 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund.jpg.webp 898w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-300x250.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-768x641.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-67x56.jpg.webp 67w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-150x125.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-450x375.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20898%20749'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 898px) 100vw, 898px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20898%20749'%3E%3C\/svg%3E\" alt=\"Twitter screenshot of a phygital NFT announcement from Ripple's Creator Fund\" width=\"898\" height=\"749\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund.jpg 898w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-300x250.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-768x641.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-67x56.jpg 67w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-150x125.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-450x375.jpg 450w\" data-lazy-sizes=\"(max-width: 898px) 100vw, 898px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund.jpg\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-96772 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund.jpg.webp 898w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-300x250.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-768x641.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-67x56.jpg.webp 67w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-150x125.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-450x375.jpg.webp 450w\" sizes=\"(max-width: 898px) 100vw, 898px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund.jpg\" alt=\"Twitter screenshot of a phygital NFT announcement from Ripple's Creator Fund\" width=\"898\" height=\"749\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund.jpg 898w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-300x250.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-768x641.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-67x56.jpg 67w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-150x125.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-creator-fund-450x375.jpg 450w\" sizes=\"(max-width: 898px) 100vw, 898px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-96772\" class=\"wp-caption-text\">Phygital NFTs are on the rise and Ripple is ready to support emerging creators and companies in the niche. Credit: Twitter<\/figcaption><\/figure>\n<h2><span id=\"What_Are_Phygital_NFTs\">What Are Phygital NFTs?<\/span><\/h2>\n<p>The term \u201cPhygital\u201d is literally a combination of the words \u201cdigital\u201d and \u201cphysical.\u201d Although it\u2019s been around since 2007, you\u2019ve probably only heard about it recently, thanks to NFTs.<\/p>\n<p>In short, phygital NFTs are digital assets linked to physical objects, experiences, or anything else that exists in real life. One of the latest examples is Harry Potter: the iconic series released physical limited-edition jewelry including an NFC tag that links each piece to its corresponding NFT.<\/p>\n<p>Meanwhile, the renowned Scottish whisky platform \u201cThe Whisky Barrel\u201d launched unique NFTs for their single-barrel scotch whisky. In this case, the NFTs serve as an assurance for collectors that their whisky bottles are not counterfeit. Many other brands have already launched their phygital products, too, including Nike, Funko Pop, and Budsies, to name a few.<\/p>\n<p>To conclude, phygital NFTs are undoubtedly changing the world of trading IRL and virtually as we speak.<\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/ripples-creator-fund-invests-250m-in-the-future-of-phygital-nfts\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This season, Ripple\u2019s Creator Fund revealed its Wave 3 of investments \u2013 and the grand winners are phygital NFTs! Accordingly, the giant company allocated $250 million to further innovate asset tokenization. The news comes as hybrid NFTs are skyrocketing in popularity as many brands IRL join the Web3 world. Ripple\u2019s Creator Fund invested $250M to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ripple-cto-david-schwartz-scaled.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/3931"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=3931"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/3931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/3932"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=3931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=3931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=3931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}