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💲Ripple Launches $250 Million Fund To Build NFT Ecosystem

The goal of the fund is to facilitate the growth of Ripple's NFT ecosystem.

Hey Blockster, Non-fungible tokens (NFTs) have taken the crypto market by storm this year. In addition to over $1 billion of monthly sales, well-known artists and celebrities like Eminem, Snoop Dogg, Tony Hawk, and Lindsay Lohan have all launched their own digital collectibles on the blockchain. And, it seems like the NFT boom won't stop anytime soon, as the market continues to boom and users keep hunting for shiny tokens to expand their collections. For that reason, major crypto market players have been increasingly launching their own marketplaces, platforms, or initiatives for non-fungible tokens lately. This time, the blockchain-powered payment project Ripple Labs has introduced a $250 million fund dedicated to NFT creators. While the fund is focused on accelerating the adoption of digital collectibles, Ripple also seeks to utilize it to expand the XRP Ledger's non-fungible token ecosystem. And, it seems like the project is already in talks with marketplaces like Mintable, which announced in July the planned integration of its NFT service with the XRPL. Head to this link to learn the details of the story! Looking to read more articles about crypto? Check below to find our collection of the latest digital asset stories right from Blockdesk: Why Centralized Exchanges Crash During Volatility? – DEXs Are the Answer – Those who have spent a few months on the crypto market already know that centralized exchanges tend to freeze, crash, or experience increased downtime during periods of high volatility. But what is the reason behind this phenomenon? A Profile of Vitalik Buterin – The Unassuming Mastermind Behind Ethereum – Vitalik Buterin is among the most influential and respected persons in the crypto industry. And, this article will introduce you to the mastermind behind one of the most active blockchains in the world. Switzerland Financial Regulator Approves Country's First Crypto Fund – Switzerland has been one of the most cryptocurrency-friendly nations within Europe that seek to attract investors and businesses within the industry through innovation. Now, the country's financial regulator has approved the first Swiss crypto market index fund.   Kraken Discovers Security Flaws in Bitcoin ATMs — Bitcoin ATMs continue to see exponential growth, but some machines can be easily hacked. Kraken Security Labs published their report on widely spread crypto ATMs. What are the common issues and how to avoid scams — read in this article.  Hope you enjoyed the articles we have collected for you today. We will return with a new batch tomorrow! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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