Ripple (XRP) Awards $100K Grant To Feeturre for XRPL Integration

March 7, 2022 5:26 pm

Feeturre is a music entertainment marketplace platform that connects artists and music producers to people looking to buy their content within an online marketplace.

The platform was recently awarded a $100k grant by Ripple as part of RippleX’s XRPL Grants program which provides capital to promising projects that can provide value to Ripple’s XRP ledger ecosystem.

As part of this grant, Feeturre will be integrated into XRPL which will transform the platform into a Web 3.0 project and disrupt the music industry with blockchain technologies.

The platform has already gained significant traction before the grant and has attracted well known artists such as John Monopoly, Kanye West’s co-manager, Kris D. Lofton, star of 50 Cent’s Power Book IV: Force, and Kayper.

Yahoo reports:

Feeturre connects artists, producers, influencers, and their representation for collaboration and commerce. It provides a two-sided (buyers and sellers) web-based solution to the entertainment industry.

Furthermore, it refines talent values, negotiations, and inefficient payment methods by expanding the opportunity for all artists and their representation to collaborate directly with other creators and buyers.

This expansion will enhance the platform to accommodate blockchain-based assets, such as crypto payments, smart contracts, and NFTs on XRPL, which are part of a larger Web 3.0 infrastructure.

With the funding provided by RippleX, Feeturre will release new, cutting-edge enhancements to their powerhouse platform.

This is not the first time that Ripple’s XRPL grants program had awarded significant capital to a high potential project.

So far, more than 30 different teams have been awarded capital which totals to around $4 million in funding.

All the projects build upon the existing XRP ledger ecosystem and span many different emerging sectors such as NFTs, data security, sport memberships, and more.

As a result, the projects are mutually beneficial as it attracts additional development talent to the XRP blockchain and provides existing blockchain infrastructure to help projects succeed.

For Feeturre, the platform will get the benefits of using XRP such as low transaction fees and fast settlement.

GlobalNewsWire reports:

“Ultimately, Web 3.0 and smart contract capabilities allow Feeturre to be the perfect oracle to disrupt the industry!”

“The team is excited about our new journey on the XRP Ledger. Our vision is to create a ripple effect that will impact the entire entertainment industry.”

“With the XRP Ledger, Feeturre will have low transaction fees and fast settlement, creating a clear advantage over competitors. The integration of XRPL-based NFTs is a key step in accelerating the adoption of the Internet of Value.”

Ripple has continued to achieve rapid organic growth and reached a record valuation of $15 billion despite the ongoing SEC lawsuit that has persisted for the past year.

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