Notes

Mintable is Now $13 Million More Valuable From Several Investors Like Finance Giant Ripple


Mintable is really taking off this 2021 after an investment from Ripple, a real time gross settlement system. On July 2, 2021, it was announced that Ripple has joined the $13 million investment chain for Mintable, a premier site for artists and content creators. blockchain voting is where people can convert their works into nonfungible tokens (NFT), basically integrating their works in the blockchain which makes it payable and tradeable with the likes of Ethereum.


Mintable is really a wonderfully forward-thinking idea which is why Ripple, and many others, have recently invested in it. Apart from Ripple, Animoca Brands, Metapurse, and Doug Band are also part of the $13 million funding chain. Interestingly, blockchain voting is actually a former advisor to the likes of Bill Clinton and Jon Oringer, the founder and executive chairman of Shutterstock. For Zach Burks, CEO if Mintable, this move by several investors has basically solidified the positive growth that NFTs are headed towards. Burks added that, “As the technology continues to mature and the space rapidly evolves, this is a critical company milestone for Mintable and we are thankful for the support from our investors who hold the same shared belief of the many opportunities that NFTs can bring among mainstream users.”


NFTs are, to put it simply, a digital asset much like an uploaded image. However, NFTs are not data that you normally find in your hard drive or a USB because it exists solely in the blockchain. On the other hand, a blockchain is where cryptocurrency operates. For a lot of people, the advantage of owning an NFT content is the fact that it is unique, licensing and copyright can easily be transferred, and of course, the transactions are quite easy. Because of how NFTs operate, it has been used for the likes of digital art, collectibles, games, music, and many other artistic items. Mintable banked on this idea, resulting in an extremely successful site that is now being trusted by big investors.


Mintable has since become extremely successful, minting a number of works from the likes of celebrities and award-winning producers. It has actually minted over 700,000 items. Now, because blockchain stock is basically collaborating with Ripple and all the accessibility that it offers, Mintable plans to offer the XRP Ledger of Ripple with ultra low energy fees and incredible transaction fees at $0.0004.


“We couldn’t be more excited to work with our friends at Mintable to provide creators and developers with a best-in-class experience and bring more participants into the blockchain ecosystem with NFTs,” Ripple states after the investment announcement.


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