Ripple plans to enter the NFT field, and the XRP ledger already has features that support NFT - Aliens: AI Crypto News & Markets Updates






ads-bannerAds banner

Ripple plans to enter the NFT field, and the XRP ledger already has features that support NFT


Sun, Nov 21, 2021

Ripple revealed its plan to enter the NFT field and increase the utility of the XRP Ledger native token. Ripple Ledger is developing into an NFT platform, and supporters have noticed that the XRP ledger has the characteristics of supporting NFT. The platform runs on XLS-20, which is a standard that provides seamless functionality for NFTs. The community has not yet approved the standard. Once approved, RippleX will support the development of NFTs on its network. The payment giant will work with Mintable, the NFT market, to power NFTs.

Earlier news, Ripple announced the launch of a $250 million creator fund, allowing creators to explore new NFT use cases on XRP Ledger (XRPL). In addition to financial and joint marketing support, creators will receive technical support for building XRPL-based NFT experiences and creative support for producing high-quality NFT projects.

Source: Fxstreet

Share to

The best experience is on the app

Everything happening in the crypto world, in real time


Recommended Stories

Article list item background

Creating a decentralized AR platform: Interview with OVR COO Diego di Tommaso

According to IDC, the Augmented Reality market will reach $137 billion by the end of 2024. The market has a lot of potential not only in terms of its technological benefits but also as an innovative communication channel. AR gives users an interactive real-world environment and has emerged with multiple use cases. OVR is an […]
AMB Crypto



Recommended Stories

The best experience is on the app

Download app to discover exclusive content, live market updates and more.