Because the cutthroat, excessive stakes blockchain trade continues its battle for NFT supremacy, a mighty new contender has joined the fray. Ripple has formally gone reside with its personal leading edge NFT token commonplace on its XRP Ledger Mainnet.
Over the course of the final 12 months, the Ripple community has taken nice strides in the direction of its NFT ambitions. Subsequently, launching a mammoth $250 million creator fund to assist NFT growth inside its ecosystem. Now nevertheless, Ripple has taken its initiative up a notch, by debuting its modern new XRP-20 token commonplace.
Because of the collective effort of the #XRPL neighborhood and @RippleXDev engineers, XLS-20 is now enabled on the XRP Ledger Mainnet and some NFTs have already been minted. (1/4)
— David “JoelKatz” Schwartz (@JoelKatz) October 31, 2022
By means of the event, Ripple intends to closely promote NFT-backed bodily objects by using its bleeding edge tech to vow sooner, super-efficient and extremely safe transactions by harnessing the ability of the XRP Ledger, all whereas making certain truthful compensation for artists by administering creator royalties completely on chain.
So, because the battle for domineering NFT blockchain hots up, Ripple gives a mighty new contender that punches properly above its weight. Subsequently, all eyes will look to the XRP Ledger to see what unbelievable tokens will emerge.
Learn the complete announcement >> Right here
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