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As the fierce, high-stakes blockchain industry continues its battle for NFT supremacy, a strong new contender has joined the fray. ripple We have officially launched our own state-of-the-art NFT token standard on the XRP Ledger mainnet.
Last year, the Ripple network made great strides towards its NFT ambitions. As such, we have launched a massive $250 million creator fund to support his NFT development within the ecosystem. But now, Ripple has taken the initiative to the next level by debuting a sleek new XRP-20 token standard for him.
Thanks to the combined efforts of #XRPL community and @RippleXDev XLS-20 has been enabled on the XRP Ledger Mainnet and some NFTs have already been created. (1/4)
David JoelKatz Schwartz (@JoelKatz) October 31, 2022
Through development, Ripple has utilized cutting-edge technology to significantly reduce NFT-backed physical objects by harnessing the power of the XRP Ledger, promising faster, ultra-efficient and ultra-secure transactions. intended to advertise to Royalty is completely on-chain.
So, as the battle over the domineering NFT blockchain rages on, Ripple offers a strong new contender that far outweighs its weight. So all eyes will be on her XRP Ledger to see what awesome tokens emerge.
Read the full announcement >> here
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