SNEAK PEEK
- Ripple CTO Reveals about NFT Revolution to be on XRP Ledger ecosystem.
- XRP Ledger now also supports NFTs.
- David Schwartz announces that XLS-20 is enabled on the XRP Ledger Mainnet.
It is quite an exciting time of year for all NFT creators and developers worldwide. Two big announcements were made contributing to the NFT Revolution. The Internet is filled with queries from all across the globe regarding these new and recent announcements.
Ripple CTO also made exciting announcements about the NFT Revolution on XRP Ledger. It is quite clear among creators and developers now that the ability to create, mint and even distribute NFT applications and other complex items have been launched in the XRP Ledger ecosystem.
Thanks to the collective effort of the #XRPL community and @RippleXDev engineers, XLS-20 is now enabled on the XRP Ledger Mainnet and a few NFTs have already been minted. (1/4)
— David "SantaClaws" Schwartz (@JoelKatz) October 31, 2022
Another exciting development is that the XRP Ledger will now support non-fungible-tokens (NFTs). Ripple’s chief technology officer, David Schwartz, also made an announcement that the XLS-20 is enabled on the XRP Ledger Mainnet, and some of the NFTs have also been minted.
This new standard presents a key milestone for all creators and builders to develop state-of-the-art innovative projects with the utility to tokenize any asset.
The new standard gives way to native NFTs on the XRP Ledger showcasing assets with other secure operations to hold and transfer tokens like that.
It is an overwhelming level of development thus far, as it lends all the creators and developers the unique ability to work around a complex set of NFT tools and applications, which wasn’t at all possible earlier. Creators have all definitely felt relieved here without saying.
