XRP Ledger will support NFT technology
Ripple plans to add sophisticated technology solutions to support NFT projects on the XRP Ledger platform.
The developers of this blockchain project last year proposed the XLS-20 standard, on the basis of which the platform will support its own type of NFT. This is a more advanced technology suitable for creating innovative applications.
To help NFT creators figure out how the new technology will work, a special fund was created last year. It was called Creator Fund Ripple. At his disposal was $ 250 million, which the fund plans to send to train potential creators of the XLS-20 NFT.
Since the launch of the fund, the Ripple team has received over 4,000 applications to learn how to create NFTs. The main interest of the creators of non-fungible tokens concerned their use in crypto games and projects with the Metaverse.
Fellows include well-known NFT creators such as xPunks and Justin Bua, who have decided to improve their skills and take their projects to the next level. They have access to the NFT-Devnet beta environment, which makes it easier to work with the NFT XRP Ledger.
The Ripple team positively evaluates the success of content authors. According to the developers, this is a whole new level of NFT usage. It will help enrich the experience for creators and will directly benefit the cryptocurrency community. It will also be an incentive for the development of new revolutionary projects on XRPL.
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