Monica Long, the Ripple General Manager is well known for being zealous about the Unveiling of new NFT which includes ticketing experiences, Ripple backs NFT lending start-up Supermojo.
As stated in a tweet by the General Manager, Monica Long, She was congratulating Supermojo as Ripple is happy to back Amirsarrhangi, CEO and Founder at reasupermojo (previously Ripple, Google, CEO & Founder of Jibe) and Craig DeWitt, Founder Supermojo realsupermojo as they work to make NFTs reachable and transparent for users.
Read Also: Bittrex, A Top U.S Crypto Exchange Officially Lists Shiba Inu
Some weeks ago, Monica display the big vision for NFTs at the Ripple Drop. As stated by Monica, the most used case for NFTs is collectibles.
“The applications of NFTs can extend to lots of different industries, but the core idea is about ownership.”
The XRPL has always been effective in the fabricating and exchange of tokens since 2012. Monical said; “The XRP Ledger was the first to enable the tokenization of any form of value on a blockchain. It also introduced to the world the concept of a decentralized exchange,”
Read Also: Iagon Adopts Djed As A Storage Exchange Payment Method With Support Of COTI
There are benefits of the XRP Ledger to those building the NFT projects such as it Offers low transaction prices on high throughput blockchain.
XLS Amendment On The XRP Ledger
As far back as May, there was a vote in favor of activating the XLS-20 amendment on the XRPL which was done by Ripple’s validators. Following the decision of building on the ongoing commitment to XRP Ledger’s good state, Ripple conducted extensive testing to get the XRPL’s capability to support the surplus transaction load brought about by local, on-ledger NFTs at scale. The RippleX also reached the top sustained throughput of 2,199 transactions every second when XRP payments.
Following the earlier test, the arm of the San Francisco-based blockchain company, its team developers presently got confidence in the XRPL’s capacity to support the XLS-20 standard for non-fungible tokens.
[…] Read Also: Ripple To Back Founders Of Realsupermojo As They Work To Make NFTs Accessible For Users […]