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Ripple intends to deploy advanced technical solutions to the XRP Ledger platform to facilitate NFT initiatives.
Last year, the creators of this blockchain project introduced the XLS-20 standard, which would allow the platform to handle its version of NFT. This is a more advanced technology that may be used to develop new applications.
Last year, a special fund was established to assist NFT inventors in figuring out how the new technology will operate. Creator Fund Ripple was the name of the game. He has $250 million at his disposal, which the fund intends to use to train future XLS-20 NFT inventors.
Since the fund’s debut, the Ripple team has received over 4,000 applications to learn how to produce NFTs. The primary motivation for non-fungible token producers was to utilize them in crypto games and metaverse projects.
chunks and Justin Bua, two well-known NFT creators, are among the fellows who have opted to strengthen their talents and take their ideas to the next level. They may use the NFT-Devnet beta environment, making working with the NFT XRP Ledger much easier.
The success of content creators is seen favorably by the Ripple team. The creators claim that this is a whole new level of NFT utilization. It will improve the experience for creators and benefit the bitcoin community directly. It will also serve as a motivator for creating breakthrough projects on the XRPL platform.
