XRP Ledger is getting closer to implementing native NFT functionality

According to a blog post shared earlier today, Ripple has upgraded its servers to version 1.9. of the XRP Ledger protocol.

XRP ledger is close to having native NFT functionality

The most recent implementation allows validators to vote in favor of the XLS-20 standard, which will bring NFTs token to the ledger. RippleX stated that validators must perform due diligence before deciding whether they should vote for the amendment.

XRP Ledger provides support for fungible assets that can be used for payments. The new amendment, if adopted, will make it possible to mint, transfer and write NFTs on the ledger. The team conducted “extensive testing” to ensure that the NFT code worked properly. It must ensure the right performance, security, and scale.

With the advent of NFT, more data types will have to be tracked and maintained on the XRP Ledger.

Last September, Ripple launched the $250 million NFT creator fund, which was launched to help creators build new projects on top of the XRP Ledger and bring them to market. RippleX already operates an NFT-Devnet that allows developers to play around with the XLS-20 standard.

In late April, Ripple announced that its foundation had introduced a host of new creators, including the producer of Michael Jordan’s visual autobiography.

The company may be too late for the NFT party cycle. Given that NFT sales have been slumping over the past few months, it can be said that the latest crypto craze has finally lost momentum.

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