Ripple Labs has announced a new initiative aimed at developing NFTs on the XRP blockchain.
Artists, artists, musicians and agencies can apply for funding to research the use of the Ripple blockchain for issuing NFTs. In addition to money, they can receive creative and technical support from the company.
Ripple CTO David Schwartz said that XRPL is ideal for NFTs due to cheap transactions and fast speed. According to him, the cost of commissions on the Ethereum network only discourages users.
Ethereum remains the leader in the NFT sector, but sales of NFTs on the Solana blockchain are growing at a faster pace. Cardano is also trying to enter the non-fungible token market.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to u.today
You May Also Like
In protest, the artist blew up a Lamborghini and turned the parts into NFTs
The concept artist, known under the pseudonym SHL0MS, staged a performance with the explosion of an expensive Lamborghini as a protest against the greed of crypto investors.
Melania Trump launches her NFT series
The former first lady of the United States launched a platform for selling and buying NFTs on the Solana blockchain.
