The XRPL might soon get native NFT support
Last May, RippleX, the developer arm of the San Francisco-based blockchain company, invited developers to provide feedback. In January, it released the NFT-Devnet, making it possible for developers to play around with native NFT capabilities. that it was confident that the XRL Ledger would be able to support the XLS-20 standard after conducting rigorous testing.
The XRPL bills itself as a perfect fit for NFTs because of its high throughput, cheap fees, and extremely low energy consumption. Last September, Ripple announced the launch of a $250 million fund that is specifically focused on sponsoring creators who choose to issue their NFTs on top of the XRP Ledger. Earlier this year, the fund onboarded a bunch of creators, including the producer behind Michael Jordan's visual autobiography.
The XLS-20 standard has such in-built features as auctioning and minting, simplifying the process of creating NFTs.formed a partnership with Web3 firm CrossTower in order to display XRPL-powered NFTs on its marketplace.
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