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2022-04-05 15:40:03 Ripple to Create Standards Allowing Complex NFT Solutions on XRPL Platform

Ripple proposed XLS-20 last year, a standard that would allow XRP Ledger to offer a native NFT type and a smooth NFT experience. The new XLS-20 standard seeks to assist developers in creating more advanced and innovative NFT apps on the XRPL platform.

Ripple's Creator Fund, which invests $250 million to help inventors get started with their NFTs, was established in September 2021. Since the opening of the Creator Fund, the Ripple team claims to have received approximately 4,000 applications for projects centered on NFT use cases in gaming/Metaverses, music/entertainment, art/collectibles and other areas.

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