Ripple announces improved NFT functionalities

Ripple recently shared details of its new release, which is set to support advanced Ripple NFT functionalities, here’s more on this development

Ripple XRP Ledger 1.9.0

Ripple recently announced the debut of its XRP Ledger version 1.9.0, and this new release is relevant for a plethora of reasons we’ll go into throughout this piece. For starters, the latest update introduces an amendment to the XRP Ledger protocol to allow the support of NFTs natively on the XRP ledger.

Being able to support NFTs natively is a massive step forward for Ripple, and this means that the company will be less dependent on third-party players to support NFTs, putting a larger chunk of its destiny in the company’s hands.

Following the XRP Ledger’s amendment process, the amendment is now open for voting, and the public was able to learn about this through release notes shared by the company. If more than 80% of trusted validators vote in support of a change over two weeks, it will be passed according to set community guidelines.

Talking about ledgers might not be a topic that’s attractive and intuitive to a large chunk of people, but over the next few sentences, we’ll look into what this means for the company and its users. What can you expect from this ledger with improved and expanded NFT functionalities as a current or intending Ripple user?

Ripple: A future NFT powerhouse?

If the proposed protocols successfully pass, it’ll aid developers in creating new applications that allow users to mint, transfer, and burn NFTs on the XRP ledger. If these advanced functionalities are achieved, it may suddenly take Ripple from being a fringe player in the NFT ecosystem to being an NFT juggernaut with diversified interests.

Read more about Ripple NFTs.

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