RippleX is open platform for money, enabling developers and entrepreneurs
RippleX shares details about the winners of the recently concluded NFT-Devnet XRPL hackathon and NFT use cases that developers have started building on the Ledger. RippleX is an open platform for money, allowing developers and entrepreneurs to integrate payments into their applications via XRP Ledger.
XRP Ledger currently includes built-in native token functionality called XLS-20d. Currently, the NFT-Devnet, a beta environment that improves XRP Ledger’s NFT capabilities, is being utilized.
While the majority of early NFT use cases revolved around avatars, art, and collectibles, more utility-based applications are beginning to emerge, requiring the development of more advanced NFT solutions on the XRPL. .
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.
In mid-March, Ripple said it would commit 1 billion XRP to accelerate development and new use cases on the XRP Ledger (XRPL). The fund, which is an outgrowth of the XRPL grant program, was established in 2021 and has since awarded total funding of $6 million to more than 50 open-source projects based on the XRP Ledger.
Ripple’s shared aim with the developer community to help build the Internet of Value by bringing enhancements and new use cases to blockchain technology, specifically the XRPL, is furthered through the XRPL grants program. The XRPL grants program’s first two waves focused on research involving NFTs and Federated Sidechains, respectively.
