This amendment is now open for voting according to the XRP Ledger’s amendment process
Ripple announced the release of XRP Ledger version 1.9.0. The release, rippled version 1.9.0, introduces a new amendment to the XRP Ledger protocol to support Non-Fungible Tokens (NFTs) natively on the XRP Ledger (per draft standard XLS-20).
According to the release notes, this amendment is now open for voting according to the XRP Ledger’s amendment process, which enables protocol changes following two weeks of more than 80% support from trusted validators.
If successful, this could enable advanced NFT functionality, as developers can now build apps that allow users to create, transfer, and ultimately burn (if desired) NFTs to the XRP Ledger.
Ripple’s CTO, David Schwartz, spoke about the latest release: ”Ripple validators will (for now) veto bringing XLS-20 to mainnet until we feel confident in NFTs impact on XRPL. In the meantime, we’re conducting performance testing and plan to share our results with the broader community.”
He further explained: “Ripple has long been a responsible participant in the XRPL community, and while we are excited to contribute NFT technology to the XRP Ledger, we are also committed to its stability and scalability. As such, today’s release includes a number of performance improvements, and the final outcome of XLS-20 will be up to the collective XRPL community.
NBA legend Michael Jordan NFTs to debut on XRPL
Rare Air Media, the company behind Michael Jordan’s graphic autobiography For the Love of the Game, is getting into NFTs.
The company is collaborating with VSA Partners, the lead creative agency partner of Ripple’s Creator Fund, to launch NFTs on the XRPL, including a unique collection of digital assets dedicated to the life and career of the former gamer. NBAMichael Jordan.
The first batch of NFTs is expected to be available in Q2, 2022, and will comprise an intimate selection of original, momentous photos of Michael Jordan, as well as his thoughts and observations leading up to the photo.
From celebrities like Snoop Dogg and Paris Hilton to professional athletes like LeBron James, to big brands like Disney and the Grammys, the media and entertainment space has been an early adopter of NFT technology.
