RippleX shares winners details from the recently concluded XRPL NFT-Devnet hackathon and the NFT case developers have begun building on Ledger. RippleX is an open platform for monetization that allows developers and entrepreneurs to pay for their apps through the XRP Ledger.
RippleX Introduces New NFT Use Cases As The Winner Of The 2022 XRPL Hackathon Opens
The XRP ledger now includes a built-in native token function called XLS-20d. Currently, NFT-Devnet, a beta environment that improves the NFT capabilities of the XRP Ledger, is in use.
While most of the early NFT use cases revolved around avatars, art, and collectibles, more utility-based applications are starting to emerge, requiring the development of cutting edge NFT solutions. further on XRPL.
Ripple proposed XLS-20 last year, a standard that would allow the XRP Ledger to provide native NFTs and a smooth NFT experience. The new XLS-20 standard seeks to assist developers in creating improved and more advanced NFT applications on top of the XRPL platform.
In mid-March, Ripple announced a commitment of 1 billion XRP to accelerate development and new use cases on the XRP Ledger (XRPL). The Foundation, an outgrowth of the XRPL funding program, was founded in 2021 and has since awarded a total of $6 million in grants to more than 50 Ledger-based open source projects.
Ripple’s shared purpose with the developer community is to help build the Internet of Value by bringing innovations and new use cases for blockchain technology, specifically XRPL, further enhanced through through the program. Sponsor XRPL. The first two phases of the XRPL grant program focus on research related to NFT and Federated Sidechains respectively.