onXRP Welcomes 240K NFTs and 9K Collections On XRP Ledger (XRPL) in In Just a Week

NFT

XRPL is now dwelling to 240,000 non-fungible tokens (NFTs) and 9,000 collections every week after the launch of XLS-20.

Lower than every week after XLS-20 went dwell, XRPL already homes 240,000 NFTs which have been listed by onXRP.com – an NFT market on the XRP Ledger. The platform additionally listed 9,000 NFT collections, having assisted in launching six tasks. All of the listed NFTs might be traded on XRPL.

The XRP Ledger has witnessed huge development since its inception, and the community is trying to prolong this development in NFTs with the launch of the XLS-20 protocol, which brings native NFT functionalities to the blockchain.

“Now we have now listed round 240000 NFTs, and 9000 collections, and helped launch 6 tasks. All are capable of be traded via on XRP on the XRPL.” onXRPdotcom revealed in a tweet Monday.

Now we have now listed round 240000 NFTs, and 9000 collections, and helped launch 6 tasks. All are capable of be traded via onXRP on the #XRPL.

That is interoperability. Welcome to #NFTonXRP.@Ripple @RippleXDev

— onXRP.com (@onXRPdotcom) November 7, 2022

The disclosure comes barely every week after stories of the launch of XLS-20 on the XRP Ledger mainnet surfaced, as highlighted by The Crypto Fundamental. CTO at Ripple and XRPL Architect, David Schwartz, on October 31, revealed that XLS-20 had gone dwell on the XRPL mainnet, noting that a couple of NFTs had already been minted.

As beforehand talked about, NFTs on XRPL takes a singular method that units them other than standard ones in cryptocurrency. Schwartz famous that XRPL NFTs don’t comply with a good contract mannequin and are consequently much less prone to generate community congestion and customarily exhibit much less vulnerability to assaults.

Further options, akin to the opportunity of co-ownership and an computerized royalty issuance, have positioned XRPL as a powerful contender in opposition to Ethereum within the NFT scene.

The XPUNKS NFT assortment was launched a couple of hours after XLS-20 went dwell. The gathering was launched as a counterpart to the already-established CryptoPunks NFT assortment. Following the launch, a whopping 5.75M XRP quantity was recorded in simply 2 hours.