Ripple $XRP Ledger to include NFT capabilities

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Ripple is expanding its crypto presence by creating a new standard which will enable complex NFT applications to exist on the $XRP Ledger. The non-profit organization has expanded into other areas of development in support of this effort in order to enhance its skills across multiple fronts.

According to the firm, the new standard, XLS-20, will help developers create more advanced, innovative NFT applications. As part of the initiative, multi-purpose applications will be onboarded, along with the enhancement of the XLS-20d standard, which integrates native token functionality. 

In addition to the launch, the company made several big-money philanthropic moves, including the creation of a $250 million Creator Fund for those looking to build and monetise innovative NFT experiences on the XRP Ledger. There have been over 4,000 applications received for projects centered around NFTs, which collectively explore the metaverse, gaming, digital collectibles, and crypto art. 

A billion XRP was also committed to the XRPL Grants program, which was set up to speed up financial technical and business development on the XRP Ledger over the next 20 years. 


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