Ripple Successfully Introduced XLS-20 on XRP Ledger, in a Development that Could be Termed as Revolutionary for the NFT Market

Following Ripple’s months-long efforts to make XRP ledger NFT-compatible, the firm has finally introduced the new standard on the mainnet. As tweeted earlier by Ripple’s Chief Technology Officer, David Schwartz, the XLS-20 token is now live on XRP Ledger , with a few NFTs already been minted on the platform. For this revolutionary upgrade, Ripple’s senior executive acknowledged the collective effort of the firm and dev engineers. Schwartz stated that while the XLS-20 token is not new to the ledger, it will help creators tokenize assets and develop web3 applications with real-life utility. Schwartz concluded: Thanks to the collective effort