2023-11-02 18:45:13

Ripple CTO Identifies Key Milestone As XRP Ledger Sees NFTs Go Live on Mainnet - The Daily Hodl

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The Daily Hodl
By Conor Devitt

Non-fungible tokens (NFTs) are now live on the XRP Ledger (XRPL) after a new amendment enabling extensions supporting a native NFT type on the ledger was activated.

David Schwartz, Ripple’s chief technology officer, says in a new blog post that RippleX engineers built the new feature using a no-smart-contracts approach to increase its cost-effectiveness and resilience to hacks.

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Schwartz notes that a few NFTs have already been minted on the XRPL. The CTO says NFTs on the ledger are built with automatic royalties.

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