Wednesday, October 5, 2022
HomeBlockchainRipple and NFT Marketplace CrossTower Set To Release NFTs on XRP Ledger

Ripple and NFT Marketplace CrossTower Set To Release NFTs on XRP Ledger

CrossTower NFT marketplace has united with the top blockchain project, Ripple, to unleash the potential of non-fungible tokens (NFTs) on the XRP Ledger.  Interestingly, this teaming will introduce the ability to transact NFTs using credit cards. Also, a pipeline of inaugural projects on the XRP Ledger will be rolled out soon.

CrossTower Set To Support Ripple-based NFTs

CrossTower NFT is a marketplace designed to give high-end buyers and sellers a platform to create, buy and sell exclusive NFTs. The platform connects artists, collectors, and fans with exclusive and curated experiences in web3. 

Given the marketplace’s desire to expand and accommodate more NFT enthusiasts across various blockchains, it has teamed up with the ultra-fast, low-cost, and carbon-neutral blockchain, Ripple, to give users an optimized experience.

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In a statement released on June 11, CrossTower announced a strategic partnership with Ripple. The top NFT marketplace is now set to support non-fungible tokens minted on the XRP Ledger (XRPL). 

In other words, CrossTower will facilitate the minting and trading of NFTs with Ripple as the provider of technical support on the XRP Ledger (XRPL) blockchain. More so, with the low transaction cost available on XRPL, NFT creators can mint NFT projects at cheaper rates. 

“We are partnering with Ripple to make waves with NFTs in India and around the world,” CrossTower tweeted. Likewise, Ripple noted, “we’re excited to partner with the CrossTower NFT platform and integrate this NFT marketplace with the XRPL, building web3 in India and around the world.”

Interestingly, this collaboration will bring to the platform users an advanced NFT purchase experience. Users will be able to transact non-fungible tokens (NFTs) using credit cards and also receive their assets via integrated wallets on the XRP Ledger (XRPL).

Additionally, the NFT platform will disclose its myriad inaugural projects on the XRP Ledger in the coming weeks. 

In response to this development, Kapil Rathi, CEO of CrossTower said,

“We are thrilled to partner with Ripple and build our Web3.0 platform on the XRP Ledger (XRPL). Ripple’s commitment to building a developer network in India is particularly exciting for CrossTower as we are committed to developing India’s blockchain talent. We look forward to the growth of our global NFT platform.”

Read Also: Ripple’s Attorneys Counter as SEC Requests to Seal Daubert Motions From Public View

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Increasing Adoption For Ripple Blockchain

Amid the judicial problem Ripple Inc. is currently facing with the United States Securities and Exchange Commission, the leading enterprise blockchain and crypto solutions blockchain has recorded increased patronage. 

Notably, Lotus Cars recently partnered with Ripple and NFT PRO to launch automotive NFTs on the XRP Ledger (XRPL). Also, in June ending,  Airwallex leveraged RippleNet’s capabilities to launch its international payments services in New Zealand.


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Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom joined the crypto and blockchain industry in 2019. He is an all-rounded crypto content writer. He mostly covers industry news, developments, and other educational resources. He believes that proper crypto awareness is instrumental to achieving mass adoption.
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