Mintable, a utility-focused web3 platform where non-fungible tokens can be traded and minted, now supports NFTs on the XRP Ledger (XRPL). This new development is regarded as a step forward in Mintable’s partnership with Ripple, the US-based cross-border payments firm.
The NFT marketplace which was founded in 2018, aims to bring the carbon-neutral XRP Ledger to the wider non-fungible token community. Hence, allowing NFT enthusiasts to enjoy the uncommon benefits associated with transacting non-fungible tokens on XRPL.
According to Mintable, it would support and incentivize NFT creators who choose to innovate on the XRP Ledger as well as traders who collect NFTs on the blockchain.
🚀 Mintable now supports #XRPLedger!
We're excited to introduce one of the most secure, sustainable, and efficient blockchains to the NFT ecosystem 🚀 pic.twitter.com/6aFEOWNSKc
— Mintable (@mintable_app) November 16, 2022
You Can Now Mint and Trade XRPL-Based NFTs on Mintable
Mintable, ranked 112 on the list of top NFT marketplaces by DappRadar, announced on Thursday that the platform has launched support for non-fungible tokens (NFTs) on the XRP Ledger (XRPL). By implication, NFT enthusiasts can now buy, sell, and mint NFTs on the XRP Ledger securely and with very low charges required.
Mintable, which automatically aggregates all NFTs on Ethereum and Immutable X, also disclosed that its support for the XRP Ledger stems from the fact that XRPL is a fast and energy-efficient blockchain for the tokenization of assets. Additionally, the update added that the XRP Ledger is almost free to use, battle-tested, and scalable with robust security.
In relation, Mintable said it will collaborate with Ripple, “to bring creators and developers together to enable the creation of high-quality NFT projects and provide a no-code solution for independent creators on the XRPL.” More so, Mintable added that it will allow recipients from Ripple’s Creator Fund to bring their NFTs to market on the XRP Ledger.
Aside from serving as an NFT marketplace, Mintable also has a service labeled Mintology that provides NFT solutions for enterprises.
XRP Ledger in the NFT World
Patrick Chin, the Chief Marketing Officer of Mintable reacted to the partnership with Ripple by saying;
“The XRPL is a valuable addition to the NFT ecosystem. It is a battle-tested and highly secure blockchain that will help overcome NFT adoption barriers related to security and environmental concerns. Ripple works with some of the biggest companies in the world and will be bringing a suite of valuable partnerships to the NFT ecosystem. We are excited to join their ranks as Ripple’s NFT partner, to help with their NFT initiative, and to introduce one of the most secure, sustainable, and efficient blockchains to the NFT ecosystem.”
Likewise, Emi Yoshikawa, Vice President of Strategy and Operations at Ripple noted that Ripple is excited to partner with Mintable to onboard new creators and projects to the XRPL. “For over 10 years, the XRP Ledger has been a trusted blockchain of choice for developers due to its security, speed, and scalability of tokenizing assets,” Emi Yoshikawa added.
The blooming non-fungible token technology first landed on the Ethereum blockchain. Over time, NFTs extended to many other blockchains including Cardano, Solana, and recently the carbon-neutral XRP Ledger among others. Considering the unique features of the XRPL, it is said to be a valuable addition to the NFT ecosystem.