Mintable becomes one of the first NFT marketplaces to support the XRPL.
Mintable, an NFT marketplace built on Ethereum, has launched support for the XRP Ledger, per a tweet from the platform yesterday.
“Mintable now supports XRPLedger!” Mintable announced. “We’re excited to introduce one of the most secure, sustainable, and efficient blockchains to the NFT ecosystem.”
? 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
The NFT marketplace highlighting its motivations, lauded the XRPL for its security, scalability, and eco-friendliness. Mintable hints that it will announce support and incentive programs for XRPL NFT creators and traders soon.
It is worth noting that the platform offers unique benefits that XRPL users can now utilize. For example, it allows users to mint NFTs with no gas fees, and NFT creators can set any royalty rate, usually 5 to 10%. In addition, the pro service equips users with tools for advertising, the ability to create custom stores, and 24/7 customer support. Furthermore, it is beginner friendly as it offers a vast array of educational articles and videos.
DappRadar ranks it as the 113th largest NFT marketplace by volume. Data shows that it has seen ten transactions in the last 24 hours.
“We are excited to partner with Mintable to help bring in new creators and projects building innovative Web3 projects with the real utility to the XRP Ledger,” Emi Yoshikawa, VP of Strategy and Operations at Ripple, said in the press release touting the continued reliability of the XRPL for developers.
Per the press release, Mintable will also support projects from Ripple’s Creator Fund recipients.
Unsurprisingly, users have responded positively to the announcement. For example, one user highlighted it as proof that people use XRP contrary to narratives spread by proponents of other ecosystems.
NFTs became native to the XRPL at the end of October after a delay due to a bug fix. Despite the uncertainty, it saw the minting and launch of 240,000 NFTs and 9000 NFT collections in a week, per a report from The Crypto Basic.
onXRP now reports that XRPL PUNKS has already reached 1 million XRP in secondary sales.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
