NFT Minting on XRP Ledger in Q4 2022: Ripple Report
NFT (non-fungible token) minting on the XRP Ledger is just around the corner, according to Ripple’s Q3 market report. Now, Ripple developers proposed native NFT support on the network back in Q1 of 2022. The aim was to give developers access to non-fungible token minting, trading, and burning functionalities. However, a bug was discovered that can potentially be used by ill-intended players “to perform a denial-of-service attack on NFT issuers.” Thus, developers withdrew their votes. Instead, a new proposal to remove the mechanism which caused the bug to appear was presented. As per the report, the new proposal has over 80% votes, more than the number needed for its implementation. The community expected the proposal to go live in Q4 of this year, which is upon us already. Additionally, the report shed light on the second wave of recipients of Ripple ’s Creator Fund. The Creator Fund is a $250 million initiative to provide creators with the resources they need to resear...