XRP Ledger Among Top 10 NFT Chains with Over 1.4M NFTs Minted
NFT
The XRP Ledger (XRPL) has secured a spot among the many high 10 NFT blockchains simply six months after NFT performance got here to the community.
The XRP Ledger welcomed native NFT performance when the XLS-20 modification went stay on the community in late October 2022. Six months in, over 1.4 million non-fungible tokens (NFTs) have been minted on the community, making it one of many high 10 NFT chains within the crypto scene.
RippleX, the event staff behind the XRP Ledger, first drew consideration to the achievement in a current tweet because it sought to focus on the community’s progress in NFT adoption.
1/ XLS-20 went stay on mainnet six months in the past, bringing native NFT performance to the #XRPLedger. The developer and creator communities have been thriving with thrilling initiatives, new use circumstances and collections coming to life on the #XRPL. https://t.co/tmmb2vo31t
— RippleX (@RippleXDev) Might 15, 2023
Bithomp, an XRPL explorer, corroborates these claims of expansive progress. Information from the explorer means that the XRP Ledger has welcomed 1,409,434 (1.4 million) NFTs in six months, with as much as 791,776 NFT transfers made on the chain.
NFTs on XRPL
Furthermore, RippleX revealed that onXRP, Sologenic, and xrp.cafe represents the highest 3 NFT marketplaces on the XRPL by market quantity, collectively accounting for over 80% of the whole NFT transactions on the community.
Bithomp knowledge additionally signifies that there are 4,615 NFT issuers on the XRP Ledger, with the highest 3 by way of gross sales quantity being XPUNKS, Bored Apes XRP Membership, and xSPECTAR. As beforehand reported by The Crypto Primary, the second-largest single NFT sale on the XRPL occurred final month and concerned an XPUNK. The one largest was additionally an XPUNK.
As well as, whole NFT gross sales quantity has continued to skyrocket to spectacular heights, as knowledge means that as much as 173,697 NFT gross sales have been made to date, resulting in a complete quantity of $9.1 million. onXRP instructions 49.71% of the whole quantity, amounting to $4.5 million.
In line with the current disclosure from RippleX, these issued NFT collections cater to real-world purposes akin to loyalty packages, actual property, music, and occasions & ticketing. The event staff additionally famous that the neighborhood is finishing up extra work to additional advance and promote tokenization and the usage of NFTs for real-world utility.
