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August 9, 2022
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NFT on Ripple? The company wants to expand its activities to a new type of tokens –

Ripple’s chief technology officer David Schwartz says his company is looking for ways to introduce non-convertible tokens (NFTs) to the XRP Ledger network.

NFT on Ripple?

In a new interview with Thinking Crypto Schwartz notes that he personally has a strong interest in two specific issues regarding the NFT. He means, for example, about “Motivating people to collect things.”

– If you look at NBA Top Shot which is a great NFT project, [to dostrzeżesz, że] guarantees you a fantastic user experience, but the most important thing is that I have a connection with something that means something to me [ważnego]what no one else has – he explained. – I don’t know exactly what’s going on, but it doesn’t matter. What matters to me is that I love LeBron James, Steph Curry or anyone else, and have a special relationship with them that no one else has. – added.

It is possible that Ripple will want to take advantage of this trend. The more so as the company sees other advantages of NFT.

Digital rights

Another aspect of NFT tokens that interests Schwartz is the idea of ​​digital rights. Schwartz notes that everyone now has “Digital rights packages” in the form of song files on iTunes or e-books on the Kindle.

However, he says that the current user experience with these digital rights is “Absolutely terrible” due to the ever-changing market.

A Ripple expert wonders if NFTs are a step in the right direction and a good way to find a long-term solution to digital rights.

Schwartz’s comments are not the first evidence that the NFT could hit XRP Ledger. Last month, the founder of Ripple-backed development studio XRPL Labs Wietse Wind announced plans to add NFT to XRPL.

Today, NFTs are used by many companies and artists. The new album Kings of Leon has recently been released on the market. The team released it in several versions, one of which was tied to tokens. Grimes, the singer and partner of Elon Musk, also aired their NFT.

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