Ripple’s use of tokenization will be of major benefit to its network and native token. Tokenization will be in demand for its ability to track asset ownership using Blockchain technology.

$1 trillion is the value tokenization it is expected to hit in 2024. That value is expected to surge to $10 trillion by 2028.

Tokenization still has some barriers to demolish. Adoption is slow, but demand across big financial top-dogs is increasing.



Ripple’s XRP Lenger (XRPL) was the first blockchain to aid tokenization for a large number of assets. These assets include stablecoins, NFT tokens, and other cryptocurrencies like Bitcoin and Ethereum. The USD, Euros, gold, and even stocks can be tokenized, thanks to XRPL.

Although it is happening at a slower pace, XRPL is noting some big achievements on the Blockchain network. In a report recently published by Ripple, it was noted that on-chain activity on the XRPL platform was buoyant.

Tokenizing any asset on the #XRPL is easy as pie!🥧 All you need is a few lines of code, or a web interface that walks you through the process step-by-step.

Check out this video to review the basics. https://t.co/PJoKqp4YCG pic.twitter.com/Hhjb5zLE4j

— RippleX (@RippleXDev) February 2, 2023

The amount of transactions on the platform have skyrocketed this year. The ledger now records over a whopping 3 million to 106 million transactions.

NFT transactions are also experiencing the same levels of growth. In the last quarter, new wallet uses totalling 228,000 were ushered into the ledger.

Ripple also reported that Ripple has so far made a $8.4 billion purchase since the SEC lawsuit began.

XRPL surely holds the keys to a massive price hike for XRP, should it succeed in the Crypto market.

SEC vs Ripple; case so far

Meanwhile, the ongoing SEC vs Ripple case is entering a crucial period. The verdict of the case is expected to influence the price and performance of XRP, either in a positive or a negative manner.

The motions for summary judgment have already been briefed last year. All that is left for the case’s conclusion is a judge’s ruling, which the public awaits.



There’s no specific date for when the case will eventually come to a close. But the CEO of Ripple, Brad Garlinghouse, insists that there will be an update within the first three months of 2023.

On the other hand, attention can be given to XRP’s price movement. XRP does not seem to be holding up too well at press time. XRP spiked by 1.14% in the last 24 hrs. But XRP’s losses outweigh the gains at the moment. XRPA’s price is now $0.415.

Der Beitrag Ripple XRP price to go 10x after win over SEC and this future tech billion-$-market of tokenization – Report erschien zuerst auf Crypto News Flash.

Blockchain startup Ripple is now working its way to provide users access to non-fungible tokens (NFTs). In a recent development, Ripple has partnered with Ethereal Labs via the Ripple Creator’s Fund.

Earlier this year in April, Ripple announced the launch of its Creator’s Fund with a $250 million commitment that helps creators bring their NFT projects to the market on the XR Ledger. As part of this partnership, the two players will bolster the Web3 ecosystem by bringing NFTs and crypto assets to the masses via the XRP Ledger, custom partnerships, and collaborations.

Also, this partnership between Ripple and Ethereal Labs will help to bring NFTs to a larger audience. Providing the creators’ access to a proven NFT platform will also help in bolstering Ripple’s NFT strategy.

Ethereal Labs is a multi-disciplinary studio that leverages Web3 technology to build groundbreaking IP. This includes P2E games, the upcoming PFP collection, and the Exorian Universe. As a result, Ethereal Labs helps to bring global brands, artists, and studios on a single blockchain platform. Besides, they have also created NFTs for some of the world’s highest-regarded brands and celebrities including DeLorean Motor Company, Toys R Us, Bruce Lee, Lionel Messi, Shaquille O’Neal, and others.

Ripple was one of the key participants in the $20 Million seed round of Ethernal Labs. This allowed the two players to help established celebrities and other household brands enter into the NFT space and bring the benefits of open-source XRP Ledger into the metaverse and gaming space.

Ethereal Labs and XRP Ledger

Previously, Ethereal Labs chose to integrate with XRP Ledger. Adrian Baschuk, founding partner and CCO at Ethernal Labs said that this partnership will allow offering NFTs from globally recognized brands, licenses, rights, IPs, and individuals to a broad audience in a fast, easy and secure manner.

“Until now, NFTs have been largely siloed, excluding some users. This enables further expansion of the NFT universe,” added Adrian.

Besides, he also explained the different use cases that Ethereal Labs would make possible after integrating with the XRP Ledger. For the integration, Ethereal Labs would be creating customized NFT collections with leading IPs and artists very soon. They would also be leveraging upon the XRPL community’s access to a wide range of white-label experiences.

Via Ripple’s Creator Fund initiative, developers will get creative and technical support to assist NFT artists. This will aid them in developing their projects on the XRP Ledger, stretch the bounds of what’s possible, and explore new use cases for NFTs.

Der Beitrag Ripple scores new partner to offer NFTs to billions of people – Will it drive XRP price to $5? erschien zuerst auf Crypto News Flash.

Stablecoins are one of the focus areas for applications on the XRP ledger. As of the beginning of this quarter, many development teams from various nations worldwide are developing stable digital currencies using the XRP ledger as their technology platform. Veteran crypto expert with Twitter username @WKahneman shares a list containing stablecoin projects that are likely to succeed over the long term on the XRP ledger. @WKahneman included Stasis, Stably, and Novatti among his favorites.

Recently there have been a number of stablecoins announced on the #XRPL. Any others of note?
Stably (USDS)https://t.co/if42mckwZw
Stasis (EURS)https://t.co/xx6EXjkBpZ
Xago (XUS)https://t.co/ow1X7Osi9I
Palau (USD?)https://t.co/RvewlKBrcC
Novatti (AUDC)https://t.co/Zd5kiqN0Ld

— WrathofKahneman (@WKahneman) October 8, 2022

Besides using the XRP ledger for their software, most are also in active partnership with Ripple. For their marketing and engineering. Early last month, Stably (a US-based Web3 payment service provider) revealed that it would issue its Stably USD (USDS) on the XRP ledger. Per the announcement, Stably will get the necessary technical support from Ripple to incorporate USDS with the XRP ledger.

Also, Stasis, a leader in the development of euro-backed stablecoin, announced the issuance of the EURS stablecoin on the XRP ledger in February this year. Stasis also disclosed that it would receive technical support from Ripple to integrate EURS with the XRP ledger before the end of this year.

In June 2022, South Africa-based fintech company, XAGO, launched its stablecoin, XUS, on Ripple’s XRP ledger. The XUS stablecoin allows XAGO customers to save costs on their USD and USDC transactions. This stablecoin will soon be on the XRP ledger’s mainnet.

More adoption of Ripple’s technology

In addition, XRPL-based projects are developing stablecoins with unexpected assets. For example, Novatti Group Limited (a Germany-based digital payments firm) recently announced a partnership with Ripple to issue an Australian Dollar-backed stablecoin, AUDC. Also, the Aurei (AUR) stablecoin will soon be available on the XRP ledger.

It would also be available on compatible blockchains such as Flare and Songbird. Furthermore, the state of Palau is making progress regarding the launch of its central bank digital currency (CBDC) on the XRP ledger. Palau also partners with Ripple to explore the use cases of its CBDC on the XRP ledger.

The development of Palau’s CBDC in association with Ripple started last November. The partnership’s initial focus was to create a USD-backed digital currency for Palau and develop strategies for cross-border payments. The XRPL and its in-built Decentralized Exchange (DEX) are built for payments and support the issuance of stablecoins with a unique, fungible token feature known as issued currencies.

Perhaps, the positive developments are having a positive effect on XRP’s price. Even though XRP is down 1.81 percent in the last 24 hours, it still trades above $0.5 and is among the top performers this past week among large-cap altcoins. It is up by nearly 18 percent this past week.

Der Beitrag Ripple will be the basic layer for these CBDCs and stablecoins – Will it drive XRP price? erschien zuerst auf Crypto News Flash.

The XLS30d (proposed automated market maker) and XLS-20 proposals are at various levels of advancement. Hence, it is likely that the XRP ledger might soon receive new features to enable DeFi and NFTs. Currently, the XRPL validator is considering the XLS-20 proposal, which would allow for native NFTs on the XRP ledger.

Thus, it would be possible to create NFTs on the XRP ledger compactly and efficiently. It also minimizes the negative impact on the ledger’s performance and prevents congestion on a large-scale basis. XLS-20 can significantly simplify the NFT creation process for developers with built-in features such as auctioning and minting.

Once the XRPL community adopts this XLS-20 (the proposed NFT protocol), it will be faster to complete NFT transactions on the XRPL. Also, it will be less expensive to buy, sell or mint NFTs. Ripple developers launched an NFT devnet in January to facilitate support for NFTs on the XRP ledger.

The XLS-30d proposal

The July 2022 XLS-30d proposal suggests the introduction of a non-custodial automated market maker (AMM) as a feature on the XRPL decentralized exchange (DEX). The aim is to maximize returns for AMM liquidity suppliers and reduce risk losses caused by volatility. Thus, creating better DeFi functionality on the XRPL.

One of XRPL developers, Wo Jake, revealed that the proposal for the AMM amendment as a pr is available on Ripple’s codebase. Ripple’s Vice President, Corporate Operations and Strategy, Emi Yoshikawa, tweeted the schedule for the completion of the AMM (XLS30d) proposal. According to her, the AMM devnet release should be available in the next few weeks. The Ripple executive added that an amendment proposal would be available by Q4 2022 after incorporating the community’s feedback.

🚨ANNOUNCEMENT🚨

We are very excited to announce our partnership with @realsupermojo to enable creditcard payments and leverage their custody solution through our #XRPL NFT marketplace.

Accessibility is the key to mass adoption. Fiat payments for #NFTs enable that.#XLS20 #XRP

— onXRP.com (@onXRPdotcom) September 7, 2022

Yoshikawa explained the importance of the proposed AMM (XLS30d), saying, “there has been a DEX running on the XRP ledger since 2012. But it is in an order book format (the CLOB).” “Adding an AMM based on a future amendment would strengthen the CLOB DEX and improve liquidity significantly.”

Temenos and Bhawan Cybertek (BCT) partner together

Meanwhile, Ripple partner, Temenos, has signed an exclusive strategic agreement with digital transformation firm, Bahwan Cybertek (BCT), to expand its market presence in Bhutan and neighboring nations, specifically India, Nepal, and Sri Lanka. Besides helping Temenos to deepen its local expertise and expand its market coverage. BCT will also market, utilize and support Temenos’ products and services in these nations.

BCT’s group CEO and co-founder, S Durgaprasad, said the partnership would improve BTC’s visibility and network within the banking industry. Through this agreement, Temenos will achieve faster business growth in the countries mentioned above. Temenos’ president and chief revenue officer, Erich Gerber, said that the deal would enable Temenos to leverage BCT’s expertise in the local market to access new business opportunities in these geographical regions, facilitating the company’s growth.

Der Beitrag Ripple: DeFi and NFT on the XRPL will change the whole ecosystem erschien zuerst auf Crypto News Flash.

Ripple is already awarding applicants for the NFT-dedicated Creator Fund barely 36 hours after launch. The company announced Thursday that 25 grantees in more than 20 countries will receive $2 million in total to build an NFT community on XRP Ledger (XRPL).

Congratulations to the awardees of the inaugural #XRPL Grants Program.

RippleX presented the awards, with XRP Labs acting as a technical advisor, as per the official announcement. Ripple launched the  XRPL Grants Program to provide independent developers with technical and financial support to build a variety of NFT projects on XRP Ledger.  The program is open to all kinds of projects wishing to build on XRPL, offering additional help, including technical development support.

Over 100 NFT developers submitted proposals within the first 24 hours

The first wave of the XRPL grant is encouraging applicants to present NFT related projects. According to Ripple, over 100 developers submitted proposals within the first few hours of launch.

From this incredible batch of applicants, 25 grantees have been awarded nearly $2 million in total value.

The awardees range from individual developers to teams from different countries. Developers from Ripple’s University Blockchain Research Initiative also received three grants in the first wave.

The projects tackle different problems and opportunities, such as developing NFTs for art, music, sports, digital advertising, and retail industries. Others will focus on learning tools and platforms to build on and interact with XRPL, building data visualization tools and payment and security solutions.

Here is a short description of some of the grantees and their grant allocations.

1. Aquarelle Metaverse, an NFT studio for art and game development. Aquarelle wants to work with new developers and artists, particularly from India, to represent their creativity across blockchains. The project has already built art NFTs on Ethereum and Cardano and is also working on a 3D virtual gallery prototype. The grant will enable Aquarelle to build a metaverse on XRPL. Aquarelle received $130,000.
2. Anchain.AI- Artificial Intelligence (AI) powered project from the US to enhance blockchain security, risk, and compliance strategies that received $50,000.
3. Bithomp-  An existing Swedish  XRPL explorer and toolkit with established use cases in the Cryptocurrency market. The project was launched in 2015 to build the most comprehensive and user-friendly XRPL explorer. Bithomp has been running an XRPL validator node since 2017. The project received $200,000.
4. CarbonLand Trust- An eco-friendly protocol from the US that wants to create ESG NFTs to represent rights on future carbon credits from forest conservation.  CarbonLand will issue carbon credit bonds and offer them on the XRPL DEX and other Dexes. This impressive project is looking to scale voluntary carbon markets. Ripple awarded it $25,000.
5. Galaxy- A decentralized advertising platform for digital publishers and advertisers with a community governance model and a fast, reliable clearing via XRPL. Galaxy will provide digital publishers and content creators with a more efficient way to fund their content and grant advertisers direct access without third-party involvement.

Ripple added that XRPL is open to all developers, including those wishing to build without applying for the grant.

Der Beitrag Ripple’s Creator Fund grants $2 million to the first wave of applicants erschien zuerst auf Crypto News Flash.

• The fund will support NFT creators, developers, and agencies with three kinds of resources.

Ripple is creating its own NFT community. The company announced Wednesday a whopping $250 million fund to support NFT creators, marketplace developers, and NFT support agencies on its centralized blockchain ecosystem XRP Ledger (XRPL).

Dubbed Ripple’s Creator Fund, the fund will ignite the “global creator economy” and blockchain developer communities.  According to Ripple, the Creator Fund will enable developers to create a new era of tokenization that will transform how people buy, sell and manage all kinds of assets.

 We’re incredibly excited to launch our $250 million creator Fund to enable creators to explore new use cases for #NFTS on the #XRLedger and engage more deeply with the communities they care about.

The fund will specifically offer three kinds of support to interested developers: technical support to integrate with XRPL, co-marketing and creative agency support, and promotion and access to the XRPL marketplace.

Ripple also said XRP Ledger -one of the fastest and most sustainable public blockchains- is highly suitable for bringing about a state-of-the-art NFT experience. Ripple partnered with the NFT marketplace Mintable, Polygon cross-chain platform mintNFT, and Chicago-based creative agency VSA Partners to deliver its outlined benefits.

Ripple is now a big-time NFT investor.

The investment makes Ripple one of the most prominent investors in the NFT crypto sector. The company is expanding its long-term investment in the crypto market, despite its legal battle with the Securities and Exchange Commission (SEC) for offering XRP as unregistered security in 2017. 

The proceedings have become a crucial case study for lawmakers, and cryptocurrency investors, especially after Ripple’s legal team started to turn the tables on the SEC, almost putting the regulator on trial.

The Creator Fund is $150 million more than its previous $100 million fund that Ripple’s investment arm Xpring launched in partnership with gaming developer Forte to support blockchain game developers on the XRP ledger in 2019.

The fund aims to bring blockchain gaming and XRP to the mainstream by integrating XRPL into existing games with over 50,000 daily active users. In 2020, Forte announced a $30 billion project to integrate music into a single video game and reportedly holds the potential to dwarf the entire music industry.

Ripple was also one of the notable investors in Mintable’s $13 million Series A funding round to scale up its operations and boost growth. Mintable has been one of billionaire Mark Cuban Companies since March 2021. The marketplace has also promised never to issue a token, a feature that makes it attractive to a competing company like Ripple.

The NFT bandwagon

The NFT tokens market cap has reached over $18.6 billion, NFT with a trading volume of more than $1.6 billion. The mother of all NFT projects, Ethereum, has been getting stiff competition from other blockchains, including Solana and Binance Smart Chain (BSC).

Ripple is the latest influential blockchain platform to announce support for NFT development. Dapper Labs’ Flow blockchain is home to multiple NFT projects already driving consumer adoption, including NBA Top Shot, Chicago Bulls NFTs, Blockparty NFT marketplace, and many others.

Additionally, Cardano partnered with digital art marketplace Terravirtua, during its 2021 Cardano Summit, to award participants with rare collectibles. The self-proclaimed most–decentralized third-generation blockchain technology platform also introduced NFT minting capabilities after its hardfork in September.

Der Beitrag Ripple launches $250 million fund for NFT community building on XRP Ledger erschien zuerst auf Crypto News Flash.

The crypto ecosystem is fast advancing, moving the industry to an era of technological innovations. The industry has seen the introduction of Decentralized Applications (DApps) and Decentralized Finance (Defi) which seem to have attracted huge demand in the market. To catch up with the fast advancing industry, the Chief Technology Officer of Ripple Labs, David Schwartz has proposed the introduction of sidechains to ensure that smart contract adjacents are enabled on the XRP ledger (XRPL). 

He also cited the rise in demand from users for smart contract implementation as part of his reason. This is contrary to their long-standing advocacy against features that may compromise XRP Ledger’s focus on highly efficient payment. 

Today I introduced my vision for adding federated sidechains to the XRP Ledger which means a lot of things but essentially that anyone who wants to, can run a sidechain to the XRPL.

With this implementation, one or more sidechains would be connected to the main network of the XRPL using a software called “Federator”. The sidechains could push Ripple’s vision to a new class of crypto followers. Any interested user can run the sidechains and also implement DeFi, smart contracts, and other features. Most importantly, it can run its own ledger and operate with its own native currency. Schwartz mentioned that sidechains can have their own reserve system, their own fee system, and their own transaction capacity. 

This concept would allow each sidechain to have its own ledger and transactions, as well as a federation system that allows XRP and issued tokens (BTC, fiat, anything really) to move from one chain to another. 3/6

— Ｄａｖｉｄ　"ＪｏｅｌＫａｔｚ"　Ｓｃｈｗａｒｔｚ (@JoelKatz) June 7, 2021

Federated assets imported onto the XRPL would trade on the XRPL’s integrated Decentralized Exchange (DEX). When XRPs are imported onto the sidechains, they would also be used for liquidity on their integrated DEX. Each sidechain will have a “Trust” account on the XRPL mainnet to hold assets on behalf of users of the sidechains.

Sidechains won’t alter XRPL functionality

Schwartz is most optimistic about this considering the rapid development of Defi in recent years. Since 2019, Defi developers have increased by 110 percent. This is expected to surge more this year, forcing companies to explore the ecosystem. Schwartz also mentioned that a lot of work will have to be done to see the full implementation. They will have to build the sidechain itself and add more features to the XRPL server software. 

According to him, they are relying on feedback from the developer community to make their proposal better. 

On top of that, as it’s still in its infancy, we’re soliciting feedback from the developer community to make this proposal better and more feasible. We asked the community to ask questions, give feedback, and participate in the discussion.

As it stands, the existing functions of the XRPL will not change with the implementation of the sidechains. This stems from the difficulties in moving XRP and other tokens between the mainnet and the sidechains. 

Der Beitrag Ripple proposes adding new federated sidechains to the XRP Ledger erschien zuerst auf Crypto News Flash.

Ethereum has been the mainstay in the non-fungible token (NFT) market, but Ripple is now staking its claim. The company announced recently that it has proposed a standard that will allow XRP Ledger users to issue NFTs using existing functionality. The ledger has an advantage over Ethereum as it’s much more cost-efficient, inherently green, and has a built-in token advantage.

NFTs have shot up to become the most trendy sector in the crypto industry in the past year. However, they are just one aspect of a wider trend – tokenization. According to the World Economic Forum, 10 percent of the global GDP will be tokenized by 2027. However, for this to happen, blockchain infrastructures need to evolve and become more efficient, scalable and affordable.

In a recent blog post, Monical Long, the general manager of RippleX stated:

This presents a unique opportunity for the XRP Ledger (XRPL): a blockchain that was created with the design and performance characteristics necessary to handle all types of currencies or assets with high efficiency and at low cost.

Ripple is out to take over the NFT marketplace, she revealed. The current infrastructure just hasn’t been good enough. This has denied its users the opportunity to fully utilize the power of blockchain-based tokens, she believes.

A better and more sustainable approach to NFTs? GM of RippleX @MonicaLongSF shares why it’s possible with the XRP Ledger. https://t.co/FKNZhyR5DK

— Ripple (@Ripple) May 24, 2021

XRP Ledger: The blockchain-of-choice for NFTs

Long believes that the XRP Ledger is ideally suited to deliver a superior user experience for NFTs and other tokens. She pointed out:

When combined with a robust suite of tools and resources, the innate performance advantages of the XRPL and its native digital asset XRP will enable developers a seamless experience for NFTs.

The XRP Ledger wins for three reasons. The first is that it’s the most cost-efficient blockchain for minting NFTs, Long continued. On Ethereum, users have to account for the ridiculously high gas fees, which usually reflect on the price of the NFT.

She added, “Thankfully, the XRP Ledger was built to be a more cost-efficient, scalable blockchain, and its coming federated sidechains aim to prevent the potential risk of clogging the network as NFT transactions take off.”

The second reason is that the XRP Ledger is inherently green. Energy usage has become one of the biggest conversations around blockchain platforms. Bitcoin is the biggest guzzler and has the highest carbon footprint. However, Ethereum’s carbon footprint is also a source of concern, especially as its usage continues to grow.

“Building on the XRP Ledger provides developers a unique opportunity to run more sustainable NFT apps and marketplaces while eliminating a heavy burden for the planet,” Long pointed out.

NFTs on a chain with near zero transaction fees and carbon emissions. We'd love your comments on the #XRPL proposal for native NFT support (by @JoelKatz @nbougalis @aanchalmalhotre). https://t.co/BufzRp6GCy

— Monica Long (@MonicaLongSF) May 24, 2021

The third reason is the blockchain’s token advantage. While Ethereum takes all the shine for the number of tokens that run on its blockchain, the XRP Ledger has impressed as well. To date, XRP Ledger users have issued or traded over 5,400 currencies via its decentralized exchange.

Since 2013, the XRPL’s fully-functional DEX has enabled those holding and receiving assets to issue, buy or sell any token—making the XRPL ideally suited for participants building a flourishing, lasting ecosystem for NFTs as tokenization launches into the mainstream.

Der Beitrag Ripple is going after Ethereum in the NFT market with XRP Ledger, top exec reveals erschien zuerst auf Crypto News Flash.