Ripple has inked a deal with US-based crypto exchange CrossTower to integrate the NFT marketplace on the XRP Ledger. Additionally, the partnership is aiming to build web3 in India and around the world.
CrossTower in a statement said the marketplace will allow developers to quickly onboard NFT projects by giving them access to wallets, payments, liquidity support, and more.
Further, it stated that fans stand to “benefit from an optimized digital purchase experience with the ability to transact NFTs via credit card and receive the assets through integrated wallets on the XRP Ledger”.
Speaking on the partnership, Kapil Rathi, CEO of CrossTower stated,
“We are thrilled to partner with Ripple and build our Web3.0 platform on the XRPL. Ripple’s commitment to building a developer network in India is particularly exciting for CrossTower as we are committed to developing India’s blockchain talent. We look forward to the growth of our global NFT platform.”
Besides that, CrossTower is extending its marketplace functionality to support XRPL which will significantly reduce the costs and barrier to entry for creators to mint their projects on the blockchain, the statement read.
The Nft platform founded in 2019 has offices located in the US, Bermuda, and India. Among its bunch of curated projects are David Bowie’s World Genesis and Antara Movie Nfts.
Last week, British automotive firm Lotus Cars has announced “plans to launch into the world of non-fungible tokens (NFTs).”
According to the press release, Lotus said that for its first NFT collection it is working with NFT PRO and Ripple [which is “providing technical support” on the XRP Ledger].
Ripple’s XLS-20 Unlocks New NFT Potential On XRP
Recently, Ripple developers successfully conducted tests of a new standard called XLS-20 on the XRP Ledger to measure NFT throughput.
The San-Francisco-based blockchain firm is making waves for its high-profile legal fight with the SEC. A day earlier, the firm’s lawyers send out a letter to the judge seeking an expedited briefing against the agency’s ‘Extreme Position’ on expert reports.
As reported by TronWeekly, the defendants slammed the plaintiff’s move to keep all its witnesses’ depositions away from public scrutiny.
