Co-creator of XRPL and current CTO of the blockchain firm Ripple, David Schwarz launched his own NFT collection- “Ugly On The Outside”.
The collection consists of 28 items of digital collectibles created on the Ethereum blockchain with floor prices starting from 0.25 ETH.
The digital pieces have generated attention among NFT enthusiasts mainly for their eye-catching appearances.
Additionally, the blog’s owner advised customers to give these names to anyone they know who is just as nasty on the inside as they are on the outer.
Apart from that, the images have been generated using the artistic tool Stable Diffusion. Creators of the NFTs are entitled to a 5% fee and pledged not to bring a copyright infringement lawsuit against the owner of any NFT in this collection, the author added.
That said, XRPL projects and payment firm Ripple have their sights clearly set on dominating the NFT sphere.
Ripple developers proposed an XLS-20 amendment in Q1, 2022, to introduce native NFT support to XRPL. One of the leading XRP Ledger projects, onXRP, released a beta version of its NFT marketplace.
Additionally, a new record of NFT sales on XRP Ledger was attained last month. As reported by onXRP, an XRPL-based modular ecosystem, one of the “XRPL Punks” collection’s items sold for 108,900 XRP, the equivalent of $44,000.
The outcome of an open auction for the collection’s Xpunk #8811, according to the official Twitter account for the collection. It was said that the buyer is well-known in the neighborhood without giving his or her name.
One of the most popular collections on XRPL is the Punks collection, or Xpunks, which pays homage to the already renowned non-fungible CryptoPunks collectibles. Xpunks alone has exchanged 1.78 million XRPs since the eagerly anticipated XLS-20 amendment was implemented to XRPL this fall.
An EVM-Compatible XRPL Will Become A Reality In Q2 2023
It’s interesting that the Bored Ape Yacht Club, another previously storied NFT collection, is referred to as the second most popular collection. The Bored Apes XRP Club has a turnover of 866,533 XRP despite having two times less than that.
Currently, Ripple is running tests where programmers can quickly deploy smart contracts created for Ethereum on its XRP Ledger platform.
The start of the second phase, when the EVM sidechain becomes permissionless, will occur in early 2023. The EVM sidechain will be fully deployed by the third phase, which is scheduled for the second quarter.