NFT support on XRP Ledger nearing launch Ripple developers launched XLS-20 on the testnet in January 2022 to bring native NFT support to XRPL. On October 18, Ripple’s Vice President of Corporate Strategy and Operations, Emi Yoshikawa, announced the start of a two-week countdown to XLS 20, during which at least 80% of validators must vote for it. proposals for its entry into force. According to xSPECTAR, the XRPL validator, the XLS-20 proposal, which will enable native NFT support in XRPL, could be launched soon. 🔥 LESS THAN 9 HOURS LEFT TO THE OFFICIAL START OF #XLS20! 🧬 LFG 🔥🔥🔥 #XRP #XRPL #XRPCommunity — xSPECTAR ( @xspectar ) October 31, 2022 The XLS-20 proposal for native NFTs on XRPL aims to make NFT creation compact and efficient, minimizing any negative impact on XRP Ledger performance and preventing congestion at scale. With built-in features such as minting and auction, the XLS-20 aims to greatly simplify the creation process for developers. Ripple developers proposed XLS-20 in 2021 to introduce native NFT support for XRPL and give developers access to NFT minting, trading, and recording features. Without the use of smart contracts, the XLS-20 will include advanced features such as automatic royalties, asset sharing, and more. The XRP Ledger (XRPL) protocol has undergone an amendment in Rippled version 1.9.4 to prevent a potential denial of service attack against non-fungible token (NFT) issuers. Shortly thereafter, Ripple installed its four validators to support the XRPL Mainnet activation of the XLS-20 amendment. Version 1.9.4 of Rippled introduced a new amendment to the XRP Ledger (XRPL) protocol to mitigate a potential denial of service attack against non-fungible token (NFT) issuers. Shortly thereafter, Ripple set up its four validators to vote for the activation of the XLS-20 amendment on the XRPL mainnet. While Ripple supports XLS-20, the decision to enable XLS-20 is up to all XRPL validators. With over 80% of validators voting in favor of the amendment, the community expects it to go into effect this quarter.
No comments yet