Table of Contents
Ripple’s digital ledger, XRPL to be integrated into Mintable Network; an NFT marketplace.
As the NFT[non-fungible token] market continues to expand at a rapid pace, all around the globe, with the market fetching $54 billion through mass consumption of NFTs just last year, the need for a cheap, secure, frictionless, and sustainable network is self-evident.
Integration of XRPL in Mintable platform:
Mintable, an NFT marketplace, is one of those few platforms that are actually working to make the creation and sale of NFTs secure and sustainable, with consumers bearing the least burden of gas fees and other relevant hassles.
To support Mintable, the leading payment protocol Ripple is making the investment into the platform. Ripple will integrate its blockchain-based ledger, XRPL, into the network that will make the marketplace much more efficient and sustainable.
What is XRPL:
Lead by the global developer community, XRPL is a decentralized public blockchain. As the announcement noted:
The integration of XRPL into Mintable will give the platform a significant edge as XRPL will make the marketplace ideal for Creators that could, resultantly, be able to create and sell or purchase and resell the NFTs securely and sustainably.
Sustainability of XRPL:
Ripple, the creator of XRPL, claims that their network “ensures low-cost transactions and positive implications for sustainability“, as the network consumes only 790,000 kWh per year that is far less than any other pow[proof-of-work] network which consumes approximately 66 twh of energy per annum.
Moreover, the announcement noted that the XRPL also offers a low gas which, at this point in time, is down to $0.00004.
Mintable’s Series A funding:
Just a couple of days back the NFT marketplace announced the success of its Series A funding round that secured $13 US million. The “oversubscribed funding” saw the participation of multiple big names including Ripple.
With a Solid Support at $0.51, XRP Targets $0.55 Price Level
Threat of a Bearish October Looms as Whales Sell Off 330 Million XRP Tokens
XRP Price Analysis: Will Ripple’s Native Token Reach $7 as Forecasted?
Former Ethereum Advisor Steven Nerayoff to Feature on John E. Deaton’s Podcast
A Complete Overview of Cryptocurrency Cloud Mining Platform – TopHash
Recent Press Release
CGMD Miner’s Low-Cost Coin Mining : Spend Less, Earn More!
As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many...
Will Arbitrum Reach $1? ARB Struggles, SPCT Offers Better Prospects
As the crypto market recovers from Bitcoin’s (BTC) recent crash, Arbitrum (ARB) is enhancing its network capabilities to improve its...
Cardano (ADA) Lags, Analysts Predict VC Spectra (SPCT) Will Outpace it
Cardano’s (ADA) price has suffered despite the launch of Cardano’s Project Catalyst Testnet on August 25. Even when the news...
SUI and Hedera (HBAR) Slump Ahead of Token Unlocks, VC Spectra (SPCT) Gains Users
Token unlocks in crypto are typically bearish signs due to basic supply and demand. Analysts will keenly observe how Sui...
While Polkadot (DOT) Pauses, VC Spectra (SPCT) Offers a 220% Potential Upside!
VC Spectra (SPCT), a rising blockchain for investments and asset management, has grown considerably in its ongoing presale. Meanwhile, Polkadot...