Leading blockchain and crypto solutions provider Ripple has announced a partnership with trading platform CrossTower to add XRP Ledger non-fungible tokens CrossTower NFT platform.
This is coming three months after cross-chain bridge Allbridge added support for the XRP Ledger, making it the 14th chain added to the platform.
According to the announcement, the partnership will facilitate the minting and trading of NFTs. Also, it will lower the cost and barrier to entry for creators that want to mint their projects.
Chief Executive Officer of CrossTower, Kapil Rathi, commented on the development. “We are thrilled to partner with Ripple and build our Web3.0 platform on the XRPL,” he stated.
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XRP Grows In Popularity
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,” Kapil Rathi, the Chief Executive Officer at CrossTower, commented. Earlier in March this year, Ripple started accelerating its XRP Ledger development after committing 1 billion XRP for the project.
Ripple’s XRP Ledger is growing in popularity, especially among firms working in the NFT ecosystem. CRossTower stated that the firm’s broad marketplace will offer several engaging experiences for fans within the NFT industry. It will enable fans to trade non-fungible tokens via credit cards and other means, allowing them to receive their assets through XRP Ledger’s integrated wallets.
CRossTower also added that the company is gradually establishing itself within the NFT space. It continues to expand its marketplace functionality to support XRPL, which will allow liquidity of the tokenized assets to scale.
CrossTower Sets To Expand Its Platform’s Features
CrossTower has already attracted projects like David Bowie World and Antara to its marketplace. It also has several inaugural projects on the XRPL which will be announced over the next few weeks. The company was established in 2019 as a web 3.0 firm that offers crypto trading and NFT products globally. It leverages its wide experience in innovative pricing, operational infrastructure, technology, regulations, and compliance to make digital assets more accessible to consumers.
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Source: https://insidebitcoins.com/news/ripple-to-onboard-nft-projects-through-a-partnership-with-crosstower