Lotus is to collaborate on its first NFT assortment with Ripple as blockchain companion
In a media release, British automotive firm Lotus Vehicles declared plans to launch into the world of non-fungible tokens (NFTs). Lotus is to collaborate on its first NFT assortment with Ripple as a blockchain companion, offering technical help on the XRP Ledger (XRPL) blockchain and a web3 NFT as a service answer, NFT PRO.
The Lotus NFTs will make their debut on the XRPL at an unspecified later date, permitting creators and collectors to return collectively and expertise Lotus Vehicles in an entire new method.
In April, Uncommon Air Media, the writer of Michael Jordan’s graphic autobiography, For the Love of the Recreation, introduced its entry into the NFT market.
The corporate went on to say that it might be launching NFTs on the XRPL at the side of VSA Companions, Ripple’s Creator Fund’s main artistic company companion, that includes a one-of-a-kind assortment of digital belongings devoted to former NBA participant Michael Jordan’s life and profession.
Ripple additionally diving into the Metaverse
As beforehand reported by U.Right now, Ripple and FLUF World have introduced their partnership to convey to actuality the immersive expertise, “The Open Metaverse,” through a decentralized blockchain community, The Root Community. The Root Community’s multi-token fuel economic system will rely closely on XRPL, which is able to set up the usual for NFT performance and use XRP because the default digital asset for transaction exercise.
📢We’re partnering with @FlufWorld to convey “The Open Metaverse” to life, enabling metaverse tasks to mint #NFTs and purchase/promote/commerce in-network tokens on The Root Community, which can be constructed on the #XRPL with XRP as a local asset.
Be taught extra: https://t.co/gdSMgTOXKS
— RippleX (@RippleXDev) June 17, 2022
The Root Community moreover provides asset bridges to the XRPL and ETH networks, in addition to compatibility with the newly launched XRPL NFT customary. This connects The Root Community to 2 of the most important web3 communities, bringing new sensible contract performance and entry to NFTs to the XRP Ledger group for the primary time.