RIPPLE XRP to $1000: Ripple’s Biggest NFT Announcement! XRP News Today | XRP Price Prediction

xrp has already been looking promising during the last months but recently a new update has been announced which is about to change things completely for the cryptocurrency welcome xrp army let's grow the xrp lab community by pressing the like button and subscribe we are giving away 500 at the end of the month to one random subscriber to continue on their xrp journey all you need to do is to like the video subscribe comment your thoughts on xrp in the comment section and watch the video till the end in today's video we'll discuss ripple's newest nft announcement which is about to change things completely for xrp let's head into it in a new 250 million dollars fund formed by ripple the firm that invented the xrp cryptocurrency digital artists and developers who are interested in the rapidly growing area of non-fungible tokens nfts may now get money and technical help for their projects ripple is the business that is responsible for the creation of the xrp cryptocurrency nfts are data units that are stored on a blockchain with each token functioning as a digital receipt for a range of commodities that include anything from paintings films and music to collectibles and concert tickets among others also make sure to write your thoughts on the ripples nft update in the comments section the introduction of ripple's creator fund today is the company's most recent endeavor to enable new use cases for tokenization of assets for both artists and developers through the use of blockchain technology ripple's headquarters are in san francisco and the company has a presence across the world there is still much to be discovered in the world of nfts and producers face a variety of challenges in breaking into the market these include concerns about whether their nfts will be successful in a lack of understanding when it comes to navigating the concepts of nfts nft marketplaces and platforms on the other hand are typically burdened with high gas prices and clunky user interfaces making it difficult for developers to compete in these markets and on these platforms according to ripple the xrp ledger is well suited to provide a better near field communication nft experience by design since it not only decreases transaction costs but also has a more environmentally friendly footprint than other blockchain technologies following the announcement of the formation of the ripple creator fund the business participated in a 13 million fundraising round in mintable a non-financial technology nft marketplace that allows users to create buy sell and trade digital objects on the ethereum blockchain according to monica long a senior executive at ripple the xrp ledger provides a green alternative to ethereum which is now the most popular blockchain for creating non-fungible assets xrp ledger according to long also contains a built-in decentralized exchange dex which may be used to facilitate non-financial trading activity in addition to financial transactions as of right now the firm is in discussions with nft markets and creative agencies who will be the first to gain access to ripple's creative fund after sellers were unable to break through the 0.889 area on tuesday xrp made a comeback from its previous low for the xrp usd pair it is now or never as bulls must now break over the one dollar psychological level in order to hit the one dollar and eleven cents resistance level otherwise the current advance would be at risk of being reversed if on the other hand buyers are able to maintain their recent momentum and break through these resistance levels to reach the 1.24 cents level a strong rally towards the 1.43 cents and 1.76 resistance levels might ensue the short-term oscillators are pointing in the direction of a more favorable picture if on the other hand xrp falls below the 87 cent support level sellers may attempt to push the coin down to the 83 cents and 75 cents support levels xrp on the other hand continues to trade sideways as the high volatility of this year has been replaced by a triangular pattern which is now waiting for a breakthrough to occur by the way do you think we'll see great xrp gains due to this news let us know in the comment section down below the nft news did not come out of nowhere though as some may believe in truth ripple has been interested in nfts for a long time dating back to its founding in 2013.

As part of his presentation on the expanding nft trend in august david schwartz ripple's chief technology officer discussed his opinions on the xrp ledger's suitability for aiding in the spread of nfts even further despite the fact that collectibles are the most prevalent nft use today david feels that we have barely scratched the surface of the potential of this technology a future in which nfts serve as the backbone of all digital rights management including a future in which consumers may leave services such as kindle or apple in order to directly control the rights to books and movies that they have purchased is what he envisions for the technology xrp ledger in david's opinion delivers an unmatched combination of low cost high speed and excellent payment capabilities all of which are necessary to expedite nft manufacturing on a big scale for buyers and sellers alike he points to the ledger's ability to maintain consistent transaction fees something that is now unattainable on the majority of other platforms as a huge benefit according to david the xrp ledger may soon be able to access federated side chains which are blockchains that operate alongside other blockchains in the future an endless number of fascinating options such as limitless transaction scalability and improved defy capabilities would become available as a result of this also allison crawford ripple's global head of diversity and inclusion provides an update on the company's accomplishments with respect to their diverse workforce and inclusion programs ripples for diversity and inclusion pillars have been advanced through a variety of initiatives all of which are geared toward advancing the companies for diversity and inclusion pillars external efforts such as highlighting the company's diverse workforce and internal initiatives such as promotion and hiring cultural and professional development building among leadership ranks and activating our seven employee resource groups ergs affirming and accepting diversity alison thinks that employee-led employee resource groups are critical to ensuring that ripple acknowledges and embraces difference allowing employees to achieve at their greatest capacities her belief is that as a global company it is important that ripple's diversity and inclusion programming focuses on the most promising opportunities in each location while simultaneously making progress on more general problems such as fair access and development for women and people of color in addition to the rooney rule which alison is quite proud of which ensures that at least two underrepresented persons make it through a specific stage of the interview process alison is also extremely proud of the rooney diversity initiative the idea of using internal survey findings to accurately match the company's advantages and requirements to those of ripplers all over the world excites her as much as it does him at the end of the show brooks entwistle ripple's newly appointed managing director for apec joins us to talk about ripplenet's tremendous growth and momentum in the apac region former senior executives at goldman sachs the united nations and uber have expressed a strong desire for money that can be moved across borders quickly cheaply and in an environmentally responsible manner brooks believes that there is a strong regional demand for money that can be moved across borders quickly cheaply and in an environmentally responsible manner ripplenet's ability to enable value transfer for workers sending money home or families receiving remittances from overseas according to him was one of the factors that contributed to the network's tenfold rise in transaction volume in apac last year we want to make sure they can do that in a way that more money more value gets to those families and gets there faster than they're able to do right now asserts brooks ripple's continuing expansion in the area is anticipated in the future with the goal of ensuring that the firm its people and technology continue to move as rapidly as possible through this exciting period of growth in general this is excellent news for the whole cryptocurrency market without a doubt however this may come as a surprise to ethereum investors given that the cryptocurrency has previously been regarded as the most important in the field of nfts the high level the majority of nfts are a component of the ethereum blockchain which is a distributed ledger technology in the same vein as bitcoin or dogecoin ethereum is a cryptocurrency but its blockchain also allows for the creation of non-fungible tokens which include extra information that allows them to perform functions that are distinct from those of for example an ethereum coin however they are now up against opposition from ripple further it's important to note that in the future other blockchains in addition to ethereum and ripple may decide to develop their own versions of nfts will this help xrp actually overtake ether time will tell what do you think about ripple's nft update do you think it will help xrp overtake ether let us know in the comment section this brings us to the end of today's video i hope you had fun watching it give us a like if you did and subscribe to our channel to stay updated about everything important regarding xrp also activate the bell to make sure you definitely won't miss any of our future videos if you want to continue to know about xrp we have got two more videos waiting for you on the end screen to check out make sure to subscribe and give us a thumbs up thank you so much for watching see you in the next video before heading out kindly note that prices of cryptocurrencies frequently change so by the time you watch this video it might have changed to a whole new value the information provided in this video does not constitute investment advice financial advice trading advice or any other sort of advice and you should not treat any of the content as such the content in this video is for educational purposes only and hence should not be considered as financial advice do conduct your own due diligence and consult your financial advisor before making any investment decisions [Music] you

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