Coin

<ul class="news-points"> 
 <li>Messari’s latest report unveils a staggering 491% surge in XRPL NFT Mints during Q4 2023.</li> 
 <li>NFTokenMints outshined other NFTs, driving a 169.9% gain in total transactions.</li> 
 <li>XRPL inscriptions led to a 100% QoQ increase in payment transactions.</li> 
</ul> 
Prominent data analytic platform Messari has <a href="https://messari.io/report/state-of-xrp-ledger-q4-2023?utm_medium=organic_social&amp;utm_source=twitter_messari&amp;utm_campaign=state_of_xrp_ledger_q4_2023" target="_blank" rel="noreferrer noopener nofollow">released</a> a report capturing the state of <a href="https://coinedition.com/hex-trust-integrates-with-xrp-ledger-to-enhance-digital-asset-services/" target="_blank" rel="noreferrer noopener">XRP Ledger (XRPL)</a>, focusing on the final quarter of 2023. The report highlighted a staggering surge in the creation of <a href="https://coinedition.com/what-are-non-fungible-tokens-nfts/" target="_blank" rel="noreferrer noopener">non-fungible tokens (NFTs)</a> during this period. 
Messari first pointed out that XRPL has been operational for over a decade, providing services like cross-currency and cross-border payments, NFTs, DEX, escrow functionality, and token management. 
The report highlighted that on XRPL, NFTs are integrated into the core protocol, eliminating the need for smart contracts for their creation or transfer, similar to Issued currencies. Notably, NFTs came into XRPL through the XLS-20 amendment in October 2022, offering advantages such as royalties and anti-spam features.&nbsp; 
Meanwhile, Messari noted that in Q4 2023, the proposal “fixNFTokenRemint” succeeded in amending t…
The post <a href="https://coinedition.com/latest-report-shows-xrpl-nft-mints-explode-491-in-q4-2023/">Latest Report Shows XRPL NFT Mints Explode 491% in Q4 2023</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Latest Report Shows XRPL NFT Mints Explode 491% in Q4 2023

Coin Edition

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