CrossTower Partners With Ripple to Offer NFTs on XRP Ledger

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Leading crypto exchange and popular NFT marketplace, CrossTower, has announced a partnership with a prominent blockchain company, Ripple, to include non-fungible tokens minted on the XRP Ledger to the CrossTower NFT marketplace.

XRP Ledger or XRPL is known to be an ultra-fast, carbon-neutral, and cost-effective blockchain. Therefore, integrating this technology into CrossTower’s marketplace will pave the way for new-age infrastructure, invariably reducing the time to onboard projects, according to CrossTower in a press release.

The Bermuda-based exchange also added that: 

“The marketplace enables developers to quickly onboard NFT projects by giving them access to out-of-the-box infrastructure including wallets, payments, liquidity support, and more, accelerating time-to-market for projects that previously took months to onboard.

“CrossTower NFT marketplace is built for developers and creators seeking a holistic service to take their projects from idea to fruition.”

Related: U.S. Residents Can Now Buy Ripple (XRP) Using Credit Card And ApplePay

Partnership With Ripple to Improve User Experience 

CrossTower is looking to expand its marketplace, and the expansion will only be possible by improving the marketplace’s functionality to incorporate and support XPRL. 

The result is expected to significantly reduce the cost and barrier for potential creators looking to mint their projects on the marketplace. In addition, the blockchain will also enable the appropriate settlement and liquidity of tokenised assets.

The company also added that the marketplace would provide an engaging user experience, connecting them with creators and brands.

Kapil Rathi, CEO of CrossTower, said: 

“We are thrilled to partner with Ripple and build our Web3.0 platform on the XRPL. 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.”

Read more: Ripple Zooms Off With Sports Brand Lotus as the U.K. Car Company Plans to Launch Automotive NFTs.