‘carbon neutral’ NFTs on XRP Ledger
When minting Art, we ourselves have paid hundreds of dollars on OpenSea and Rarible etc, so it is clear to see high platform fees act as a barrier to further accessibility and monetization of NFT’s.
The XRP Ledger (XRPL), with its innate performance advantages and built-in decentralized exchange (DEX) is ideally suited to deliver a seamless experience for NFTs. In order to reach the next stage of growth, Mintable plans to integrate with the XRPL so creators can securely, sustainably and efficiently sell their works. This is also true for users who wish to purchase NFTs and resell them.
XRPL ensures low-cost transactions and positive implications for sustainability. By being able to cut transaction (“gas”) fees down to $0.0004 on XRPL, Mintable recognizes the opportunity to offer a differentiated user experience that provides a competitive advantage in comparison to other marketplaces. In fact, the XRPL consumes only about 790,000 KWh per year and is already carbon neutral, which is far more efficient than proof-of-work networks that consume around 66 TWh of energy per year.
In a nutshell, its environmentally friendly attributes will allow billions of NFTs to be minted, bought and transferred on the XRPL in a sustainable way.
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