Lotus to Collaborate with Ripple as Blockchain Partner on Its First NFT Collection
In a media release, British automotive company Lotus Cars announced plans to launch into the world of non-fungible tokens (NFTs). Lotus is to collaborate on its first NFT collection with Ripple as a blockchain partner, providing technical support on the XRP Ledger (XRPL) blockchain and a Web3 NFT as a service solution, NFT Pro .
Lotus NXT will debut on XRPL at an unspecified later date, allowing manufacturers and collectors to come together and experience Lotus cars in a whole new way.
In April, Rare Air Media, publisher of Michael Jordan’s graphic autobiography, For the Love of the Game, announced its entry into the NFT market.
The company said it will launch NFTs on XRPL in collaboration with VSA Partners, the primary creative agency partner of Ripple’s Creator Fund, which will house a unique collection of digital assets dedicated to the life of former NBA player Michael Jordan. and career.
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Ripple is also diving into the metaverse
As previously reported by U.Today, Ripple and FLUF World have announced their partnership to bring “The Open Metaverse”, an immersive experience to reality, through a decentralized blockchain network, The Root Network. The Route Network’s multi-token gas economy will rely heavily on XRPL, which will set the standard for NFT functionality and use XRP as the default digital asset for transaction activity.
we are partnering with @FlufWorld Bringing “The Open Metaverse” to Life, Enabling Metaverse Projects to Mint #nft and buy/sell/trade in-network tokens on the root network, which will be created on #XRPL With XRP as the base asset.
Learn more: https://t.co/gdSMGTOXKS
– ripplex[@RippleXDev] June 17, 2022
The Root Network additionally provides asset bridges for the XRPL and ETH networks, as well as compatibility with the newly launched XRPL NFT standard. It connects the Route Network with the two largest Web3 communities, bringing new smart contract functionality and access to NFTs to the XRP Ledger community for the first time.
