XRP LedgerNFT support in . However, after a bug was discovered in the system, work on the support in question was stopped. The bug was also officially stopped with the developers withdrawing their votes, and the implementation of XLS-20 has been put on hold for now. XLS-20 is an offering for native NFTs on XRP Ledger. The bug can be used by malicious people to “perform a denial-of-service attack on NFT publishers.”
The community held a different vote to remove the mechanism that caused the bug to appear in the first place. According to an official blog post, there are over 80% validators in the vote, which means XLS-20 It remains on track to enable NFT support on the XRP Ledger Mainnet in the near future.
Will XRP Ledger Get NFT Support?
According to the official blog post, the fixRemoveNFTokenAutoTrustLine change turns off the problematic feature for NFTs in XRP Ledger. This change has no standalone effect, as it changes the functionality of the NonFungibleTokensV1_1 change. However, fixRemoveNFTokenAutoTrustLine is required to reliably enable NFT support in XRP Ledger.
Voting is still active for the NonFungibleTokensV1_1 change, which can be activated after >80% support from trusted validators. Network voting decisions, NFTIt will continue to determine the exact time when ‘s are enabled.
If trusted validators start voting in favor of NonFungibleTokensV1_1 now that fixRemoveNFTokenAutoTrustLine is scheduled to be enabled, XRP will be available on Ledger Mainnet. NFT functionality can be activated in less than two weeks. It can take a total of four weeks or longer if validators wait for fixRemoveNFTokenAutoTrustLine to be enabled before voting in favor of NonFungibleTokensV1_1.
However, NFT support on XRP Ledger could actually start as early as October 27. Time will tell if this support will have a positive impact on the native token XRP price. At the time of writing, XRP was trading at $0.499661, up 9.4% in the last 24 hours.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.