Summary
SBI Group plans to issue NFTs on the XRP Ledger for the World Expo 2025 in Osaka, aiming to enhance visitor interactions. The Expo expects 28 million attendees and will focus on connection, empowerment, and life preservation themes. NFT sales on the XRP Ledger have reached $27.4 million, with a decline in sales since Q4 2023. Ripple Labs introduced the XLS-20 proposal to create NFTs without smart contracts, and the $250 million NFT Creator Fund supports emerging artists.
Key Points
1. Japan’s SBI Group plans to issue NFTs on the XRP Ledger for the World Expo 2025 in Osaka, aiming to enhance visitor interactions through blockchain technology.
2. The XRP NFTs created by SBI will feature the official character of the Expo, MYAKU-MYAKU, and will be distributed to attendees participating in Expo activities and using the Expo mobile app.
3. Ripple’s XRP Ledger has seen a surge in NFT transactions since the launch of NFTs, with 699,590 sales totaling $27.4 million, showcasing the ledger’s capacity for handling significant transaction volumes.