- This NFT task has now reached a $100 million dollar market cap within 4 weeks, announced Xpunks today.
- A comprehensive collection of digital art work, which touts itself as more than a JPEG, is being developed by collaborating with the world’s biggest companies.
- A non-fungible token, also known as a non-fungible token, is a digital asset stored on an electronic ledger on a blockchain, a technology that is related to cryptocurrencies.
This NFT task has now reached a $100 million dollar market cap within 4 weeks, announced Xpunks today. One of the fastest growing web companies was started by a group of Dutch friends, achieving document growth and also in just four weeks.
In a sea of new NFT projects, Xpunks have taken care to distinguish themselves. Influencers quickly altered their profile pictures to custom Xpunks, expanding the reach of the project by a considerable margin.
A comprehensive collection of digital art work, which touts itself as more than a JPEG, is being developed by collaborating with the world’s biggest companies. An NFT, also known as a non-fungible token, is a digital asset stored on an electronic ledger on a blockchain, a technology that is related to cryptocurrencies.
After revealing their real identities, the owners of the jobs have now become resources for crypto lovers to learn more about the world of NFT, an industry that is hard to get a handle on.
From the very start, Xpunks was different because it was the first company to reveal methods for minting XRPL, the ledger for the XRP currency. Due to XRP’s cult following, the project immediately gained prestige.
Xpunk Utilises Ripple
In the future, Xpunks anticipates utilizing XRP Journals, which many consider much more efficient and also affordable than Ethereum, the platform where most of the current NFT projects are currently residing. As part of the XRP blockchain initiative, Ripple announced an area that will support a range of digital files, including artwork, with the XRP currency used for purchases.
XRP has not yet officially introduced its NFT-based energy, so XPUNK has not yet issued their NFTs; rather, they have actually released an IOU token which will be exchanged once XRP makes their ledger NFT-compatible.
There have been instances where the NFT neighborhood has been duped by criminals claiming to run an NFT mint and then stealing the cash. In contrast, the Xpunks believe that art sharing and metaverse-style interaction is the future of pc gaming and art.
The Xpunks took a trailblazing lead as the first of its kind on XRPL, paving the way for lots of other projects to follow suit. By collaborating rather than competing, the Xpunks community has helped other projects grow and advised other area members concerning rip-offs.
Similar to Cryptopunks, Xpunks possess a wide range of highly desirable and rare traits.
Since the Xpunks have grown rapidly, as well as the time between launch and mint has allowed them to focus on area development, their roadmap, returning to the team as well as featuring prominent influencers in community such as the Bearable Bull.
This AMA (Ask Me Anything) campaign and also the transparency it provides to results have allowed the project to grow tremendously as they pursue their soaring objectives by receiving and providing feedback recurrently throughout the project.