Emi Yoshikawa, Ripple's Vice President of Strategy and Operations, expressed her views on the preferred protocol for NFT creators in terms of usage fees. The Ripple executive stated that for XRP Ledger (XRPL), the creator's automatic royalty is built into the on-chain design of the digital collection function. With this type of arrangement, creators will not be subject to market fluctuations. On the other hand, XRPL has an unparalleled level of creator rights protection, promoting a more fair, decentralized, and democratic revenue sharing model in the industry. According to data from the XRPMarket tracker, the recent surge in NFT transactions on XRPL may be driven by NFT creators on the platform who believe in its advantages over OpenSea.
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Ripple's VP of strategy: Automatic royalties for creators are built into the on-chain design of digital collection features
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NFT market total sales fell 26.2% to $46 million in June
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Is Ripple’s share buyback positive or negative?
Yesterday Reuters reported that Ripple Labs is buying back $285 million worth of stock from early investors and employees, citing sources. The tender offer allows owners to sell up to 6% of their stake, valuing the company at $11.3 billion.
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