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Mintable App is a point of excitement in the Ripple XRP community: Monical Long pointed to how as the NFT market and creator economies grow, many participants are iced out due to the high gas fees required to create NFTs. Mintable app is removing these barriers to entry w/ a shared vision for low-cost, sustainable NFTs on XRPL.
The community were happy about this news as they felt that NFTs on XRPL is a no brainer. And, that Proof of Work may be fine for HIGH priced items, but that the masses will be purchasing cheaper NFTs. And on how low fees and efficiency is important.
The community response: “That’s actually amazing! The gas fees for minting are crazy and doesn’t motivate starting creators using it. On the XRPL it removes that barrier.”
Great move. RippleX needs to make more investments and integrations like this. Also NFTs for passports/IDs and real estate would be a great use case for the XRPL.
Only the company and the managers are growing. Investors are shrinking.
That’s easy to fix. Just sell your XRP then and move on if you feel that way. No need in wasting your time holding any crypto you feel is not meeting your expectations.
Now that the expectations around the law suit is heating up, “Once they win the SEC lawsuit, it should go back up to at least 3.00 once this bearish cycle is done. Everything is down with BTC dropping. This is an average two year thing, at the latest. We will have to wait until 2023 until it hits 3 again, but with all the hype crypto is getting the past couple years, it just depends. Bearish currently, but a bullish long investment. Especially at its price right now.”
In the past:
Vitalik Buterin way back during December 22, 2020 expressed: Looks like the Ripple/XRP team is sinking to new levels of strangeness. They’re claiming that their shitcoin should not be called a security for *public policy reasons*, namely because Bitcoin and Ethereum are “Chinese-controlled”.
The community immediately responded stating: “Vitalik, “shitcoin”? I respect you but this is immature coming from a founder. This is literally the most sheepish and immature comment. Sounds like that shit coin is threatening your slow and expensive ethereum (China-controlled) coin, I see people bashing their competition.”
Evan Van Ness stated: But the really hilarious part was Ripple claiming they’re less centralized. “We can’t be Chinese controlled because we’re 100% centralized in America.”
Someone tried to clarify stating, Ripple never claimed they’re less centralized. They claimed the XRP Ledger is less centralized. Some were wondering if XLM will be the next in the SEC list.
