Ducati to launch NFT on Ripple blockchain

What is Ripple and XRP cryptocurrency?
What is Ripple and XRP cryptocurrency?

Italian motorcycle manufacturer Ducati will release a collection of non-fungible tokens based on the decentralized XRP Ledger network from Ripple Labs.

Data: Twitter.

The company’s first NFT is a video chronicle of the evolution of the Ducati logo since 1946. You can apply for access to the waiting list from July 26 on the project website.

The firm first announced its entry into the crypto market back in 2022. Then the manufacturer entered into a partnership with Web3Pro.

“Over the next few months, we will evolve in the digital space through the release of NFTs and the implementation of other activities typical of the Web3 direction that are already relevant in the cryptocurrency community,” Ducati said.

More information about the project will appear later.

Between November 2022 and March 2023, approximately 1.2 million NFTs were created on the XRP Ledger network, according to Ripple. At the time of writing, the most popular collection on the blockchain, XPUNKS, has a daily trading volume of $1,541.

Recall that in 2021, the car manufacturer Audi released its own NFT collection.

Later, Bentley conducted a limited-edition drop of non-fungible Genesis Bentley tokens.

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