Ripple unveiled an infographic exploring the demand for NFTs and the connection with XRPL in the future to this

Company Ripple unveiled an infographic exploring the demand for NFTs and the connection with XRPL in the future to this.

Company Ripple unveiled an infographic exploring the demand for NFTs and the connection with XRPL in the future to this, commenting in a tweet:

Over half of prospective #NFT owners would only buy one for functional reasons. Our latest infographic explores the growing demand for NFTs across industries—and how the #XRPL’s innate features can help build a tokenized future.

In the material itself on the official website of the company, for example, the following was noted:

NFTs operate as a link between the real and virtual worlds. Digital art and collectibles helped prove one early use case of these tokens, but they also have a functional ability to solve real-world challenges like distribution and compensation.
Ripple continues to invest in other high-priority NFT use cases such as carbon markets. By tokenizing carbon credits as NFTs, for example, NGOs and suppliers alike can gain transparency and integrity from improved verification and certification capabilities.
As more industries deploy NFTs as part of a broader shift to tokenization, there is a growing demand for a blockchain tailored to the unique needs of owners, creators and the environment. A fast, low-cost and scalable chain, the carbon-neutral XRP Ledger (XRPL) is ideally suited for creating and distributing NFTs.
If adopted by the XRPL community, XLS-20—Ripple’s proposed NFT protocol—would allow NFT transactions to close on XRPL in less than five seconds and cost only a fraction of a penny to mint, buy and sell them. The XRP Ledger is also able to handle high transaction volumes, making it perfect for rapidly scaling enterprise NFT applications, in-game NFTs and more.
What’s more, the launch of an NFT-Devnet earlier this year to experiment with a newly proposed standard for native, on-ledger NFTs makes XRPL development and usage easier and more widely accessible for developers.

It all summed up like this:

Similar to the adoption curve of crypto, it’s still early days for NFTs, but interest in this technology is growing as more art and collectibles are made and expanded use cases across entertainment, business and sustainability are developed.
As a greater number of these powerful utility-based NFTs take root, they will become important contributors to our vision for an Internet of Value.