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Following a long-term curiosity in Web3, Ducati partnered with fee firm Ripple and is about to launch its first non-fungible token (NFT) assortment on the XRP Ledger this week. This step is the motorbike firm’s first enterprise into the Web3 area and blockchain know-how.
Ducati Delves Into Web3; Prepares To Launch First NFT Collection
Ducati, a famend motorbike producer established in 1926, is about to enter the world of Web3 by launching its first-ever digital collectibles on the XRP Ledger. The Bologna-based agency believes this step is crucial to strengthen its relationship with its international neighborhood.
Claudia Domenicali, CEO of Ducati, commented on the Web3 transfer:
Entering WEB 3.0 is one other strategy to get nearer to the Ducatisti neighborhood by additional extending the variety of providers provided to them. It additionally represents a chance to satisfy and make ourselves recognized to a brand new neighborhood of NFT lovers, giving them the chance to reside distinctive Ducati-style experiences and gather the digital property that we are going to develop completely for this new dimension of the model.
Ducati claims the digital collectible will encompass a video sequence of Ducati logos on tanks of bikes manufactured from 1946 up to now. This NFT assortment is about to go reside on the XRP Ledger on July 26, 2023.
Collectibles. Community. Experiences. Ducati enters the #Web3 world with @Web3Pro_ & @Ripple, showcasing Ducati’s previous, current and future.
Registration goes reside July 26. Join the waitlist now to remain within the know at https://t.co/eFRTFwdvWT pic.twitter.com/IWAHbM1Wfy
— Ducati (@DucatiMotor) July 20, 2023
Users who sign up throughout the first week after launch will obtain the Ducati NFT “as a gift.” In addition, these customers can entry future releases by the motorbike producer.
It is price mentioning that Ducati additionally collaborated with Web3 Pro, a white-label Software-as-a-Service (SaaS) platform, within the execution of this NFT mission.
A Win For Ripple And XRP Ledger?
The XRP Ledger is a public, decentralized blockchain designed by Ripple, the corporate behind the XRP token. Blockchain know-how permits for the creation of tokens, that are IOUs representing any forex worth, and the manufacturing of NFTs.
Indeed, XRP Ledger will not be the preferred selection amongst lovers concerning non-fungible tokens. However, the blockchain has been experiencing vital exercise just lately, with greater than 1 million non-fungible tokens minted within the first quarter of 2023.
With Ducati set to launch its first-ever NFT assortment, XRPL could probably take pleasure in elevated adoption and on-chain activity within the coming months. Moreover, Ripple has been within the highlight following its victory over the U.S. Securities and Exchange Commission (SEC) on July 13.
It is price stating the timing of Ducati’s NFT rollout on the XRP Ledger. Although it stays unclear whether or not Ripple’s latest win is integral to the NFT launch, one can not deny the constructive impression this ruling has had on Ripple’s fee know-how currently.
Today, July 25, 2023, the Republic of Palau unveiled its collaboration with Ripple Labs to mint its stablecoin. Expectedly, this Palau stablecoin is deployed on the XRP Ledger.
XRPUSD buying and selling at $0.69835 | Source: XRPUSD day by day chart on TradingView
Featured picture from Unsplash, chart from TradingView
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