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According to an announcement yesterday, SBI Digital Community, a subsidiary of SBI Holdings, has entered into a strategic alliance with Ripple. As part of the partnership, SBI Digital Community will promote the usage of XRPL in the Web3 sector, potentially increasing its user base. Specifically, SBI Digital Community’s Web3 Bto3 platform will expand the usage of XRPL, especially by supporting the issuance of non-fungible tokens (NFTs) on the leading blockchain.
According to the announcement, SBI Digital Community will use the xrp.cafe infrastructure to issue NFTs. Interestingly, xrp.cafe confirmed the development in a post on X, highlighting that SBI Digital Community will indeed be using XRPL through its service. xrp.cafe is the leading NFT marketplace on XRPL. Bithomp data shows that xrp.cafe is currently the second-largest NFT marketplace on XRPL with $109,833 in sales recorded over the last 30 days. The marketplace also boasts a record of 17,757 minted NFTs and 3,865 units sold during that time period.
Based on xrp.cafe’s dominance in the XRPL ecosystem, SBI Digital Community has decided to use its build to issue its NFT. Additionally, SBI Digital Community has unveiled plans to reward both creators and contributors in XRP in the future. The development comes a month after SBI Holdings, the parent company of SBI Digital Holdings, launched EXPO2025 NFT on XRPL.
Image: Krypto Magazin