Major XRP Ledger (XRPL) Amendment Activated on Mainnet: Details

The XRP Ledger (XRPL) has welcomed a new amendment, NFTokenMintOffer, on its mainnet. According to XRPScan on X, this upgrade allows users to mint and place an offer for Non-fungible Tokens (NFTs) in a single transaction. 

The NFTokenMintOffer Amendment

This XRPL amendment entered its 14-day activation window at the beginning of February after passing the voting consensus. Usually, every proposal or amendment is expected to pass a minimum threshold of 28 “Yeas” from 35 validators. 

The NFTokenMintOffer amendment proposal secured 31 “Yeas” and only 4 “Nays.”

This outcome, which represents support from 88.57% of the validators, reflects the community’s confidence in the amendments it introduces. This reduces the number of signing steps and fees while modifying the process of minting NFTs so that you can also create a sell offer for the token simultaneously.

It comes with three optional fields for the transaction: Amount, Destination, and Expiration. With the flexibility in minting and setting sales offers at launch, ecosystem validators saw the potential in the update.

XRPL and Track Records of Amendments

This NFTokenMintOffer is only one out of the numerous amendments that have gone live on the XRPL mainnet in recent months. Similar to the latest upgrade is the fixNFTokenReserve amendment, which went live in April 2024. 

XRPScan explained that “this amendment adds a check to the NFTokenAcceptOffer transactor to see if the OwnerCount changes. If it does, it also checks that the reserve requirement is met for the updated owner count.”

There is also fixAMMOverflowOffer, which fixes the improper handling of large synthetic AMM offers in the payment engine. More recently, the Clawback amendment went live on the mainnet, a major compliance shift for XRP Ledger protocols. With this amendment, disputed transactions can be recalled, giving protocol leads a more flexible way to deal with fraud

XRP Ledger and Pivot to Stablecoin and RWA

Aside from amendments and upgrades, Ripple and the XRP ecosystem have also welcomed different projects. The blockchain payments firm launched its United States dollar-pegged stablecoin RLUSD a few months ago. In a short time, this digital asset has gained massive traction across service sectors.

A few days ago, the RLUSD stablecoin listed on Revolut and the Zero Hash platforms, signaling a boost to the XRP ecosystem. This integration allows customers to access the stablecoin to process transactions on the XRP Ledger and Ethereum networks.

According to the long-term plans of Ripple Labs, RLUSD will help power its real-world assets tokenization agenda.