Ducati declares NFT debut on XRP Ledger

• Ducati will debut its digital collectibles on the XRP Ledger.
• The Bologna-based bike firm will work with NFT PRO on this mission.
• XRP Ledger is a decentralised public blockchain that makes use of XRP as its native cryptocurrency.

Ducati, a Bologna-based bike producer, is making a foray into Web3 with an upcoming launch of a digital collectible mission.

The corporate stated in an announcement on Tuesday that it’s going to deploy its new NFT assortment on the XRP Ledger, a decentralised public blockchain community. Ripple is a contributor on the XRPL.

Ducati makes entry into Web3

Ducati has partnered with NFT PRO, a company white-label NFT resolution, to carry the mission to life. In accordance with the corporate, the digital collectibles mission its digital technique because it appears so as to add to the engagement and experiences of its followers.  

“Coming into WEB 3.0 is one other strategy to get nearer to the Ducatisti neighborhood by additional extending the variety of companies supplied to them. It additionally represents a chance to fulfill and make ourselves recognized to a brand new neighborhood of NFT fans, giving them the chance to stay distinctive Ducati-style experiences and acquire the digital property that we’ll develop completely for this new dimension of the model,” Claudio Domenicali, Ducati CEO, stated in a press release.

The bike firm says it is going to launch extra particulars in coming months because it rolls out new digital companies and items.

Ripple’s XRP Markets Report printed in April indicated that the XRP Ledger logged elevated exercise within the first quarter in comparison with the earlier three month interval. When it comes to on-chain exercise, the corporate famous a 9% improve in transactions from 106 million to 116 million between This autumn, 2022 and Q1, 2023.

NFTs are a key element of the XRPL actions, because it has seen customers mint greater than 1 million property. DEX volumes, which jumped 34% within the interval coated within the report, additionally demonstrated the elevated utilization of the blockchain community, Ripple stated.