Ripple has developed a new standard, dubbed XLS-20, for helping developers to build more advanced and innovative NFT applications on the XRP Ledger. This new standard will equip the XRP Ledger with the tools required to create multi-purpose applications and enhance the XLS-20d standard, including built-in native token functionalities. Moreover, Ripple’s Creator Fund has received over 4,000 applications for projects centred around NFT-related use cases.