Ethernal Labs announces collaboration with XRP Ledger

Ethernal Labs announced the start of cooperation with Ripple. As part of the upcoming collaboration, the companies will issue NFT tokens that will circulate in the XRP Ledger. The aforementioned company spoke about the reasons for cooperation with Ripple. According to Adrian Baschuk, who holds the position of COO at Ethernal Labs, it is Ripple that can provide high-quality tools for working with and creating NFT tokens. Baschuk believes that the XRP Ledger can make non-fungible tokens available to the masses and make it much easier to create NFT coins.

Thanks to the collaboration between Ethernal Labs and XRP Ledger, Ethernal Labs' position in the international market as an integrative creative studio can be improved and strengthened. According to them, the company's services can be used not only by ordinary people, but also by celebrities:

Through this partnership, Ethernal Labs is pleased to offer NFTs from globally recognized rights, licenses, IPs, brands, and individuals to a wider audience easily, quickly, and securely.

In addition to creating non-fungible tokens, Ethernal Labs also wants to develop the Play2Earn sector in the future, games in which users can earn cryptocurrency funds. Their gaming platform and Metaverse Development studio can serve for this. Thus, Ethernal Labs wants to improve the user experience with the NFT measure and Web 3.0 technology together with the XRP Ledger.

According to the chief operating officer of the company, which has become a new partner of Ripple Ledger, the newly formed alliance can help both companies improve the field of NFT tokens and bring the message to the masses. In addition, Adrian hopes that the collaboration will really improve the tools for minting new non-fungible tokens. Companies will try to create advanced tools that can be used by different companies.

Ethereal Labs specialize in some narrow areas. This is how they create non-fungible tokens for musicians, celebrities, athletes and digital creators. Adrian Basuk was asked why his company turned to XRP Ledger. He said that it is the unique features of this company that can help achieve their goals and achieve the attention of a large audience, while doing everything safely and easily.

Because XRP Ledger is one of the leading networks that provides an economic and secure platform, Ethernal Labs can influence many people and celebrities as well. It is worth noting that many large companies prefer to work with the blockchain from Ripple. The integration of XRP Ledger with Ethernal Labs will help create new collections of NFT tokens in the future, which, according to the company, will give access to a wide range of white label opportunities.

The Ethernal Labs project was launched in 2022. The main distinguishing feature of the platform was the creation of non-fungible tokens for celebrities. Recently, the company is gaining popularity and can become a leader. It is noteworthy that Ethernal Labs combines both the sector of non-fungible tokens and the user experience of Web 3.0 technology on their platform. At the beginning of the year, the company was able to raise more than $20,000,000 as part of an investment round, and then Ripple and Algorand became the main investors. Ripple has now moved from being an investor to being a full-fledged partner that Ethernal Labs will do business with.

The above company became one of the first independent beneficiaries of the Ripple Creator Fund, which raised $250,000,000 for the opportunity to create NFT tokens on the XRP Ledger blockchain. One of the goals of creating such a fund was to help independent creators of non-fungible tokens and other creative studios.