Leading motorcycle manufacturer Ducati will be making a foray into the world of digital collectibles by rolling out its first NFT series. The NFT series will be powered by Ripple’s XRP Ledger. The development made a splash on cryptocurrency news in India as analysts look forward to seeing a digital collectibles series that will feature Ducati’s iconic logos.
These logos have been adding to the prestige of Ducati bikes since 1946. Analysts also feel that the new development is likely to impact the live cryptocurrency prices of many altcoins.
With the new initiative, Ducati will be striving to strengthen its presence in the field of digital collectibles and ramp up its reach among its global user base. The company’s choice of the XRP Ledger for a hosting network has inspired a lot of confidence among Ducati fans given Ripple’s efficiency and security in processing transactions.
According to reports, the NFT collection will be rolled out on July 26. What’s more with the NFT series, motorcycle aficionados will be able to own a piece of Ducati’s golden past.
People who buy these NFTs from the limited-series collection will be called ‘trotters’ who can enjoy perks like access to future NFT projects and incentives.
Ducati will also be partnering with Web3 Pro, which is a leading company in the NFT and blockchain industry. In the past, Web3 Pro has partnered with popular Italian carmaker Lamborghini.
According to experts, these partnerships reflect the growing interest of global auto and motorcycle companies in the NFT and blockchain assets space.
Developed in 1926 by Antonio Cavalieri Ducati and his sons in Italy, Ducati has carved a niche for itself by becoming a world-famous manufacturer of handcrafted motorcycles.
XRP Ledger or the XRPL is a public blockchain that is maintained by a thriving community of developers spread across the world. One of XRP Ledger’s flagship projects is Ripple – a crypto project that offers blockchain-based solutions for enterprises.
Over the years, Ripple has evolved to become one of the best crypto options in the market. Be it from the point of view of cryptocurrency tax in India to how to invest in cryptocurrency in India, Ripple is an easy-to-use and dependable option for all kinds of crypto users.
Developers seem to prefer Ripple as it’s reliable and offers user-friendly features. The other factors that have contributed to Ripple’s popularity are the low cost of transactions, ease of development, and strong community of developers who are committed to creating a strong and accessible foundation.
Some of XRP Ledger’s advanced features include a peer-to-peer multicurrency decentralized exchange that enables its users to get real-time information about the Top 10 cryptocurrencies of the world. The other strong attributes of ledger technology are cross-currency payments. Developers can integrate multi-hop payment solutions that pave the way for seamless cross-border crypto transactions.
They also get to explore payment channels where batched micropayments are processed at unparalleled speed and are secured by the XRP token. Plus, there are flexible options for custody and security of on-ledger accounts.
If you are new to the platform, there are multiple resources like tutorials, guides, sample codes, and a lot of inspiration from past projects to help you get started.
Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
