2021 is seeing explosive demand for blockchain solutions and supply has become more capable. Competition is fierce within the space but the lawsuit with the SEC is keeping Ripple from advancing further.
Ripple Labs is entering the race for tokenization as the XRP Ledger continues to broaden its utility despite the lingering lawsuit with the SEC.
The blockchain company has taken steps this year to embark on the many uses cases for its distributed ledger technology, including NFTs (via Mintable) and central bank digital currencies (via a private version of XRPL).
Asset tokenization is one of the most exciting use cases for blockchain and Ripple wants to make sure its XRP will surf that wave.
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