Ripple CTO Makes Rare Addition to His $190,000 XRP NFT Collection

A one-of-one NFT was not too long ago created on the XRP Ledger by an artist often known as Dale Ahead. Listed on XRP Café, the digital art work depicts what it feels prefer to pet a canine. Because the artist himself describes it, “It is like love is popping out into you and the canine.”

Whereas the piece is healthful by itself, what drew extra consideration was how rapidly this 1/1 merchandise was bought — and, finally, who purchased it.

Due to the attain of social networks, lower than two hours later one of many unique architects of XRP Ledger and Ripple CTO, David Schwartz, introduced that he had acquired the NFT, titled Pats.

Schwartz is not any stranger to the digital artwork house, notably the XRPL ecosystem. The deal with believed to belong to him — rHzWtXTBrArrGoLDixQAgcSD2dBisM19fF — presently holds 146 NFTs from 117 collections, valued at 64,265 XRP, or roughly $190,000 at present charges.

His pockets historical past typically reveals bids on area of interest sequence which have by no means gained broad traction however nonetheless symbolize the early levels of XRPL artwork tradition.

Ending 14-month amassing pause

As for this newest buy, Schwartz purchased Pats for 30 XRP, about $90 on the time, although its worth is probably going a lot greater now as a part of Ripple CTO’s assortment.

Notably, this marks his first XRP NFT acquisition since August 2023, when he bought Area Mermaid #335 for 120 XRP. Amusingly, regardless of being dearer in XRP, the greenback worth of that earlier purchase was simply $72.

Who is aware of? Perhaps Schwartz exhibiting curiosity in NFTs once more is type of a sign that this as soon as booming phase of crypto is on the verge of a revival. Or perhaps it was only a momentary effort to help a fellow XRP fanatic.