Ripple's CTO Adds Unique NFT to His $190,000 XRP Collection

David Schwartz, the CTO of Ripple, has made a significant addition to his impressive collection of XRP NFTs. He recently purchased a unique digital artwork titled "Pats," created by artist Dale Forward, which captures the essence of the joy in petting a dog. The acquisition, made on the XRP Ledger, highlights Schwartz's ongoing interest in the NFT space within the XRPL ecosystem.

Key Takeaways

Ripple CTO David Schwartz acquired a unique NFT called "Pats" for 30 XRP, roughly $90.
The NFT was created by artist Dale Forward and symbolizes the love shared between humans and dogs.
Schwartz's wallet holds 146 NFTs across 117 collections, valued at approximately $190,000.
This purchase marks Schwartz's first NFT acquisition since August 2023 and may indicate a revival of interest in NFTs within the cryptocurrency community.

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

A Unique NFT Purchase on the XRP Ledger

Recently, a one-of-a-kind NFT was minted on the XRP Ledger by artist Dale Forward. This digital artwork, available for sale on XRP Café, portrays the warm feeling of petting a dog. The artist eloquently describes the work: "It's like love is coming out into you and the dog."

While the piece itself is charming, it’s the rapid sale and notable buyer that captured widespread attention. Within just two hours, David Schwartz, Ripple's CTO and a key figure in the creation of the XRP Ledger, announced that he had acquired the NFT, titled "Pats."

Made this 1/1 on @xrpcafe about how it feels to give a dog pats. Like love is coming out into you and the dog.
— Dale (@dfart2287)

Schwartz's NFT Collection

David Schwartz is well-versed in the digital art world, particularly within the XRPL ecosystem. His known wallet address, rHzWtXTBrArrGoLDixQAgcSD2dBisM19fF, currently contains 146 NFTs from 117 different collections, collectively valued at 64,265 XRP, or approximately $190,000 based on current exchange rates.

His purchasing history reveals interests in niche NFT series that, while not widely recognized, signify the early development of art culture on the XRPL.

Details of the Latest Acquisition

The recent acquisition of "Pats" cost Schwartz 30 XRP, about $90 at the time of purchase. However, the current value of the NFT is likely much higher now, given its place in Schwartz's esteemed collection.

This purchase is particularly noteworthy as it is Schwartz's first foray into buying XRP NFTs since August 2023, when he acquired "Space Mermaid #335" for 120 XRP. Interestingly, although that earlier purchase involved a higher XRP amount, its dollar equivalent was only $72.

In conclusion, Schwartz’s renewed interest in NFTs could suggest a possible resurgence in this once-thriving sector of crypto. Alternatively, it might just reflect his desire to support fellow creators within the XRP community.