The Way Forward

We created rTokens to be an interpolation between fungibility and non-fungibility.

Since NFT cannot exist without these factors, NFT trading is carried out in a personal preference, making NFT selling/buying price dependent on how the individuals holding that NFT values it. Conventionally, NFTs are traded on Secondary Marketplaces, trading in these platforms is slow because users have to speculate and create orders directed to particular NFTs. The Liquidity problem arises from the fact that NFT trading is a slow process, as users only accept buy or sell orders if the trade is profitable, concerning the cost of holding the NFTs. There is no presence of a medium where users can trade NFTs instantly because there is no sufficient real-time liquidity provision available. We considered creating an asset category on the XRPL that serves as an interpolation between fungibility and non-fungibility. These assets and the dynamic and real-time liquidity provision of the Automatic Maker Marker offer users a seamless NFTs trading experience on the XRP Ledger. These Assets are known to EVM Blockchains as Fractional NFTs grant actual Non-Fungible Tokens the ability to be fungible. This feature allows them to be bought and sold in fractions as every Fungible Token. This Asset Category on the XRPL is known as the rTokens, and xFRAC is their Home.