Ripple’s CTO Launches an NFT Collection with Ugly People, Here’s What’s Happening


David Schwartz, Ripple’s CTO and one of the architects behind the XRPL ecosystem, has launched his own NFT collection named Ugly On The Outside. The collection comprises 28 pieces of digital art stored on the Ethereum blockchain and now listed for sale on the OpenSea NFT marketplace.

Schwartz released the NFT collection using the pseudonym Joel Katz. The NFT items are extremely ugly characters, with the owner suggesting that their future owners will name them after people they know are as ugly on the inside as these characters are on the outside. The NFT collection was generated using a software known as Stable Diffusion, which converts text into images and makes photorealistic paintings.

Image: OpenSea

Currently, the Ugly On The Outside NFT collection has a total trading volume of 3 ETH and a floor price of 0.25 ETH. The NFT creators earn a commission of 5% on sales.

Schwartz faces criticism

Some users criticized Schwartz’s move to launch his NFT collection on the Ethereum blockchain, considering the strained relationship between Ethereum and the XRP community.

Responding to the criticism, an officer from Ripple said that his main collection was released on the XRPL marketplace, Sologenic, and he is talking with XRP Cafe, an NFT venue. Schwartz on the other hand stated that he has no favorites in the blockchain industry and that he wants to explore the field to the maximum.

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By darnell
December 14, 2022