TLDR
- Ripple CTO David Schwartz purchased a one-of-one NFT titled Pats for 30 XRP.
- The artwork was created by artist Dale Forward and listed on XRP Café.
- This marks Schwartz’s first NFT acquisition since August 2023.
- His wallet now holds 146 NFTs from 117 different collections on the XRP Ledger.
- The total estimated value of his XRP NFT collection is approximately $190,000.
Ripple CTO David Schwartz has resumed collecting XRP NFTs after a 14-month pause. He purchased a unique piece titled Pats for 30 XRP. The NFT, created by artist Dale Forward, represents the emotional bond of petting a dog.
Schwartz Buys One-of-One NFT “Pats” for 30 XRP
Ripple CTO David Schwartz added a new one-of-one NFT to his digital collection this week. He purchased the artwork Pats, which artist Dale Forward listed on XRP Café. The artist described it as, “It’s like love is coming out into you and the dog.”
This transaction marks the first time the Ripple CTO has bought an XRP NFT since August 2023. At the time, he acquired Space Mermaid #335 for 120 XRP. However, despite the higher XRP price, the dollar cost of that purchase was just $72.
This latest acquisition cost him 30 XRP, which equated to approximately $90 at the time. Still, due to its exposure, its current value is likely significantly higher. This purchase has sparked speculation around Schwartz’s return to NFT activity.
Ripple CTO’s NFT Wallet Reflects Deep Involvement in XRPL Art
The wallet believed to belong to the Ripple CTO is currently holding 146 NFTs. These tokens come from 117 different collections across the XRP Ledger ecosystem. The estimated value of the total holdings is 64,265 XRP, or roughly $190,000.
The Ripple CTO’s address, rHzWtXTBrArrGoLDixQAgcSD2dBisM19fF, often showcases bids on obscure XRP NFT projects. His collection includes several niche works that represent early XRPL art culture. This consistent pattern shows his deep-rooted engagement with the space.
