xNFTs (executable non-fungible tokens) may be the most recent and innovative iteration of the non-fungible token niche, but their potential is what is truly remarkable. xNFTs are digital assets with built-in code, functioning almost like an app that can be distributed on a decentralized marketplace. An example of one of the first successful launches is Solana MadLads, which is made possible with Solana’s Backpack wallet, allowing xNFTs to operate as an open, programmable system. Armani Ferrante, the creator of Backpack, tweeted that xNFTs could allow anyone to build their own xNFT apps without permission. The benefits xNFTs offer are in the form of a more seamless experience, as user do not need to leave the wallet environment to enjoy the full utility of the tokens. Not only would users be able to better interact with apps, developers would be able to remove barriers by distributing their wares directly within the wallet. The possibilities for xNFTs are incredibly vast, and with programs like Solana MadLads, we may be about to experience the beginning of a new generation of non-fungible tokens.



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