The NFT mania of 2021 generated billions in trading volume but was largely inaccessible to most creators due to Ethereum's high gas fees. XRPL's XLS-20 standard changes this calculus dramatically: minting an NFT on XRPL costs 0.01 XRP and settles in 3-5 seconds, enabling an entirely new class of high-volume, low-value digital assets.
How XRPL NFTs Work
How XRPL NFTs Work
XRPL NFTs (XLS-20 standard) are stored as NFToken objects on the XRP Ledger. Each token has a unique Token ID, a URI pointing to metadata (stored off-chain on IPFS or similar), configurable transfer fees (royalties encoded at the protocol level from 0-50%), and flags determining transferability and burnability.
The royalty implementation is notable: unlike Ethereum where marketplace-enforced royalties can be bypassed through direct transfers, XRPL protocol-level royalties are enforced automatically at every transfer — ensuring creators receive their percentage regardless of where the sale occurs.
XRPL NFT Marketplaces and Ecosystem
XRPL NFT Marketplaces and Ecosystem
- ✓Onyx.io: the leading XRPL NFT marketplace with hundreds of collections
- ✓XRP.cafe: community-favorite XRPL NFT marketplace and minting platform
- ✓Sologenic: combines NFTs with tokenized stocks on XRPL
- ✓XRPL NFT advantages: 0.01 XRP mint fee, 3-5s transactions, gas-free secondary trades
- ✓Primary use cases growing: gaming items, event tickets, digital art, real estate tokenization
- ✓Cross-chain: XRPL NFTs can bridge to other chains via developing bridge infrastructure
XRPL NFT FAQs
Earn XRP to Participate in the XRPL Ecosystem
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