XRPL NFT Glossary

The permanent destruction of an NFT on the XRP Ledger.

Burning an NFT removes it from the ledger permanently using the NFTokenBurn transaction. Whether an NFT can be burned depends on the tfBurnable flag set at minting time.

A unique digital asset recorded on a blockchain that can be owned, transferred, and verified.

On the XRP Ledger, digital collectibles are implemented as NFTokens — non-fungible tokens with unique identifiers, configurable characteristics, and optional metadata.

The verifiable association between an XRPL wallet address and an NFT recorded on the ledger.

On the XRP Ledger, NFT ownership is determined by which account holds the NFToken in its NFToken page. This ownership is publicly verifiable and does not require a trusted third party to confirm.

The XRPL account that created (minted) an NFT and is permanently recorded as its originator.

The Issuer is the account address recorded on the NFT at minting time. This record is permanent and immutable. The issuer receives TransferFee payments on qualifying secondary transfers if configured.

The process of creating a new NFT record on the XRP Ledger by submitting an NFTokenMint transaction.

Minting is the act of writing a new NFT into existence on the ledger. Once minted, the NFT has a permanent, unique NFTokenID and is associated with the issuing account.

Non-Fungible Token — a unique digital asset that cannot be exchanged on a 1:1 basis with another token of the same type.

Unlike fungible tokens (where each unit is identical and interchangeable), NFTs are unique. Each NFT has a distinct identifier and may have distinct properties. On the XRP Ledger, NFTs are implemented as NFTokens.

A platform where XRPL NFTs can be discovered, offered, bought, and sold.

XRPL NFT marketplaces interact with the ledger's native NFT functionality — including NFTokenCreateOffer and NFTokenAcceptOffer transactions — to facilitate trading without requiring a central intermediary to hold assets.

Descriptive information about an NFT stored externally and referenced via the NFT's URI field.

Metadata typically includes the NFT's name, description, image URI, creator information, and attributes. It is stored as a JSON file on IPFS or another storage system, with the URI recorded in the NFTokenMint transaction.

The on-ledger object representing a non-fungible token on the XRP Ledger.

An NFToken is the ledger object created by a successful NFTokenMint transaction. It stores the NFTokenID, issuer, flags, transfer fee, and URI. NFTokens are held in NFTokenPage objects associated with the owner's account.

The XRP Ledger transaction type used to permanently destroy an NFT.

NFTokenBurn removes an NFToken from the ledger permanently. The NFTokenID is retired and can never be reused. Whether burning is permitted depends on the tfBurnable flag set at minting.

The unique 256-bit identifier assigned to an NFT on the XRP Ledger at minting time.

The NFTokenID is derived from a combination of the NFT flags, TransferFee, issuer address, NFTokenTaxon (scrambled), and a sequence number. It permanently and uniquely identifies the NFT across the entire ledger.

The XRP Ledger transaction type used to create a new non-fungible token.

NFTokenMint is the fundamental minting operation for XRPL NFTs. It accepts fields including Account, NFTokenTaxon, URI, Flags, TransferFee, and optionally Issuer. A successful NFTokenMint transaction creates a permanent NFToken record on the ledger.

An integer field in NFTokenMint used to group or categorize NFTs from the same issuer.

NFTokenTaxon is a UInt32 field required in every NFTokenMint transaction. It can be any value from 0 upward. NFTs sharing the same taxon value from the same issuer are identifiable as part of the same group or collection by applications and marketplaces.

A percentage configured at minting time that is directed to the NFT issuer on qualifying secondary transfers.

TransferFee is set as a UInt16 value in the NFTokenMint transaction, encoded as thousandths of a percent (e.g., 5000 = 5%). When the NFT is transferred through a mechanism that applies the fee, the specified percentage is directed to the original issuer.

A Uniform Resource Identifier field in an XRPL NFT pointing to external metadata or content.

The URI field in an NFTokenMint transaction stores a reference to external metadata. It is stored on the ledger as a hexadecimal-encoded string. The URI typically points to a JSON metadata file on IPFS or another storage system.

An XRPL account that can hold NFTs, XRP, and other assets, controlled by a private key.

An XRPL wallet is an account on the XRP Ledger identified by a public address. The account is controlled by a corresponding private key or seed phrase. NFTs minted by or transferred to an account are held in that account's NFToken pages.

The XRP Ledger Standard that defines native NFT functionality on the XRP Ledger.

XLS-20 is the specification that introduced non-fungible token support as a native feature of the XRP Ledger protocol. It defines the NFToken object, NFTokenMint, NFTokenBurn, NFTokenCreateOffer, NFTokenAcceptOffer, and NFTokenCancelOffer transactions.

The native digital asset of the XRP Ledger, used for transaction fees and account reserves.

XRP is the currency that powers the XRP Ledger. It is used to pay transaction fees (including NFTokenMint fees), meet account reserve requirements, and as a medium of exchange. XRP is not the same thing as XRPL.

The decentralized blockchain network on which XRPL NFTs are minted and held.

The XRP Ledger (XRPL) is a decentralized, public blockchain maintained by a network of independent servers that reach consensus on ledger state. It supports native NFT functionality through the XLS-20 standard.

Abbreviation for the XRP Ledger — the decentralized blockchain network that supports native NFT minting.

XRPL is the widely used abbreviation for the XRP Ledger. When people refer to "XRPL minting" or "XRPL NFTs," they mean minting on the XRP Ledger network.

A non-fungible token created natively on the XRP Ledger using the XLS-20 standard.

An XRPL NFT is specifically an NFToken created on the XRP Ledger. Unlike NFTs on smart-contract platforms, XRPL NFTs are implemented as a native ledger feature — no external contract code is required.