DEV Community πŸ‘©β€πŸ’»πŸ‘¨β€πŸ’»

DEV Community πŸ‘©β€πŸ’»πŸ‘¨β€πŸ’» is a community of 964,423 amazing developers

We're a place where coders share, stay up-to-date and grow their careers.

Create account Log in
Cover image for RippleX releases XLS-20 dev network: NFT-Devnet
Nik Bougalis for RippleX Developers

Posted on

RippleX releases XLS-20 dev network: NFT-Devnet

In May, RippleX invited the developer community to provide feedback on our proposal to enhance NFT support on the XRP Ledger (XRPL).

We believe crypto and blockchain are powerful levelers in unlocking access and equity for everyone. The rapid rise and growth of non-fungible tokens – or NFTs – is key to that vision. On track to surpass $17B in global sales by the end of this year, it’s clear that NFTs are here to stay with many in the industry already building toward a tokenized future that allows new business models to prosper and people to engage more deeply with the communities and things they care most about.

Today the NFT-Devnet is available, making it possible for all developers to learn about and experiment with the native NFT capabilities introduced with XLS-20d. Developers are welcome to start building apps and tokenization use cases, as well as visit the Technical Tutorial page to get started.

The NFT-Devnet: Getting Started with NFTs on XRPL

Non-fungible tokens serve to encode ownership of physical, non-physical or purely digital goods, such as works of art and in-game items.

The XLS-20d proposal introduces extensions to the XRP Ledger that would support a native NFT type, along with operations to enumerate, transfer and hold such tokens. With XLS-20d live on XLS-20 Sandbox today, developers can access all essential NFT functionality including minting, trading, and burning. Moreover, advanced features like automatic royalties, which enable more sophisticated royalty structures for creators, and co-ownership, which expands access possibilities to assets, are also built into the proposal.

The NFT-Devnet is a beta environment where developers can preview, test and experiment with XLS-20d on XRPL before it is enabled on the Mainnet.

As this is the first time developers can mint native NFTs on the XRP Ledger, an interactive Technical Tutorial in the documentation on xrpl.org can help them get started. We also encourage developers building NFT projects – or wanting to get started with NFTs – to apply to the XRPL Grants program.

Community Spotlight: Carbonland Trust

RippleX is just one contributor to the XRPL – there’s a whole community of independent developers building on it today for its inherent performance advantages and tokenization capabilities. One such project is Carbonland Trust, which is pushing the boundaries for potential NFT uses.

Earlier this year, Ripple launched the XRPL Grants program – an initiative to engage, fund and support the independent developer community and their technical projects built on the XRP Ledger. Carbonland Trust is one of more than 20 projects to receive funding through the program, focused on protecting forest land with their CO2 Removal Bonded NFTs and Conservation Certificates. The project centers on creating the first CO2 Removal Credit Yielding NFT, a carbon credit producing digital asset and forest conservation DeFi protocol. In addition, the project includes CO2 Bonds which offer businesses and individuals a better way to remove CO2, hedge against rising carbon credit prices, and lock in a stable, long-term supply of high-quality offsets.

Carbonland Trust is one of many projects funded through the XRPL Grants program that will build on the XRPL XLS-20 Sandbox environment.

Experimenting on the NFT-Devnet

We’re excited to bring our proposal for NFT capabilities to life on the NFT-Devnet, a test network with feature-functionality that will look exactly like the primary Devnet. This is a first step toward our vision of enabling developers to build apps that leverage the XRP Ledger’s native tokenization capabilities.

While the RippleX team is excited to contribute to NFT technology on the XRP Ledger, our engineers–along with others in the community–are also contributing to its stability and scalability. As such, XLS-20d will initially be released on the NFT-Devnet in order to allow developers to test NFT capabilities, and server operators to understand the performance characteristics and implications of the proposed changes without compromising the performance of the XRPL.

Following today’s release, we invite the XRPL developer community to visit the Technical Tutorial page. Feel free to comment and/or ask your questions below.

Top comments (6)

Collapse
 
jnr101 profile image
jnr101 • Edited on

Are you also considering a multi-token standard a-ka ERC1155? We think it has some added benefits, being able to assign a fungible token-amount to each token that can be split among several owners. The current standard allows only one owner and the valued amount is always 1..

Collapse
 
xrpherd profile image
The XRP Herd πŸ”₯🐘

Hey, will it be possible to convert xls14 to xls20? of is it better to wait 20?

Collapse
 
aeejhay profile image
[AJ.Mole]

We are excited for the modules and functions of XLS-20d.. Looking Forward #TULDOK

Collapse
 
xrpherd profile image
The XRP Herd πŸ”₯🐘

Something I don't get, do you need to create a token to mint and sell NFTs on the XRPL?

Collapse
 
intelliot profile image
Elliot Lee

No, those are separate, although it is possible to integrate them.

Collapse
 
kingsmanxtoadz profile image
Kingsman xToadz

Brilliant.

Take a look at this:

Settings

Go to your customization settings to nudge your home feed to show content more relevant to your developer experience level. πŸ›