With the upcoming release of the XLS-20 protocol, we at onXRP believe it important to keep the existing and new-coming communities up to date. As such, we would like to take the time to discuss the implications of this new technology and how you can get involved as quickly and efficiently as possible.
For the newcomers out there or the people that simply need a refresher, XLS-20 is one of the XRPL’s most highly anticipated amendments that will enable NFT technology on the ledger. It has been over a year since the amendment was proposed in May of 2021, and XRPL-native projects eagerly await its release.
Although the vote to push this new technology to MainNet has gone through once before, back in September 2022, unfortunate circumstances led to its postponement. It was not until the bug discovery was resolved that a new version of the amendment was proposed. Since the new proposal, the code has been tested rigorously and subsequently approved by the dUNL validators, that have since voted to push the protocol forward onto the XRPL’s MainNet. If all goes according to plan, the protocol will go live on October 31st, 2022, at 8:41:41 PM UTC.
What’s To Come With The XRPL?
With the introduction and implementation of this new technology, NFT projects on the XRPL will finally be able to release their series through a plethora of XLS-20-compatible NFT marketplaces. Many such projects will do so through the onXRP platform, and we cannot wait to see their collections traded on our marketplace and across the XRPL. Moving forward, we at onXRP hope to host many more projects and artists on our platform.
How Do YOU Get Involved With The XRPL?
Unlike other blockchains, where collectors and traders use the network’s native coins to mint NFTs after being whitelisted (e.g. Ethereum Network = Ethers), the XRPL has introduced an extra dimension through the introduction of tokenised whitelisting. Tokenised whitelisting can be seen as a way to claim the right to mint an NFT once the XLS-20 protocol goes live and, subsequently, the projects can mint. Tokenised whitelisting was a way to circumvent the waiting process and allowed projects to sell their digital IOU vouchers to build and develop their projects and communities
The number of digital IOU vouchers required per NFT depends on the total token supply relative to the NFT collection size of the project in question. For example, since the XPUNK series consists of both 10,000 NFTs and 5,000 XPUNK tokens, each 0.5 $XPUNK token will grant you the right to mint 1 XPUNK once XLS-20 is available on the MainNet. 1 $JUNK or 1 $CLUB token, will grant you the right to mint 1 Junkie or 1 Bull, respectively.
This interesting dynamic between tokens and NFTs means the community will face an environment where digital IOU vouchers and NFT floor prices will coexist, which has never happened before on any other blockchain.
If you are interested in buying digital IOU vouchers before XLS-20 drops, you can head over to dex.onxrp.com. To read more about the token and projects, head over to xmc.onxrp.com. To learn more about the XRPL in general, head over to onxrp.com/telegraph.
Our NFT Project Partners
We have a set of trusted partnered XRPL NFT projects with fantastic collections. These projects have dedicated the last few months to creating the best possible NFTs, filled with additional utility and appreciation for the XRPL.
Our list of project partners are:
The XPUNKs is the first (Tokenized) Non-Fungible Token series on the XRP Ledger. Over the past months, they have provided their community with a variety of airdrops, and value. This will not change in the coming times, as many great features and utilities will be added to the project consistently. The project is building a secret and immersive experience called Eden and is an official partner of Ripple.
0.5 XPUNK token gives holders the right to claim an NFT, which you can purchase on the onXRP DEX. The XPUNKs have been featured in many media outlets and IRL during Ripple events, such as SXSW, Consensus, NFT New York, and Apex. The project has a secret channel for whales on their Discord. They are also the founder of the onXRP platform and offer OXP airdrops monthly to XPUNK holders.
The Junkies are a genesis collection of characters that provide full access to P2E features in the upcoming free-to-play XRPL MMO, titled “The Junkiverse.” Loot, Craft, Fight, and Earn all while exploring a genre-breaking social MMORPG experience.
The Bearable Bulls are the Genesis NFT project for Club XRPL, a community of art and crypto lovers. One of the first projects to develop a working relationship with XPUNK & onXRP, assisting in providing development feedback for various marketplaces and XLS-20 standardization. Ethereum has its Apes, and XRPL has its Bulls. Each Bull is assembled from over 200 hand-drawn and carefully designed traits, and, since its inception, holders have received several additional drops with significant value. During the upcoming XLS-20 launch, all Bearable Bull minters will be eligible for a free complimentary mint: The Rich Ducks.
VerseX is an open-world computer game set in a futuristic metaverse. With the integration of blockchain technology, augmented reality, and virtual reality, we enable users to interact immersively with the real world. VerseX strives to be a global headquarters that connects big retailers, brands, businesses, and individuals to combat the barriers of distance, lack of education, monetisation of virtual assets, and current problems in web-based e-commerce experienced in today’s world.
Lame Lions is a story-based NFT project on the XRPL that aims to bring together the best of NFTs, blockchain, gaming and deFi. A project that pays tribute to beautiful Africa and one of the world’s endangered species, the Lion.
A collection of cute, fun, little MONKEEs looking for a new home. Each one has been perfectly designed to fit snugly within your wallet. Each MONKEE is unique and will be a playable character within the MONKEE MONKEE ADVENTURE & MONKEE MANIA games. Each MONKEE will give the user a different experience using the MONKEES’ unique sets of abilities and traits.
CreativeX LLC and LamboXApes are bringing augmented reality applications to NFTs and developing a transportation-based community ready for metaverse implementation. With collaborative partnerships such as Bored Ape XRPL, XLinden, Junkiverse, XRPanda, XMETA, Ripple Reefs, and XRPanda, we seek grant assistance to develop community-based gaming and Metaverse applications. These applications include cross-platform blockchains, and NFT characters while offering digital asset utilisation for source project upgrades and/or subscriptions. We believe in community-based partnerships and providing a luxury-style NFT through creative smart contract creations and original concepts.
The Wild Stag Treehouse is a unique and exclusive NFT Club that provides a multitude of utility, from reducing carbon by planting trees with our business partner One tree planted to building treehouses for club members to stay in. We are a reminder to everyone that there is more to life than the digital world.
Get ready to step into the world of AnbuLegends, an Anime inspired trading card game with real earning capabilities. See your Anbu come to life and battle in front of you as you strategically play monster, trap and spell cards to defeat your opponent. AnbuLegends is the poster child project for the XRPL’S gaming and Esports Studio
The very first female-inspired collection on the XRPL, representing Web 3.0 women with an XRP flavour. Legendaries and all traits are hand-drawn by Jaime Faith, mom of 3 and tattoo artist in the USA. XBAEs were originally an incentive drop for CLUB and XPUNK token holders. After minting is complete, the XBAEs aim to form a community of women in Web 3.0 and expand the branding into real-world items and cross-chain female artist empowerment.
XRPSHIBACLUB is over seven thousand 3D-generated NFTs. It aims to highlight XRP as a crucial component of the blockchain ecosystem through creative fashion pieces that reflect this era of urban fashion culture.
Pizza Party is the first multi-chain NFT project on XRP & HBAR, sporting 2500 saucy slices on each chain. Home of Degen Pizza Palace, which offers a fun wagering arcade experience with royalties generated going to Pizza Party holders. That’s not all, each chain gets airdropped free baby slices. That’s HOT! Also sporting a deflationary collection with a unique burning mechanism to acquire ULTRA Slices which offers more rewards when staked.
The Veronicas is a generative yona.gallery collection of 2500 women fighting for the cure, they are your mother, sister, friend or co-worker, many that have somehow come across this horrible disease. The collection is in honour of them all, and 5% of the revenue from this collection will also be donated to benefit breast cancer research. I am very honoured to have this collection launched on onXRP as I know that they care about philanthropy. I hope this collection will make many feel represented and put a smile on their faces as their strength and spirit move us all.
What are the XElon NFTS, exactly? These are 500 hand-drawn NFTs, each with its own distinct flair. and characteristics. As they are all hand-drawn, they will be very exclusive. They’ll have various personalities, as well as different costumes and themes.