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Non-fungible tokens (NFTs) have been around for some time, but it was only in 2021 that they truly rose to prominence and became Collins dictionary’s word of the year. This year has seen more adoption, developers, creators and stakeholders become involved in the NFT space, making it a reputable and popular niche in the decentralized space. One of the most exciting developments in this space is the onXRP NFT Marketplace, which was co-founded by Kaj Leroy, Bastiaan van Roekel and Louis de Jong in Q1 2022.
The onXRP NFT Marketplace is an epic haven for minting and trading NFTs publicly without third-party interference. It is an integral part of the onXRP ecosystem, which is built on the XRP Ledger. The marketplace offers 360 collections of NFTs across eight categories: Arts, Collectibles, Gaming, Music, Photography, Sports, Trading cards, and Utility. These NFTs are priced and bought in XRP tokens, as they are classified as XRPL NFTs.
Before unveiling the XLS-20 token standard, Ripple had committed $250 million to explore NFT innovation on XRPL. This led to the development of a compact and efficient XLS-20 which has no adverse effect on the XRPL transaction scaling. The top-selling NFT collections on the onXRP marketplace include XPUNKS, Bored Apes XRP Club and XSPECTAR.
XPUNKS is the brainchild of the co-founders of the onXRP ecosystem and features a 24-by-24-pixel canvas of 10,000 NFTs uniquely marked by ten attributes. All NFTs in this collection have a trademark X-mouth, depicting their affection and loyalty to XRPL. The current floor price of XPUNK is 1350 XRP, while the collection reportedly recorded over 8M XRP sales volume.
The Bored Apes XRP Club is a collection of 10,000 premium NFTs created on the XRP Ledger. All NFTs in this collection are uniquely characterized by varying attributes that define their rarity scorecard. Owning these X Apes has many benefits, including daily Baynana drops, weekly jungle events (like treasure hunts), access to Metaverse lands, and upcoming games. The floor price of X Apes on the onXRP marketplace is 550 XRP and has recorded over 3M XRP trade volume.
XSPECTAR is another top collection of NFTs on the onXRP marketplace. The collection currently has an undisclosed number of NFTs, with 14 attributes defining their respective rarity. These NFTs feature agents holding different weapons, ice cream, doughnuts, chocolate, detonator, cyber phone, flask, handbags, lipstick, microphone, milkshake, and lots more. Its current floor price is 290 XRP, and it has recorded over 430k XRP in trade volume.
Trading NFTs on marketplaces requires connecting non-custodial wallets like MetaMask, Trust wallet, etc. Buying or selling NFTs on the onXRP marketplace requires connecting with the XUMM wallet. The XUMM wallet is a non-custodial wallet that allows users to interact with the XRP Ledger and third-party tools. It is secure and fast as it executes transactions within 4 to 5 seconds, owing to the XRPL 1500 tps (transaction per second). XUMM is only compatible or available on mobile devices like Android and iOS; no web version or extension.
To trade NFTs on onXRP, download the official XUMM wallet from the Google play store for Android or the App store for iPhone. Set up your wallet security module with passcodes and biometric or face ID for additional security. Before using the wallet, you must create your account and copy your keys. Furthermore, you need to deposit at least 10 XRP to your account to activate it to prevent spam account creation. After activating your account, click the XUMM icon in the middle of the icons at the bottom. Next is to click the “Scan QR code” tab on your mobile device. While all these are done on your phone, head to onXRP marketplace on your Pc and click the “CONNECT WALLET” tab on the top right corner. Then scan the QR code on your PC with the scanner from the XUMM wallet on your mobile device and approve the connection. Now, you’ve connected to the onXRP marketplace.
onXRP is a great platform for promoting the adoption of Non-fungible tokens. It is an arm of the onXRP ecosystem that onboards XLS-20 NFTs on the XRP Ledger. Aside from the above-highlighted NFT collections, there are various other fascinating NFT collections on the marketplace, including UNIXPUNKS, A.A. XRP Cyborgs, The Bearable Bulls, XAliens Genesis, Blockchain Backer, Revellers, Junkies, XFLOKI GENERATION 1, MONKEE MONKEE, Bored Ape Football Club, Rich Ducks and Xblades.
The onXRP NFT Marketplace is a great place for investors and enthusiasts to bid on NFTs during auctions, while NFTs are also available for instant purchase. It is also possible to create or mint NFTs on the platform by clicking the “CREATE” tab at the top right corner. To launch a NFT collection or project with onXRP Launchpad, users will have to connect a virgin or newly activated wallet with no transaction history.
In conclusion, onXRP is an exciting and innovative marketplace that is helping to promote the adoption of Non-fungible tokens. It is a trading niche of the onXRP ecosystem which is built on the XRP Ledger and allows users to mint and trade NFTs publicly without third-party interference. It offers a variety of collections of NFTs across eight categories, and users can buy, sell or mint NFTs on the platform. It also offers a Launchpad for launching corporate NFT projects. The onXRP NFT Marketplace is a great place for investors and enthusiasts to explore and take part in this exciting new technology.
