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45 lines
2.9 KiB
Markdown
45 lines
2.9 KiB
Markdown
---
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html: non-fungible-tokens.html
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parent: tokens.html
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seo:
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description: Introduction to XRPL NFTs.
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labels:
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- Non-fungible Tokens, NFTs
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---
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# Non-Fungible Tokens
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The XRP Ledger natively supports non-fungible tokens (NFTs, or “nifties” in the vernacular). Non-fungible tokens serve to encode ownership of unique physical, non-physical, or purely digital goods, such as works of art or in-game items.
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_(Added by the [NonFungibleTokensV1_1 amendment][].)_
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To represent digital assets similar to these, use the XRP Ledger's Non-Fungible Tokens feature (sometimes referred to by its standards draft number, [XLS-20](https://github.com/XRPLF/XRPL-Standards/discussions/46)).
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## NFTs on the XRP Ledger
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On the XRP Ledger, an NFT is represented as a [NFToken][] object. An NFT is a unique, indivisible unit that is not used for payments. Users can mint (create), hold, buy, sell, and burn (destroy) NFTs.
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The ledger stores up to 32 NFTs owned by the same account in a single [NFTokenPage object][] to save space. As a result, the owner's [reserve requirement](../../accounts/reserves.md) for NFTs only increases when the ledger needs to make a new page to store additional tokens.
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Accounts can also name a _Broker_ or an _Authorized Minter_ who can sell or mint NFTs on their behalf.
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NFTs have several immutable settings that are defined when the token is minted. These include:
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- Identifying data that uniquely defines the token.
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- Whether the issuer can burn the token, regardless of who currently holds it.
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- Whether the holder of the token can transfer it to others. (An NFT can always be sent to or from the issuer directly.)
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- If transfers are allowed, the issuer can charge a transfer fee as a percentage of the sale price. If there is a transfer fee, the NFT can only be traded for tokens for which the issuer has a trust line.
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- Whether the holder can sell the NFT for [fungible token](../fungible-tokens/index.md) amounts, or only for XRP.
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## NFT Lifecycle
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Anyone can create a new NFT using the [NFTokenMint transaction][]. The NFT lives on the [NFTokenPage object][] of the issuing account. Either the owner or an interested party can send a [NFTokenCreateOffer transaction][] to propose buying or selling the NFT; the ledger tracks the proposed transfer as a [NFTokenOffer object][], and deletes the `NFTokenOffer` when either side accepts or cancels the offer. If the NFT is transferable, it can be traded multiple times between accounts.
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You can destroy an NFT you own using the [NFTokenBurn transaction][]. If the issuer minted the token with the `tfBurnable` flag enabled, the issuer can also burn the token, regardless of the current owner. (This could be useful, for example, for a token that represents a ticket to an event that is used up at some point.)
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For more info about transferring NFTs, see [Trading NFTs on the XRP Ledger](trading.md).
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{% raw-partial file="/docs/_snippets/common-links.md" /%}
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