Question 1

What is an XRP NFT?

Accepted Answer

An NFT minted directly on the XRP Ledger (XRPL) using the XLS-20 standard — fast, cheap, and natively supported by the protocol without smart contracts.

Question 2

How are XRP NFTs different from Ethereum NFTs?

Accepted Answer

XRPL NFTs are native objects on the ledger, not smart-contract tokens. Transfer fees are fractions of a cent, settlement is ~3–5 seconds, and there is no gas auction.

Question 3

Do I need XRP to buy an XRP NFT?

Accepted Answer

Yes. You pay in XRP and need ~10 XRP reserved in your wallet to hold the account plus a small reserve per NFT owned (currently 2 XRP per NFT).

Question 4

Which wallets support XRP NFTs?

Accepted Answer

Xaman (formerly Xumm), Crossmark, Gem Wallet and Trust Wallet all support XLS-20 NFTs out of the box.

Question 5

Where can I buy and sell XRP NFTs?

Accepted Answer

The biggest marketplace is xrp.cafe. Others include Sologenic NFT, onXRP and Bidds.

Question 6

What are royalties on XRPL?

Accepted Answer

XRPL supports native transfer fees on NFTs (set at mint time). The fee is paid to the issuer on every secondary sale and enforced by the protocol itself.

Question 7

Are XRP NFTs really on-chain?

Accepted Answer

The NFT object lives fully on the ledger. The image / metadata is usually pinned on IPFS and referenced by the on-chain URI field.

Question 8

Can I burn an XRP NFT?

Accepted Answer

Yes. The current owner (or the issuer if the burnable flag was set at mint) can permanently destroy the NFT and free up the 2 XRP reserve.

Question 9

What does the Crypto Diary collection cost?

Accepted Answer

Floor pricing changes constantly. Check the live floor and volume on xrp.cafe/collection/crypto-diary.

Question 10

Why collect hand-drawn NFTs in an AI age?

Accepted Answer

Every Crypto Diary entry is drawn by BiTi by hand — a real human moment of market history. In a flood of AI-generated PFPs, hand-drawn art is the scarce asset.

Question 11

What is the XRPL?

Accepted Answer

The XRP Ledger is a decentralised, open-source layer-1 blockchain launched in 2012. It settles transactions in 3–5 seconds and has been running without downtime for over a decade.

Question 12

Who created the XRPL?

Accepted Answer

Jed McCaleb, Arthur Britto and David Schwartz designed it in 2011–2012. Ripple Labs is the largest contributor but does not control the network.

Question 13

How does XRPL consensus work?

Accepted Answer

It uses the XRP Ledger Consensus Protocol (a federated Byzantine agreement variant). Validators reach agreement every few seconds without mining or staking.

Question 14

What are transaction fees on the XRPL?

Accepted Answer

Fees are typically 0.00001 XRP (10 drops) — a tiny fraction of a cent. The fee is burned, slowly reducing XRP supply.

Question 15

Is the XRPL energy efficient?

Accepted Answer

Yes. Because there is no mining, the XRPL uses orders of magnitude less energy than proof-of-work chains — roughly the energy of a few email servers globally.

Question 16

What is the role of validators?

Accepted Answer

Validators propose and agree on the next ledger version. Anyone can run one — Ripple, exchanges, universities and independents all do.

Question 17

Does the XRPL support smart contracts?

Accepted Answer

Yes, increasingly. Hooks (lightweight on-ledger logic) and the EVM-compatible XRPL sidechain bring full smart-contract capability to the ecosystem.

Question 18

What is the native DEX?

Accepted Answer

The XRPL has had a fully on-chain decentralised exchange since launch. Any two issued tokens (including XRP) can be traded directly without a bridge or AMM contract — though AMMs are now live too.

Question 19

What are trust lines?

Accepted Answer

To hold any non-XRP asset, you open a trust line to the issuer. It is the XRPL's way of opting in to a token and setting your exposure limit.

Question 20

Can the XRPL be shut down?

Accepted Answer

No single party can stop it. Even if Ripple disappeared, the open-source code and independent validators would keep the network alive.

Question 21

What is xrp.cafe?

Accepted Answer

xrp.cafe is the largest NFT marketplace on the XRP Ledger, focused on art, collectibles and PFP projects.

Question 22

Do I need an account?

Accepted Answer

No traditional account — you simply connect a supported XRPL wallet (Xaman, Crossmark, Gem) and sign transactions.

Question 23

What are the marketplace fees?

Accepted Answer

xrp.cafe charges a small marketplace fee on each sale on top of any creator royalty defined on the NFT itself.

Question 24

How do I list an NFT for sale?

Accepted Answer

Connect your wallet, go to your profile, pick the NFT, hit Sell, set a price in XRP and sign the offer transaction.

Question 25

How does bidding work?

Accepted Answer

Buyers can place offers below the listed price. The seller sees all offers and can accept any of them at any time.

Question 26

Are collections verified?

Accepted Answer

xrp.cafe verifies major collections with a checkmark. Always check the issuer address before buying high-value pieces.

Question 27

Can I mint a new collection on xrp.cafe?

Accepted Answer

Yes — creators can launch primary mints directly through the platform's mint pages.

Question 28

Where do I find the Crypto Diary collection?

Accepted Answer

At xrp.cafe/collection/crypto-diary. Every page in the diary is a hand-drawn entry by BiTi Artist.

Question 29

Is xrp.cafe custodial?

Accepted Answer

No. The marketplace never holds your NFTs or XRP — every action is a signed XRPL transaction from your own wallet.

Question 30

Which networks does it support?

Accepted Answer

xrp.cafe is XRPL mainnet only. Sidechain and EVM NFTs use separate marketplaces.

Question 31

Is XRP the same as Ripple?

Accepted Answer

No. XRP is the native asset of the XRP Ledger. Ripple is a private company that uses XRP in some of its products. The XRPL itself is decentralised and independent of Ripple.

Question 32

What is XRP used for?

Accepted Answer

Fast, cheap value transfer, bridging currencies on the XRPL DEX, paying transaction fees, and acting as collateral in many XRPL-based products.

Question 33

How many XRP exist?

Accepted Answer

100 billion XRP were created at launch — no more can ever be created. Transaction fees burn small amounts, so the total slowly decreases.

Question 34

What was the SEC lawsuit about?

Accepted Answer

The SEC sued Ripple in 2020 claiming XRP sales were unregistered securities. In 2023 a US court ruled programmatic sales of XRP on exchanges are not securities — a landmark decision.

Question 35

Where can I buy XRP?

Accepted Answer

On most major exchanges including Coinbase, Kraken, Bitstamp, Bitvavo, Binance (outside the US) and Uphold.

Question 36

Can XRP be staked?

Accepted Answer

No. The XRPL uses consensus instead of proof-of-stake, so there is no native staking. Some third-party platforms offer XRP yield products, but those carry custodial risk.

Question 37

What is the XRP escrow?

Accepted Answer

Ripple holds a large reserve of XRP in on-ledger escrows that release 1 billion XRP per month. Unused amounts are re-locked, smoothing the supply schedule.

Question 38

Why is XRP good for payments?

Accepted Answer

Settlement in seconds, fees worth a fraction of a cent, no chargebacks, and the DEX can auto-bridge any two currencies through XRP.

Question 39

What is Ripple's RLUSD?

Accepted Answer

RLUSD is Ripple's USD-pegged stablecoin, issued on both the XRPL and Ethereum, designed for enterprise payments and on-chain liquidity.

Question 40

Is XRP a good long-term hold?

Accepted Answer

This is not financial advice. The Crypto Diary documents the journey — every page captures a real moment in XRP's price and culture.

Facts

Last Week News about XRP & Ripple

10 Most Asked Questions about XRP NFTs

10 Most Asked Questions about the XRPL

10 Most Asked Questions about XRP Cafe

10 Most Asked Questions about XRP & Ripple