XRPL Streaming Glossary
Clear definitions of key terms in XRPL streaming, creator payments, micropayments, music rights and digital content monetization.
21 terms
XRPL
XRP Ledger — a public blockchain designed for fast, low-cost value transfer. XRPL is maintained by a decentralized network of validators and is the infrastructure on which XRP operates.
XRP
The native digital asset of the XRP Ledger. XRP is used to pay transaction fees on XRPL and to transfer value between accounts. It is not a company, and it is distinct from XRPL (the network).
XRP Ledger
The full name for XRPL — a distributed ledger technology that records transactions and account balances. The XRP Ledger is open-source and does not have a central operator.
Streaming
The delivery of audio, video or other digital content over a network in real time, without requiring the full file to be downloaded before playback begins.
Music Streaming
The delivery of music audio over a network, typically via a platform that licenses content from rights holders and pays royalties based on stream counts.
Creator Streaming
Streaming platforms or models designed specifically to serve independent creators — musicians, podcasters, video creators — with direct monetization and audience relationships.
Micropayment
A small-value digital transaction, typically ranging from fractions of a cent to a few dollars. Streaming creates natural micropayment use cases because content consumption is measured in small, discrete units.
Pay-Per-Second
A content monetization model in which users are charged based on the actual number of seconds of content they consume, rather than a flat subscription fee.
Creator Payment
Value transferred from a platform or audience to a creator in exchange for content, access, or support. Creator payments can take the form of streaming revenue, subscriptions, tips, or digital asset sales.
Streaming Royalty
A payment made to rights holders when their music is streamed on a licensed platform. Streaming royalties are defined by copyright law and licensing agreements — they are not the same as general creator payments.
Music Royalty
A payment made to copyright holders for the use of their music. Types include master royalties (for the sound recording) and publishing royalties (for the composition). Royalties are legally defined obligations.
Creator Platform
A digital platform designed to help creators publish, distribute and monetize their content, often with tools for audience engagement, payments and digital asset management.
Digital Content
Any content that exists in digital form — music, video, podcasts, articles, courses, images, or other media. Digital content can be streamed, downloaded, or sold as digital assets.
Digital Ownership
The concept of a user holding a verifiable claim to a specific digital asset, typically represented by an NFT or other blockchain-based token. Digital ownership is distinct from access (streaming).
Music NFT
A non-fungible token on a blockchain that represents a unique digital music asset — such as an exclusive track, limited edition release, or fan collectible. Music NFTs do not automatically transfer copyright.
Digital Collectible
A unique or limited-edition digital asset that fans can own and trade. On XRPL, digital collectibles are implemented as NFTs (XLS-20 standard).
Wallet
A software application that manages a user's cryptographic keys and allows them to send, receive and hold digital assets on a blockchain like XRPL. Wallets are required to interact with XRPL-based payment systems.
Settlement
The process by which a financial transaction is finalized and the transfer of value is recorded. On XRPL, settlement typically occurs in 3–5 seconds at the protocol level.
Subscription
A recurring payment model in which users pay a regular fee (monthly or annually) for ongoing access to content or services. Subscriptions can be implemented on XRPL-based platforms.
Creator Economy
The ecosystem of independent creators — musicians, video creators, podcasters, writers and others — who monetize their content and skills directly through digital platforms.
Fan Economy
The economic relationships between creators and their fan communities, including subscriptions, tips, merchandise, digital collectibles and exclusive content access.