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About RMRK
Key Points
- RMRK is a protocol for creating complex NFT collections with multi-asset, nestable, equippable, and emotable NFTs.
- The protocol emerged from the Substrate ecosystem in 2021 and has implemented Ethereum Improvement Proposals.
- $RMRK is the native utility token used for various purposes, including currency, governance, and collateral.
- RMRK tools include command-line and web app tools, spec, pinning tools, and a standalone renderer for RMRK2 composable NFTs.
- There are 10,000,000 $RMRK tokens in circulation, with 88% fairdropped to the community and 11
About RMRK: Unlocking the Potential of NFTs
Introducing RMRK Protocol (RMRK): A Revolutionary Blockchain Solution
RMRK is revolutionizing Web3’s comprehensive NFT strategy with an innovative suite of NFT “legos,” now accessible in EVM environments. These modular components enable NFT collections of unparalleled complexity to leverage newly available multi-asset, nestable, equippable, emotable, and nestable-soulbound NFTs, unlocking unprecedented possibilities.
The protocol originated from the Substrate ecosystem in early 2021, and as recently as 2022, it has successfully integrated a series of Ethereum Improvement Proposals, notably ERC-5773 and ERC-6059, thereby enabling the creation of multi-asset and nestable NFTs on the Ethereum Mainnet and across diverse EVM environments.
The native utility token, $RMRK, serves as the cornerstone for a multitude of purposes, including:
- Currencies within the RMRK metaverse, exemplified by Skybreach
- Currencies utilized in the official RMRK marketplace, Singular
- Mitigating fungible token spam
- Curation of NFT galleries
- Governance of platform-wide parameters
- Curation of RMRK-launched products, extending beyond NFTs
- Collateralization in DeFi protocols, including Karura and others
- Abstraction of the multi-chain architecture, enabling the utilization of RMRK tokens to mint, trade, and interact with NFTs within our ecosystem
- Whitelabeling of RMRK products and applications
- Utilizing $RMRK tokens to fund accounts for use with applications, such as BadCall
RMRK’s comprehensive toolkit encompasses:
- Utilize RMRK tools to seamlessly interact with NFTs via command line interfaces and web applications
- Leverage the RMRK specification to develop your own bespoke implementation
- Employ RMRK pinning tools to efficiently pin to IPFS and regularly purge outdated pins from services such as Pinata
- A self-contained, embeddable renderer for rendering complex, composable RMRK2 NFTs
The Circulating Supply of $RMRK Tokens: A Closer Look
Out of the total 10,000,000 $RMRK supply, a staggering 88% of the tokens were distributed via airdrop to the community members who had purchased Kanaria eggs, fostering a sense of inclusivity and community-driven growth.
From the remaining 11% of tokens, 5% are reserved for the founding team, while the balance is allocated to market makers to facilitate exchange liquidity. Notably, our ecosystem is characterized by a complete absence of inflation, and we do not operate a token buyback program, given the profound utility of our token across the RMRK ecosystem.
The Visionaries Behind RMRK: Meet the Founders
RMRK was inaugurated in August 2020 by Bruno Škvorc, then a technical educator at Web 3 Foundation. The project’s scope expanded in February 2021, with the team growing to four members and registering as a Swiss Verein. The core team, comprising Yuri Petusko, Ilia Dvornikovs, Yuri Girjanskis, and Bruno, collaborated to develop the specification and tools for RMRK and its subsequent iteration, RMRK 2.0, which has since become the foundation of the world’s most advanced NFT system.
Acquiring RMRK: A Comprehensive Guide
For a more in-depth exploration of RMRK and the $RMRK token, including its multifaceted utility within the Substrate ecosystem, please visit
https://singular.app/tokens
.