RMRK RMRK Price

What is RMRK (RMRK)?

In the ever-evolving landscape of Web3 and blockchain ecosystems, the Kusama blockchain has been at the forefront of innovation, especially with its unique approach to NFTs. One key player in Kusama's NFT strategy is RMRK (pronounced "remark"). Established in August 2020 by Bruno Škvorc, then-technical educator at the Web3 Foundation, RMRK has since grown into a formidable team of four individuals, including Yuri Petusko, Ilia Dvornikovs, and Yuri Girjanskis. The protocol operates as a set of standards on the Kusama blockchain, introducing five "NFT lego" primitives. These building blocks empower users to create NFT systems of unprecedented complexity, seamlessly integrating with Kusama's multi-chain architecture.

RMRK's native utility token, $RMRK, plays a pivotal role in various aspects of the ecosystem. Serving as currency in the RMRK metaverse, including platforms like Skybreach, and the official RMRK marketplace, Singular, $RMRK also acts as a means to prevent fungible token spam and govern platform-wide parameters. The protocol has further extended its reach into DeFi protocols like Karura, where $RMRK serves as collateral. With services ranging from NFT collections to polls and upcoming token sales, RMRK is not only redefining the NFT landscape on Kusama but is also setting a precedent for interoperability with its adoption of Ethereum Improvement Proposals (EIPs) in 2022.

Launched in 2020, RMRK has been making significant strides in the NFT space. Leveraging its innovative NFT legos, the protocol has become the foundation for the most advanced NFT system globally. By enabling the creation of NFTs with defined fields and metadata, coupled with the ability to conduct polls with nuanced voting mechanisms, RMRK is driving a new era of NFT customization. The protocol's integration of Ethereum Improvement Proposals, such as ERC-5773 and ERC-6059, showcases its commitment to cross-chain compatibility, making multi-asset and nestable NFTs possible on the Ethereum Mainnet and EVM environments. With its unique approach to NFTs and a robust ecosystem, RMRK is poised to continue its journey as a trailblazer in the world of blockchain and decentralized technologies.

What is unique about RMRK (RMRK)?

RMRK stands out for being a groundbreaking NFT protocol on the Kusama blockchain, introducing "NFT legos" that enable users to create highly customizable and interoperable NFT systems, along with its native utility token, $RMRK, which serves various functions within its ecosystem.

Who are the founders of RMRK (RMRK)?

RMRK was initiated in August 2020 by Bruno Škvorc, who was the technical educator at the Web3 Foundation.

Who are the backers/investors of RMRK (RMRK)?

RMRK has garnered support from LD Capital, Signum Capital, DFG Capital, Moonwhale Ventures and other investors and backers.

Where can I buy RMRK (RMRK)?

You can buy RMRK (RMRK) on Karura Swap cryptocurrency exchanges.