RMRK (RMRK)

Last updated 23/09/2022

Official Website: https://www.rmrk.app/

What is RMRK (RMRK)?

The "remark" RMRK is stored on the Kusama blockchain as a collection of NFT legos, giving NFTs limitless extension.

The native utility token $RMRK is utilized for:

Preventing spam using fungible tokens
In the RMRK metaverse, as currency
Display in galleries
Regulating platform-wide parameters
Curation in RMRK-launched items, albeit not always those with an NFT focus
In DeFi protocols like Karura and others as collateral
Using RMRK tokens to mint, trade, and generally interact with the NFTs

Projects that are under development:

Kanaria: Skybreach - creating a truly decentralized and permissionless metaverse by demonstrating and fully utilizing the five fundamental RMRK NFT 2.0 building blocks. A 2D pixel-based top-down massively multiplayer game with technomagic-themed RPG aspects for those who want to take it more seriously and help the plot develop as they play, Kanaria Skybreach is intended toward hypercasual gamers
Singular – the official RMRK Marketplace for the initial Kusama-native NFTs, that is eco-friendly, has low tx fees and on-chain emotes on NFTs

Origins of Kanaria

In 2021 RMRK team initiated a fundraise by selling NFTs: eggs. Emoting on the eggs was a feature added to gamify the purchase. The sale was successful, and each purchaser of the egg NFT received a portion of the entire supply of $RMRK tokens. These eggs would produce birds that would be known as Kanaria.

Kanaria were developed using RMRK, a novel standard for NFTs that enables NFTs to own and outfit other NFTs as well as have a variety of outputs based on the environment in which they are loaded. That’s how the concept of a global item economy was born and the team decided to focus on a metaverse as a more complete application of these novel and adaptable principles.

Skybreach – The Metaverse

There will be accompanying mini-games and experiences like Chunky Quests, even if the metaverse isn't expected to open until sometime in 2023, but playable prototypes will probably experiment with a variety of engines in some fashion well before then. The fundamental concept is to use a decentralized architecture to power the metaverse's backend.

For many reasons, Kanaria Skybreach is the best example of how RMRK may be used. Multi-resource NFTs and standalone equippables are at the top of the list. Realizing the potential of digital scarcity. With RMRK, NFTs can represent experiences and accomplishments in addition to resources and tools. Your avatar may contain some of these NFTs. They remain with it for however long you want.

Team

Bruno Kvorc, a technical instructor at Web 3 Foundation at the time, founded RMRK in August 2020. Now the team consists of more than 10 individuals. Some of the key members include:

Yuti Petusko - CTO, Co-founder, Lead Developer - full-stack engineer with more than ten years of expertise who wants to help create a more effective, secure, and decentralized network
Yuri G. - Co-founder, Lead Developer - tech expert with approximately ten years of web development experience who is eager to contribute to a promising decentralized future for all
Ilia – Co-founder, Lead Developer - experienced multidisciplinary developer, creator and explorer with focus on delivering high quality innovative solutions

Roadmap

Where to Store RMRK (RMRK)

Kusama uses Statemine to maintain the balances of fungible and non-fungible assets. Because it saves RMRK from needing its own chain or relying on another parachain that could lose a parachain lease, this is where $RMRK was first developed.

RMRK tokens can be stored and moved between these following chains:

Statemine – Kusamas's common good parachain
Moonriver - a fully EVM compatible chain connected to Kusama, offering an Ethereum-like programming environment
Bitfrost – an EVM compatible chain
Karura - an EVM-compatible "DeFi Hub" of Kusama and the location of the potent DEX protocol and its associated products, with more to come

One option to store RMRK tokens secure is Metamask – a non-custodial software hot wallet. It can be used to interact with decentralized applications (dapps) and integrate with network’s Liquidity Mining pools.

Stylo Wallet uses a smartphone as a hardware wallet. An application that is meant to be kept offline.

Similarly, a user-friendly Nova Wallet is a perfect choice for RMRK token storage, since it was specifically designed for Kusama and Polkadot ecosystem. Allowing its users to use EVM dapps like Moonbeam, Solarbeam and many more.

Where to Buy and Sell RMRK (RMRK)

You can Buy & Sell RMRK (RMRK) here at BC Bitcoin.

You can Buy RMRK (RMRK) by heading over to the Buy Coins page of our website. RMRK is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $RMRK has never been easier, simply place your order and provide your wallet address. Once your payment arrives, RMRK will be sent directly to your wallet.

If you choose to Sell RMRK (RMRK), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins page.

RMRK (RMRK) Resources

Website: https://www.rmrk.app/

Block Explorer: https://statemine.statescan.io/asset/8

Twitter: https://twitter.com/RmrkApp

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.