What is RMRK
Tokens
1. What is rmrk?
RMRK is a cryptocurrency that runs on the Kusama blockchain (the canary network of Polkadot). It is the native token of the RMRK (Remark) platform, primarily used for applications related to NFTs (non-fungible tokens). Here are the main features and uses of RMRK:
NFT platform: The RMRK platform allows developers to create new NFTs by leveraging existing blocks. It provides users with a set of NFT building blocks, enabling them to assemble complex creations.
NFT marketplace: RMRK has its own NFT marketplace, allowing users to buy, sell, or trade NFTs created on RMRK. The marketplace is eco-friendly and has low transaction fees.
Kanaria: The RMRK project has developed an NFT series called Kanaria, featuring limited edition eggs that can hatch into valuable birds. Kanaria also introduces features such as on-chain expressions and pixel-based 2D metadata.
Token economics: RMRK has a maximum supply of 10 million, with a majority of the supply (88%) allocated to those who purchase Kanaria NFTs. The remaining supply is designated for the founding team and market makers.
Use cases: RMRK tokens can be used for curating NFT collections, paying successful commission fees for initial fundraising, ensuring that developers of NFT collectibles maintain a balance of at least 10 RMRK tokens, and covering transaction fees on the Karura chain.
In summary, RMRK is a cryptocurrency based on the Kusama blockchain, primarily used for NFT-related applications, providing a set of NFT building blocks and an eco-friendly NFT marketplace.
2. Who founded rmrk?
RMRK was founded by Bruno Škvorc in 2020. Bruno Škvorc was a technical educator at the Web3 Foundation at that time.
3. Which venture capital invested in rmrk?
According to the provided search results, it is not possible to directly identify which venture capital firms invested in the cryptocurrency RMRK. RMRK is an NFT protocol based on the Polkadot ecosystem, but the investment information for RMRK was not mentioned in the given search results.
If you wish to know more about RMRK’s investment details, it is advisable to directly visit RMRK's official website or relevant news articles for the latest information. Here are some potentially useful resources:
- RMRK official website: https://rmrk.app/
- RMRK's social media platforms (like Twitter, Medium, etc.)
Please note that investing in cryptocurrencies carries risks and should be approached with caution.
4. How does rmrk work?
RMRK is a cryptocurrency based on blockchain technology, primarily used in the NFT (non-fungible tokens) space. Here are the principles and characteristics of how RMRK operates:
NFT standard: RMRK is an open-source NFT 2.0 standard designed to address some pressing issues in the NFT domain. It provides a more complex and versatile NFT system, allowing users to create NFT systems of any complexity.
Kusama network: RMRK is based on the Kusama network, which serves as a public test chain for Polkadot. The decision-making and voting times on the Kusama network are shorter and more aggressive, enabling RMRK to innovate and experiment through lower-risk mechanisms.
Singular platform: The RMRK team developed an NFT trading platform called Singular based on Kusama. Singular supports all features of RMRK 2.0, offering more engagement and showcase abilities than Opensea.
Base and Part: RMRK introduces the concepts of Base and Part. A Base can be thought of as a parts catalogue from which an NFT can be constructed. Each part, known as a Part, can be either a slot type or fixed type, used for equipping and showcasing assets.
Abstraction and versatility: RMRK only manages the storage of connection relationships between NFTs and does not save the rendering methods of NFTs. This highlights the abstraction and versatility of RMRK, leaving the rendering layer to interpret the storage relationships.
Overall, RMRK provides a more flexible and versatile NFT system through its unique NFT standard and design based on the Kusama network, aiming to drive innovation and development in the NFT space.
