RMRK is revolutionizing Web3's broader NFT strategy with a growing set of NFT building blocks, now accessible in EVM environments. These building blocks enable NFT collections of any complexity to utilize newly available multi-asset, nestable, equippable, emotable, and nestable-soulbound NFTs.

The protocol originated from the Substrate ecosystem in early 2021 and has recently implemented several Ethereum Improvement Proposals, including ERC-5773 and ERC-6059, which enable multi-asset and nestable NFTs on the Ethereum Mainnet and across EVM environments.

$RMRK serves as the native utility token used for:

• Currency within RMRK metaverses like Skybreach
• Currency within the official RMRK marketplace, Singular
• Preventing spam of fungible tokens
• Curation in NFT galleries
• Governance of platform-wide parameters
• Curation in RMRK-launched but not necessarily NFT-related products
• Collateral in DeFi protocols like Karura and others
• Abstracting the multi-chain architecture: using RMRK tokens to mint, trade, and interact with NFTs in our ecosystem
• Whitelabeling RMRK products and apps
• Using $RMRK tokens to fund your account for applications like BadCall

RMRK tools include:

• RMRK tools for interacting with NFTs through the command line and web apps
• RMRK specification for creating your own implementation
• RMRK pinning tools for pinning IPFS and regularly cleaning outdated pins from services like Pinata
• A standalone, embeddable renderer for RMRK2 composable NFTs

Out of the total 10,000,000 $RMRK supply, 88% of the tokens were distributed fairly to the community members who purchased Kanaria eggs.

Of the remaining 11% tokens, 5% are locked for the founding team, and the rest is loaned out to market makers for exchange liquidity. There is no inflation, and there is no buyback program due to the extensive utility of the token within the RMRK ecosystem.

RMRK was founded in August 2020 by Bruno Škvorc, who was then a technical educator at Web 3 Foundation. The team expanded to four members in February 2021 and registered as a Swiss Verein. Bruno Škvorc, Yuri Petusko, Ilia Dvornikovs, and Yuri Girjanskis collectively developed the specification and tools for RMRK and RMRK 2.0, which now form the foundation of the most advanced NFT system in the world.

For more information about RMRK and the $RMRK token, including its utility within the Substrate ecosystem, please visit https://singular.app/tokens.

RMRK is revolutionizing Web3's wider NFT strategy by introducing a suite of NFT legos that can now be utilized in EVM environments. These legos enable NFT collections of any complexity to leverage newly available multi-asset, nestable, equippable, emotable, and nestable-soulbound NFTs.

The protocol originated from the Substrate ecosystem in early 2021 and has recently implemented several Ethereum Improvement Proposals, including ERC-5773 and ERC-6059. This implementation allows for the creation of multi-asset and nestable NFTs on the Ethereum Mainnet and across various EVM environments.

$RMRK serves as the native utility token for:

• Being the currency in RMRK metaverse(s) like Skybreach
• Being the currency in the official RMRK marketplace, Singular
• Preventing spam of fungible tokens
• Curating NFT galleries
• Governing platform-wide parameters
• Curating RMRK-launched products that may not be NFT-related
• Serving as collateral in DeFi protocols like Karura and others
• Abstracting the multi-chain architecture by using RMRK tokens to mint, trade, and interact with NFTs in the ecosystem
• Whitelabeling RMRK products and apps
• Funding your account with $RMRK tokens for use with applications like BadCall

RMRK tools include:

• RMRK tools for interacting with NFTs through the command line and web apps
• RMRK specification for creating your own implementation
• RMRK pinning tools for pinning IPFS content and cleaning outdated pins from services like Pinata
• A standalone, embeddable renderer for RMRK2 composable NFTs

Out of the total 10,000,000 $RMRK supply, 88% of the tokens were fairdropped to the community members who purchased Kanaria eggs.

The remaining 11% of tokens include 5% locked for the founding team and the rest loaned out to market makers for exchange liquidity. There is no inflation, and there is no buyback program due to the extensive utility of the token within the RMRK ecosystem.

RMRK was initiated in August 2020 by Bruno Škvorc, who was then the technical educator at Web 3 Foundation. In February 2021, the team expanded to include Yuri Petusko, Ilia Dvornikovs, and Yuri Girjanskis. Together, they developed the specification and tools for RMRK and RMRK 2.0, which now form the foundation of the most advanced NFT system worldwide.

To learn more about RMRK and the $RMRK token's utility in the Substrate ecosystem, please visit https://singular.app/tokens