RMRK is advancing Web3’s NFT approach through a growing set of NFT building blocks, currently accessible in EVM settings. These components enable NFT collections of any complexity to utilize new features such as multi-asset, nestable, equippable, emotable, and nestable-soulbound NFTs.
Originating from the Substrate ecosystem in early 2021, the protocol adopted several Ethereum Improvement Proposals by 2022, specifically ERC-5773 and ERC-6059. This integration allows for multi-asset and nestable NFTs on the Ethereum Mainnet and throughout EVM environments.
The native utility token, $RMRK, serves multiple purposes:
- Acting as currency within RMRK metaverses like Skybreach
- Serving as currency on the official RMRK marketplace, Singular
- Blocking fungible token spam
- Facilitating curation in NFT galleries
- Governing platform-wide settings
- Curating products launched by RMRK that may not be NFT-related
- Providing collateral in DeFi systems such as Karura and others
- Abstracting the multi-chain structure by using RMRK tokens to mint, trade, and interact with ecosystem NFTs
- Enabling whitelabeling of RMRK applications and products
- Funding accounts for use with tools like BadCall via $RMRK tokens
Available RMRK resources include:
- Tools for interacting with NFTs via command line and web applications
- The RMRK specification for creating custom implementations
- Pinning utilities for IPFS that regularly remove obsolete pins from providers like Pinata
- An independent, embeddable renderer designed for RMRK2 composable NFTs