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RMRK Stock

RMRK

RMRK

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RMRK Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateRMRK/USDT0.030049,164.680cex16/3/2025, 11:19 AM
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RMRK FAQ

### What is the RMRK Protocol (RMRK)? The RMRK Protocol is an innovative cryptographic platform that embodies a suite of standards on the Kusama blockchain. It facilitates the creation of highly interactive and customizable non-fungible tokens (NFTs). RMRK broadens the scope of what NFTs can achieve by allowing them to be equipped with dynamic features that are not typically associated with standard NFTs. By utilizing nested NFTs, conditional rendering, and remote asset loading, the protocol achieves a groundbreaking level of flexibility and functionality. Furthermore, the RMRK Protocol enables creators and developers to build NFT-based applications with a higher degree of artistic and interactive depth, supporting unique use cases in gaming, virtual worlds, and beyond. Users can stake or lock RMRK tokens to access enhanced features and participate in governance decisions, allowing the community to have an active role in shaping the protocol's development. For more comprehensive information on the RMRK Protocol, including real-time market data, token metrics, and detailed analyses, please refer to Eulerpool.

RMRK is advancing the broader NFT strategy within Web3 through a developing suite of NFT legos, now accessible in EVM environments. These legos facilitate the creation of NFT collections of arbitrary complexity, leveraging the new possibilities of multi-asset, nestable, equippable, emotable, and nestable-soulbound NFTs. The protocol originated from the Substrate ecosystem in early 2021, and as recently as 2022, it has implemented a variety of Ethereum Improvement Proposals, including ERC-5773 and ERC-6059, enabling multi-asset and nestable NFTs on the Ethereum Mainnet and across EVM environments. $RMRK serves as the native utility token and is utilized for the following purposes: * Serving as currency in the RMRK metaverse(s), such as Skybreach * Acting as currency in the official RMRK marketplace, Singular * Preventing spam involving fungible tokens * Facilitating curation in NFT galleries * Governing platform-wide parameters * Enabling curation in RMRK-launched, non-NFT-related products * Serving as collateral in DeFi protocols like Karura and others * Providing abstraction of the multi-chain architecture by using RMRK tokens to mint, trade, and generally interact with NFTs within our ecosystem * White-labeling of RMRK products and applications * Funding user accounts for applications like BadCall through the use of $RMRK tokens RMRK tools consist of: * Tools to interact with NFTs via command line and web applications * A specification for developing custom implementations * Pinning tools for IPFS, which also regularly clean outdated pins from services like Pinata * A standalone, embeddable renderer for RMRK2 composable NFTs You can find more information about RMRK on Eulerpool.

What is the Current Circulation of $RMRK Tokens?

Of the 10,000,000 RMRK token supply, 88% was distributed to the community through a fairdrop to those who purchased Kanaria eggs. From the remaining 11% of tokens, 5% are reserved for the founding team and the rest is allocated to market makers to provide exchange liquidity. The token has a non-inflationary structure. Additionally, there is no buyback program, given the significant utility of the token within the RMRK ecosystem.

Who Founded RMRK?

RMRK was initiated in August 2020 by Bruno Škvorc, who was serving as a technical educator at the Web 3 Foundation at the time. In February 2021, the team expanded to include four members and was registered as a Swiss Verein. The team, consisting of Yuri Petusko, Ilia Dvornikovs, Yuri Girjanskis, and Bruno Škvorc, collaboratively developed the specifications and tools for RMRK and RMRK 2.0. This platform now serves as the foundation for the most advanced NFT system globally.

Where Can RMRK Be Purchased?

For detailed information on RMRK and the $RMRK token, including its utility within the Substrate ecosystem, please visit https://singular.app/tokens. Additionally, refer to Eulerpool for further insights.

Investors interested in RMRK are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.