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RMRK, pronounced as “remark”, is a protocol built using the Kusama blockchain that allows users to build novel non-fungible token (NFT) systems. The protocol has focused on offering users the ability to develop NFTs that are multi-chain, forward-compatible, and have rich and interactive multimedia capabilities. RMRK’s architecture allows projects to implement NFTs directly on a Relay Chain without the need for smart contracts, introducing the so-called nested NFTs, which have innovative functionalities. These innovative functionalities are best described by RMRK’s 5 categories: nested NFTs, on-chain emotes, multi-resource NFTs, conditional rendering, and NFTs as DAOs.
According to the project’s website, each of the different NFT categories serves a different purpose. Nested NFTs are NFTs that can own other non-fungible tokens. On-chain emotes, allow for emoji-based social interactions with an NFT. Multi-resource NFTs allow for different functionality depending on differing scenarios. Conditional rendering allows for certain conditions to be pre-programmed into an NFT. Finally NFTs can be given fungible qualities so that they can be used within decentralised autonomous organisations (DAOs).
Supporting the RMRK NFT ecosystem is the native RMRK token, which was first distributed via airdrop to holders of the original Kanaria NFTs - the project’s first offering. The token is used as a medium of exchange for the entire ecosystem, which includes minting, trading, and interacting with the protocol’s future NFT selection. The token will also be used as the currency within the upcoming RMRK metaverse.
RMRK (RMRK) is the 458th largest cryptocurrency in the world by market cap, valued at $47,109,329. The current price of RMRK is $7.0642, which is -9.418% lower than yesterday. Prices have ranged between $8.0795 and $6.8068 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2022 11:05 UTC.
| Coin symbol | RMRK |
|---|---|
| Coin Marketcap | AUD$47,109,329 |
| Total RMRK supply | 10,000,000 |
| Circulating RMRK | 9,500,000 |
| Current price | AUD$7.0642 |
| All time high | AUD$135.4067 |
Historical prices compared with the price of $7.0642.
| 1 hour | -1.51% |
|---|---|
| 24 hours | -9.42% |
| 7 days | -35.02% |
| 14 days | -46.03% |
| 30 days | -66.09% |
|---|---|
| 60 days | -64.63% |
| 200 days | -42.81% |
| 1 year | N/A |
Disclaimer: Cryptocurrencies, including RMRK, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RMRK is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the RMRK or any other cryptocurrency discussed.
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