RMRK
RMRK is an advanced NFT protocol enabling dynamic, multi-functional, and interoperable digital assets across multiple blockchain platforms.
What is the RMRK NFT standard?
RMRK is a cutting-edge NFT protocol designed to operate across multiple blockchain platforms. Unlike traditional NFTs, which are often static and limited in capabilities, RMRK provides a robust framework for creating dynamic and interactive digital assets. This protocol supports the creation of complex, multi-functional NFTs that can evolve and interact with their environment.
As the NFT ecosystem evolves, RMRK distinguishes itself with groundbreaking features that offer unprecedented functionality and flexibility.
This article explores RMRK, its unique features—such as nested NFTs, conditional rendering, multi-asset NFTs, composable and equippable NFTs, Soulbound 2.0, Emotable NFTs, ERC-20 Token Holder, and on-chain attributes—and how it differentiates itself from other NFT protocols.
Unique Features of RMRK
Nested NFTs
Definition: Nested NFTs allow one NFT to own other NFTs. This hierarchical structure enables the creation of complex assets where a parent NFT can hold multiple child NFTs. Example: In a game, a character (parent NFT) can own various items like weapons, armor, and pets (child NFTs). Each item can be traded or upgraded independently.
Multi-Asset NFTs
Definition: Multi-asset NFTs can include multiple types of media or data assets within a single NFT. This allows an NFT to be represented in various formats and contexts. Example: A single NFT that can display a 2D image, a 3D model, an audio track, and a text description. Depending on the platform or application, different assets can be accessed and utilized.
Composable and Equippable NFTs
Definition: Composable NFTs can be equipped with other NFTs, enhancing their functionality or appearance. Equippable NFTs allow specific parts of an NFT to be replaced or upgraded. Example: In a game, a character NFT can equip various items like swords, shields, and armor. These items can be swapped out or upgraded as the player progresses.
Soulbound 2.0
Definition: Soulbound NFTs are non-transferable and are permanently bound to a specific wallet or NFT. Soulbound 2.0 introduces enhanced functionalities and conditions for these NFTs. Example: Achievements or certifications that are permanently associated with a user’s profile and cannot be transferred or sold.
Emotable NFTs
Definition: Emotable NFTs allow users to attach reactions or emotions to NFTs, creating a more interactive and social experience. Example: Users can react to a digital artwork with emojis or comments, enhancing community engagement around the NFT.
On-Chain Attributes
Definition: On-chain attributes allow dynamic data and properties of NFTs to be stored directly on the blockchain, ensuring immutability and transparency. Example: A game character’s attributes such as strength, agility, and intelligence are stored on-chain and can be updated based on the character’s progress.
ERC-20 Token Holder
Definition: This feature extends NFTs to hold ERC-20 tokens, integrating fungible tokens within non-fungible tokens. Example: An NFT representing a virtual real estate property that also holds a certain amount of in-game currency (ERC-20 tokens).
How RMRK Stands Out
Interoperability: RMRK is designed to work seamlessly across different blockchain platforms, ensuring broad compatibility and reach. This cross-chain functionality makes RMRK a versatile choice for developers and creators looking to expand their audience and market.
Flexibility and Customization: The advanced features of RMRK, such as nested NFTs, multi-asset capabilities, and more, offer creators unparalleled flexibility. Artists, developers, and collectors can customize and interact with their NFTs in ways that were previously impossible.
User Experience: RMRK focuses on enhancing the user experience by providing tools and functionalities that make NFTs more engaging and interactive. Whether through dynamic art pieces or complex in-game assets, RMRK aims to push the boundaries of what NFTs can offer.
RMRK has developed dApps for an enhanced user experience:
- Singular.app: NFT marketplace
- Upgradooor.app: Supercharge ERC721 NFTs into Modular NFTs
- Mintaur.app: Create NFTs without upfront costs
- Emotes.app: React with on-chain emotes in any NFT
- Skybreach.app: Metaverse gaming to showcase everything RMRK tech can do
Token Utilities in the RMRK Ecosystem
By leveraging RMRK tokens, users can benefit from reduced fees, earn in-game currencies, verify their collections, and access exclusive items. These utilities not only provide economic incentives but also foster a vibrant and interactive community. In this section, we will explore the various ways RMRK tokens can be utilized to maximize their potential within the RMRK ecosystem.
- Reduced Fees for Minting and Trading Modular NFTs: Users can enjoy reduced fees (normal fee is 3.5%, discounted fee is 1.95%) on Singular and other RMRK dApps when using $RMRK tokens for minting and trading modular NFTs.
- Stake $RMRK to Earn $SILA: Stake $RMRK tokens to earn $SILA, an in-game currency used for various actions within Skybreach.
- Trade NFTs on Secondary Market: Utilize Singular to trade NFTs on the secondary market seamlessly.
- Collection Verification: Hold 10 $RMRK tokens to verify and authenticate your collection on Singular.
- Exclusive In-Game Items: Acquire special, limited-period in-game items in Skybreach by using $RMRK tokens.
Limitless Possibilities with the RMRK NFT Building Block System
RMRK’s ERC NFT standards unlock the true potential of NFTs, tailored to work with each other. These EVM smart contracts help create NFT projects of varying complexity.
ERC-5773: Multi-Asset NFTs
Create NFTs with multiple outputs such as mixed media NFTs, revealable NFTs, ticketing systems, cross-game skins, and NFT metadata backup.
ERC-7401: Nestable NFTs
Enable NFTs to own other NFTs, useful for NFT bundles, Soulbound NFTs, and equippable NFT inventories.
ERC-6220: Composable NFTs with Equippables
Create NFTs with fixed and equippable parts, customizing NFTs dynamically for avatars, characters with experience, and editable music.
ERC-7409: Emotable NFTs
Allow users to attach on-chain emojis to NFTs, retaining social proof and enhancing engagement.
ERC-6454: Soulbound NFTs
Bind NFTs to a user or another NFT, making them non-transferable for unique applications like personal achievements and certifications.
ERC-7508: On-Chain Attributes
Store ERC-721 and ERC-1155 attributes directly on-chain, ensuring transparency and immutability.
ERC-7590: ERC-20 Holder
Integrate ERC-20 tokens within NFTs, expanding the functionality and value of digital assets.
The RMRK ecosystem offers a comprehensive suite of tools for artists, developers, and collectors, simplifying the creation of advanced NFTs through no-code tools on platforms like Singular.app, the official marketplace for RMRK Modular NFTs.
Explore the projects:
- Singular NFT Marketplace: The official marketplace for RMRK’s Modular NFTs.
- Kanaria NFT Collection: Collectibles with advanced Modular NFT features.
- Kanaria Skybreach Metaverse: A decentralized metaverse utilizing RMRK Modular NFTs Tech.
Conclusion
RMRK is a transformative force in the digital asset space, setting new standards for what NFTs can achieve with its unique features and forward-thinking approach. As the potential of digital assets continues to be explored, RMRK stands ready to lead the charge, offering tools and functionalities that empower creators and engage users like never before.
