RMRK, an advanced NFT protocol project, announced that it has raised $6 million to build standard cross-chain NFT infrastructure in the Polkadot and Kusama ecosystems . Investors like D1 Ventures, YBB, PAKA, DFG among others are betting on NFT 2.0 as presented by RMRK.<\/p>\n\n\n\n
\u201cNFTs right now are digital assets gathering dust, expensive digital images that you keep in your digital wallet until the next NFT thing comes along,\u201d said Bruno \u0160kvorc , founder of the project and the Web3 Foundation. “We think they serve much more than that. NFTs can have long-lasting liquidity by being upgradeable and nestable within other NFTs, being able to react when people react to them with emotes, and being governed democratically through fractional ownership.” \u201d.<\/p>\n\n\n\n
By launching a \u201ccollectible seed offering,\u201d called Kanaria in Kusama , even without smart contracts, the RMRK team pioneered the crowdfunding approach to NFTs that raised a total of $2 million in egg-nft sales from limited edition. All buyers will also be entitled to an airdrop of the upcoming $RMRK token. The remaining 4 million was raised directly from investors according to the NFT 2.0 vision.<\/p>\n\n\n\n
RMRK is developing new standards to expand what NFTs can do:<\/p>\n\n\n\n
\u25cf NFTs that may be owned by other NFTs.<\/p>\n\n\n\n
\u25cf NFTs that can listen to orders or give them to their children.<\/p>\n\n\n\n
\u25cf NFTs such as DAOs that can, through fractional ownership, be controlled by a group.<\/p>\n\n\n\n
\u25cf NFTs that can react to emotions with conditional processing logic (send 50 rocket emoticons to a picture of the moon and it can show you a moon base).<\/p>\n\n\n\n
\u25cf NFTs that can have multiple resources at the same time (mix an e-book with an audio version, a PDF file and a high resolution cover: the environment it was uploaded to decides which part to upload automatically).<\/p>\n\n\n\n
With these \u201cart pieces\u201d in place, RMRK created an NFT operating system that makes NFT projects of arbitrary complexity possible.<\/p>\n\n\n\n
This potential for art pieces was recognized by key players in the Kusama and Polkadot ecosystems , as documented by RMRK on their official blog. Instead of filling up the already crowded space of ‘ parachains ‘, RMRK opted to add its technology to other chains. The project’s first runtime-based implementation will be with the Unique Network, a dedicated NFT parachain project in the Kusama and Polkadot ecosystems .<\/p>\n","protected":false},"excerpt":{"rendered":"
RMRK, an advanced NFT protocol project, announced that it has raised $6 million to build standard cross-chain NFT infrastructure in the Polkadot and Kusama ecosystems<\/p>\n","protected":false},"author":1,"featured_media":1046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10],"tags":[241,650,298,654,651,306,653,649,652],"class_list":["post-1045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","tag-digital","tag-ecosystems","tag-investors","tag-kusama","tag-nft","tag-nfts","tag-polkadot","tag-project","tag-rmrk"],"yoast_head":"\n