RMRK Sharply Declines 10 Percent: Here Is What You Should Know About It

RMRK, an advanced NFT protocol project, announced today that it has raised US$ 6 million to create a standard NFT interconnection infrastructure in the Polkadot and Kusama ecosystem. Investors such as D1 Ventures, YBB, PAKA, DFG, and others are betting on the NFT 2.0 presented by RMRK. By launching a gamified “initial collector’s offering” called Kanaria on Kusama, even without smart contracts, the RMRK team pioneered the NFT crowdfunding approach, which brought them a total of US$ 2 million in limited NFT egg sales. All egg buyers will also be eligible to receive the RMRK token.

RMRK.app (RMRK) Skyrockets 103%: Here Is What You Should Know About It – Own Snap

The remaining 4 million were raised directly from investors based on the vision of NFT 2.0. This potential of artistic lego was recognized by key players in the Kusama and Polkadot ecosystem, as documented in the official RMRK blog. Instead of filling the already crowded blockchain space, RMRK chose to add its technology to other chains – the very first deployment of a runtime-based project will be with Unique Network, a specialized NFT blockchain project in the Kusama ecosystem (KSM) and Polkadot (DOT).