Moonbeam Has Announced Integration With RMRK

Published on: 13.11.2021

This collaboration is to develop Solidity standards for RMRK-based Kusama assets. This will also allow Moonriver and other EVM chains to work with RMRK NFT infrastructure, providing advanced features for NFT developers, creators, and collectors across the Kusama ecosystem.

Moonriver is the first EVM to host RMRK-based NFTs, bringing RMRK’s advanced NFT functionality to the broader MOVR ecosystem. Moonriver is a natural expansion point since it has dozens of NFT projects already deployed, with many more on the way. Moonriver natively supports ERC-721 and ERC-1155 standard NFTs positioning it as the top destination for Ethereum-compatible NFTS with the largest number of deployed protocols and users.

Through this integration, Moonriver developers will be able to leverage RMRK’s building blocks to construct advanced NFTs without having to write smart contract code. Unlike traditional ERC721 NFTs, RMRK NFTs can evolve over time, own or equip other NFTs, and change their output based on emotes and other creator specified rules. They are also inherently multi-chain which is a natural fit for Moonriver, and they can be governed as DAOs through derived fungible tokens.

Users will also be able to establish an item economy for their project, as well as cross-project compatibility. RMRK assets will be able to move freely on Moonriver marketplaces in the future. The very first cross-project integrations are already planned, and so the popular NFT collection MoonSama on the Moonriver network will be able to equip and visualize certain NFTs that originated on the Kusama blockchain as part of another project entirely.

About Moonbeam Network

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot.

About RMRK

The RMRK protocol is a system of NFT Legos which allows developers and designers to build composable, equippable, multi-resource NFTs which are multi-chain by default by virtue of being launched on Kusama, the center of a multi-chain universe.

➡️Source:
https://moonbeam.network/announcements/rmrk-logic-coming-to-moonriver/

Market Stats:
BTC Dominance: 53.25%(+0.52%/24h)
ETH Dominance: 16.67%(-0.37%/24h)
Defi Market Cap: $86.55B(+24.33%/24h)
Total Market Cap: $2326.51B(-1.97%/24h)
Total Trading Volume 24h: $63.9B(+20.01%/24h)
ETH Market Cap: $387.86B
Defi to ETH Ratio: 22.32%
Defi Dominance: 3.53%
Altcoin Market Cap: $1087.53B
Altcoin Volume 24h: $40.02B
Total Cryptocurrencies: 29454
Active Cryptocurrencies: 9846
Active Market Pairs: 82573
Active Exchanges: 754
Total Exchanges: 8398
BTC: 62861.19$(0.99%/1H)
ETH: 3175.25$(1.23%/1H)
AVAX: 34.77$(3.23%/1H)
BNB: 590.71$(0.82%/1H)
MATIC: 0.71$(2.22%/1H)
FTM: 0.72$(1.49%/1H)
ADA: 0.46$(1.25%/1H)
DOT: 6.61$(1.36%/1H)
UNI: 7.65$(1.26%/1H)
CAKE: 2.69$(0.67%/1H)
SUSHI: 1.02$(1.31%/1H)
ONE: 0.02$(1.77%/1H)