RMRK
About the Company
RMRK is a blockchain-based business that enhances NFT technology on the Kusama and Polkadot ecosystems. The company’s mission is to offer an advanced, eco-friendly NFT system that bypasses traditional smart contracts, providing a unique approach to blockchain functionality. RMRK's platform, Singular UI, enables users to mint and trade NFTs while aligning with Kusama's cypherpunk ethos. By focusing on compatibility with existing standards and expanding partnerships within the blockchain ecosystem, RMRK aims to revolutionize the NFT market.
RMRK currently employs 18 team members and has partnered with notable blockchain projects like Acala and Moonbeam. The company leverages its expertise in blockchain infrastructure and the rising popularity of NFTs to deliver a seamless, innovative user experience. With a capped supply of $RMRK tokens, the business is positioned for long-term growth and influence in the NFT space.
Idea Behind Company
Bruno Škvorc’s experience with blockchain technology and the 2017 NFT craze inspired him to create RMRK. Recognizing Kusama’s artistic and community-driven nature, Bruno sought to integrate NFTs into its ecosystem despite Kusama’s lack of smart contract capabilities. His innovation, the "system remark," allowed NFTs to exist on Kusama without relying on smart contracts.
RMRK’s approach aimed to offer a cheaper, environmentally friendly alternative to Ethereum-based NFTs. The system’s eco-efficiency resonated with users seeking sustainable blockchain solutions. Bruno’s vision was fueled by the rising demand for blockchain-based self-expression and the opportunity to advance NFT functionality, enabling complex, upgradeable digital assets.
Creating the Company
Building RMRK required substantial effort in design, prototyping, and fundraising. Bruno envisioned a standard compatible with Ethereum's NFT frameworks while introducing novel features like "art legos," upgradeable NFTs that execute custom functionalities. Securing a team was critical, as was raising $350,000 through an initial collectible offering, enabling development and regulatory compliance.
Bruno self-financed the company’s early stages, crafting innovative solutions that merged functionality with creativity. The process involved creating scalable tools and overcoming technical hurdles inherent to 24/7 blockchain operations. These efforts culminated in the successful launch of RMRK’s NFT ecosystem, setting a high bar for blockchain innovation.
Launching the Business
RMRK debuted its NFT platform with "Kanaria," an NFT launchpad and collectible offering system. The project introduced gamified elements such as NFT eggs that evolved based on user interactions. By incentivizing engagement through features like emoticons and leaderboards, RMRK captivated its audience. Partnerships with ecosystem leaders further enhanced the platform's utility, driving early success.
Bruno’s strategic reinvestment of funds into product development, regulatory approvals, and marketing proved effective. The team overcame challenges like KYC compliance, maintaining focus on long-term sustainability. Creative campaigns, partnerships, and eco-friendly messaging played key roles in attracting users and investors.
Earnings
RMRK generates approximately $30,000 in monthly revenue, with an annual projection of $500,000 for 2021. Profits are bolstered by strategic investments, earning 10-15% returns on seed funding while covering operational expenses. The company also benefits from innovative marketing strategies, such as Brave ads, which delivered significant returns and boosted visibility.
RMRK’s financial success stems from its scalable approach and robust partnerships. The capped supply of $RMRK tokens and expanding platform integrations position the company for sustained growth. With plans to enhance its NFT offerings and expand its team, RMRK is on track to solidify its status as a leader in the NFT ecosystem.
