“The only way is up. It’s either you level up, or you level out.” We can all agree that this rule governs everything in our world, including the blockchain, which means the NFT space isn’t left out.

This evolution is evident in the shift from the era of owning ridiculously priced NFTs with zero useability to this modern era of owning utility-packed NFTs.

In pursuit of optimal functionality, the tech and standards behind NFTs are bound to evolve and adopt more sophisticated approaches to improving performance, usability, and implementation.

Evolution to NFT 2.0

The first generation(NFT 1.0) was a major technological breakthrough, but it was static, with unchangeable metadata after creation. It also had limited functions, robbed users of meaningful interactions, and was simply a store of digital assets.

These shortcomings led to the development of NFT 2.0, which is an evolution of the capabilities of NFT 1.0. While NFT 1.0 enables ownership of unique, tokenized digital assets, NFT 2.0 creates more possibilities. NFT 2.0 is an evolved concept that embraces a dynamic, multi-purpose, and interoperable approach to creating advanced NFTs with multiple applications. It enables owners to perform more things with their tokenized assets, including co-ownership, interactivity, fractionalization, and more.

RMRK NFT 2.0

The RMRK standard was founded in 2020 by Bruno Škvorc. It is a set of open-source NFT standards on the Polkadot and Kusama ecosystem that allows the creation of interactive and dynamic NFTs. This standard enables more complex data structures other than traditional digital JPEGS. On RMRK, NFTs represent music, art, RWA, etc, with advanced functionality.

See for more 👉🏻 https://evm.rmrk.app/

These tokens can be customized with multiple layers, each containing different attributes such as animations, sound, and text. The layers can be stacked on each other like legos, meaning you can put an NFT inside another NFT, equip an NFT with another, an NFT can own and become a parent to another NFT to create dynamic and interactive art pieces.

Sounds exciting right?

Features of RMRK Standards

The RMRK standards aim to create realistic and functional NFTs with which users can interact in various ways.

But what does this mean?

It simply means that the RMRK standard is giving users an upgrade from the mediocrity in the NFT space. It shifts the paradigm from NFTs being overpriced digital JPEGs with little or no utility to highly functional, utility-based NFTs with technical use cases.

Here’s a look at some of the innovative features that put RMRK ahead;

RMRK Legos

Legos are like the foundational building blocks, forming the basis for complex use cases for RMRK NFTs. They also facilitate the realization of specific concepts. Some of these are;

🔹Multi resource: this feature allows NFT to possess multiple assets and resources like images, videos, audio, or PDF files. The NFTs can then be programmed to display the most appropriate resource/asset based on the context it is being viewed.

For example, the multi-resource NFT of a song could contain the music, lyrics, cover art, and behind-the-scenes videos, users can decide to view the lyrics or cover art without listening to the song.

🔹Nestability: RMRK introduces a nesting feature, which enables the NFT to own several other NFTs. An NFT containing one or more “child” NFTs is considered a “parent” NFT. These child NFTs can nest other child NFTs, creating a nested hierarchy of digital assets. This feature is commonly used in the gaming industry as it makes it easy for the players to own power-ups and bundle NFTs together.

However, if the “child” NFT is no longer required, it can be rejected, abandoned, or transferred to a new parent NFT.

🔹Equipability: Unlike in NFT 1.0, the equipable property of RMRK NFTs allows them to equip and modify themselves with their children. It permits multi-faceted abilities in NFTs and more interactivity for users.

RMRK Extension

The RMRK extensions help users enhance the functionality of their NFTs. They often work in tandem with the foundational Legos.

🔹Emotablity: RMRK supports the ability to react to any NFT, enabling users to express their impression of the NFT using Unicode emojis.

For example, a user could use an emote to express their appreciation for an NFT they collected.

🔹Soul bound 2.0: these are non-transferable NFTs that are functional for reputation tracking and can’t be traded as they permanently assign some modifiers to an NFT. In RMRK, a transferable NFT can nest a non-transferable NFT inside it, just like a Kanaris can have a non-transferable gem that gives it long-lasting benefits and bonuses but can’t remove those gem.

See for more 👇🏼

https://youtu.be/2Qwpllwpkdg

RMRK Implementations

The potential of the RMRK standards is widespread as it encompasses notable aspects of the NFT ecosystem, ranging from art to music to real estate, etc. Some of the applications of RMRK NFT 2.0 include:

🔹Art: RMRK art NFTs are interactive digital art that may represent real-life artwork, licenses, avatars, etc. RMRK NFTs are usable for the creation of digital art that can change its appearance based on the viewer’s interaction or that can generate new art over time. It also allows fractional ownership of an artwork to enable multiple owners to own a portion of a piece of art.

For example, a user could interact with a digital painting to make it change colors, or they could collect other digital paintings that generate a new artwork when combined.

🔹Music: Music NFTs have started gaining traction in the NFT space. These NFTs can represent songs and albums that can be traded and owned by fans. It can also be in the form of other music-related assets like backstage passes, concert tickets, or merchandise. By using the conditional rendering feature of the RMRK standard fans can control the tempo, pitch, and other elements of the music.

🔹Gaming: NFTs in gaming have made a significant impact. With the RMRK standards, developers can create more dynamic and versatile in-game items that are upgradable, merged, and multi-resourced.

For example, in Evrloot, a player can combine two distinct NFTs to create a unique weapon or upgrade their weapons using already nested NFTs.

By utilizing the ability to nest, equip, and evolve, the NFTs built with the RMRK standards pave the way for more engaging and immersive gaming experiences for players.

Successful Projects Employing the 2.0 Standards

🔹Kanaria is a collection of NFT birds on Kusama that can be equipped with other standalone NFTs and have multiple assets.

🔹Singular is a decentralized NFT exchange that supports RMRK NFTs. It is making it easier for people to buy, sell, and trade RMRK NFTs.

🔹Evrloot is an action role-playing game (ARPG) that uses RMRK standards to create in-game items that are more dynamic and versatile than traditional in-game items. Players can collect and trade in-game RMRK NFTs items such as weapons, armor, and potions. These RMRK NFTs are upgradable and can be customized to create new in-game items.

Conclusion.

RMRK NFT standards represent a significant step forward for the NFT ecosystem. By enabling the creation of advanced NFTs with new and exciting capabilities, RMRK standards have the potential to revolutionize the way we interact with digital assets. I am excited to see what the future holds for RMRK and NFTs as a whole.

https://x.com/daureen_peters