[STARTUPS 101]: RMRK – A Remarkable NFT System For Smart Contracts

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Image by mmi9 from Pixabay

NAME OF STARTUP: RMRK.app

THE IDEA: What is the problem being solved by your startup / business?:

It shifts the NFT paradigm from assets that collect digital dust in their owners’ wallets to NFTs that have a long lasting use, that can evolve over time, and that create a system of art legos making highly complex and extremely creative NFT projects possible.

THE FOUNDER’S STORY: When and how did you come up with the idea for the business?:

Bruno joined the blockchain ecosystem in 2015 with the advent of Ethereum. Having worked on education for a few years and after a few side projects, he joined Status on an Ethereum 2.0 adventure.

In 2019 he joined the Web3 Foundation, the foundation behind the Kusama and Polkadot blockchains. In August of 2020 he recognized the coming NFT craze and built a protocol on Kusama network for smart-contract-less NFTs called RMRK. The RMRK protocol is now how to all of Polkadot’s NFT content and is growing at a rapid pace.

WHO IS THE CUSTOMER: What is the typical profile of your target customer? Where would they be located?:

Developers, blockchain enthusiasts, blockchain investors, NFT makers, NFT collectors, art enthusiasts

LESSONS TO SHARE: What 3 key lessons from your startup journey you’d like to share with aspiring entrepreneurs?:

RMRK is the most advanced NFT system in existence. It allows NFTs to own other NFTs, NFTs to decide what to show you depending on some conditions, NFTs to collect emoticons from users as an early price discovery mechanism, and NFTs that can be governed like DAOs using their fungible shareholder tokens.

City: Baarerstrasse , Zug, Switzerland

Website URL: https://rmrk.app

Number of Employees: 1-5

Company / Founder’s LinkedIN URL: https://www.linkedin.com/in/swader/