Expanding NFTs 2.0: RMRK Adopts Tanssi's Appchain Infrastructure to Build its Own Customizable Chain
Tortola, BVI – June 8, 2023. Tanssi, an Appchain Infrastructure Protocol, announced today a strategic collaboration with RMRK, an innovative standard of NFTs 2.0, reputational avatars, and feeless transactions for everyday users. This collaboration with Tanssi equips RMRK to effectively deploy its own appchain within the Polkadot ecosystem, sidestepping the hurdles traditionally associated with independent development. This also opens the way for an RMRK appchain that was previously too costly and time-consuming to implement.
Tanssi's mission centers around simplifying the process of deploying appchains. When an appchain connects to Tanssi, it evolves into a 'ContainerChain.' This evolution provides access to an array of resources and services that enable optimized usage of block space resources and enhanced operational efficiency. In essence, Tanssi's protocol speeds up the transition from concept to deployment, enabling developers to focus on what really matters, their protocol logic and mechanisms.
RMRK's decision to leverage Tanssi for building its appchain stems from a desire to introduce unique customizations to the RMRK protocol. In a shared EVM environment, achieving these unique upgrades would be a challenging task. With Tanssi's assistance, RMRK can effectively replicate the functionalities of the Ethereum mainnet on their own chain while gaining the advantage of trustless connectivity and the capacity for message passing to other chains in the Polkadot network.
More importantly, this collaboration enables RMRK to utilize Substrate's modular framework. It means they can customize their chain, integrating their unique NFT standard directly into the chain's foundation. The result is a simplified process that creates a more efficient, secure, and interconnected platform for users.
"Making the move to collaborate with Tanssi is strategically beneficial for RMRK. It allows us to connect with all associated chains in a secure and trustless way, effectively eliminating common multichain issues. Furthermore, it enables us to import actions from different chains directly into the reputation system of the canonical RMRK chain in a trustless manner. As a result, we're able to maintain a cross-chain reputation system that is readily accessible for other apps and protocols. It's an innovative and efficient approach that promises to significantly enhance our network's reach and effectiveness," says Bruno Škvorc, RMRK Founder.
The versatility of Substrate opens new opportunities for RMRK for seamless upgrades and swift testing. This collaboration offers the chance to pioneer new reputation-based governance models, implement account abstraction, and establish feeless transaction structures. Collectively, these innovations lead to the creation of a chain that is not only user-friendly but also resilient against bot interference. It promotes fair governance, effectively addressing the needs of a broad user base.
By adopting a unique governance system that prioritizes reputation, protocol activity, and user engagement over token weight, RMRK is set to offer users an interactive, fair, and gamified experience. Within this ecosystem, users on the RMRK chain will possess the ability to own NFTs, which in turn, can hold other NFTs. This approach enables the on-chain representation of wallet reputations through evolving avatars that reflect user activity on the network. This governance structure not only favors active engagement but also promotes a balanced and inclusive environment, effectively mitigating the potential dominance of token whales and preventing the emergence of a plutocratic ecosystem.
“We are looking forward to collaborating with the RMRK team on helping them deploy their own chain. Given their expertise, innovation, and thought leadership within the NFT space, equipping them with the necessary infrastructure will allow them to accelerate development and unlock new possibilities. Substrate's customization capabilities enable them to bring to life unique features that would otherwise be unattainable. I believe this collaboration will help drive forward innovation within the NFT space across the entire industry,” says Francisco Agosti, Tanssi Co-Founder.
RMRK is set to infuse the Tanssi ecosystem with its unique NFT primitives, broadening the scope of functionalities and innovation while encouraging user engagement.
Here's a look at the innovative NFT features that RMRK brings to the Tanssi ecosystem:
Nestable NFTs: NFTs gain the ability to own other NFTs, expanding their utility.
Multi-asset NFTs: These NFTs can output different assets based on specific contextual information. For example, the same NFT could load a PDF if opened in a PDF reader or display an image in a virtual gallery.
Equippable NFTs: Also known as composable NFTs, these enable NFTs to equip owned NFTs for added utility or a change in appearance.
On-chain emotes: This feature allows social interactions with any NFT through the sending and rendering of received emotes (emoji reactions).
Conditional Rendering: NFTs gain the ability to output different client-side results based on certain on-chain or off-chain values.
NFTs as DAOs: This transformative feature allows NFTs to be fractionalized and governed by the community, effectively turning them into Decentralized Autonomous Organizations (DAOs).
These unique features are set to make the Tanssi ecosystem more dynamic and interactive, thereby opening up new possibilities for creativity within the blockchain space.
Community members are invited to keep informed and check for updates regularly. For more information about Tanssi, please head to tanssi.network.
About the Tanssi Network
Currently under development, Tanssi is an appchain infrastructure protocol that simplifies appchain deployment, making it secure, efficient, and easy while eliminating the lengthy and complex process of traditional blockchain implementation. Tanssi's permissionless and dev-friendly protocol provides developers with infrastructure tools and services to deploy appchains quickly and effortlessly. Additionally, the Tanssi protocol benefits from the shared security and native interoperability of the Polkadot relaychain. With a focus on practicality and efficiency, Tanssi accelerates the path from concept to deployment for developers. Learn more at tanssi.network.
The RMRK protocol is a system of NFT Legos which allows developers and designers to build composable, equippable, multi-asset NFTs 2.0, backwards compatible with ERC721, and forward compatible with whatever is published using these standards. The RMRK team recently finalized five ERCs, meaning their advanced infrastructure is now compatible with all EVM chains via ERC5773, ERC6059, ERC6220, ERC6381 and ERC6454. With RMRK tokens in the hands of the community, the protocol is to NFTs what Ethereum was to Bitcoin – a paradigm shift that takes a single thing’s single use case and dramatically augments it. To learn more about RMRK, visit the website at rmrk.app.