RMRK Token Now Available On Ethereum

May 17, 2022 7:28 pm
RMRKwhich is token native to the groundbreaking NFT 2.0 protocol on Polkadot, has been awarded sufficiency on the Statemine common good chain. 
In addition to this, it is currently accessible on the Ethereum network by way of the Multichain bridge.

This new move by RMRK makes it the first Statemine token to be published on a centralized exchange and the first chainless Polkadot-ecosystem token to be transferrable to no fewer than three separate parachains.

Currently, RMRK is selling at $5.08 but the token’s all-time high is $66.98.

Crypto Briefing had more on the story:

he RMRK token, a token native to the revolutionary NFT 2.0 protocol on Polkadot, has been granted sufficiency on the Statemine common good chain, allowing payments to be made in that token rather than the chain’s native token (KSM). Additionally, it is now available on the Ethereum network through the Multichain bridge.

Trade and Mint NFTs Using RMRK
The self-execution of a code-change enacted by on-chain governance of the Kusama network, Polkadot’s wild cousin, took place on May 16th after being voted in on May 8th, and marks a historic precedent: for the first time, a non-native token can be used to pay transactions on the Statemine common-good parachain (blockchain connected to the Kusama relay-chain).

This news follows other firsts for the RMRK token, including being the first Statemine token to be listed on a centralized exchange, and the first chainless Polkadot-ecosystem token to be transferable to no less than 3 different parachains.

Cointelegraph got the scoop too:

he RMRK token, native to the revolutionary nonfungible token (NFT) 2.0 protocol on Polkadot, has been granted sufficiency on the Statemine common good chain, allowing payments to be made in that token rather than the chain’s native token Kusama (KSM). Additionally, it is now available on the Ethereum network through the Multichain bridge.

Sufficiency
The self-execution of a code-change enacted by on-chain governance of the Kusama network, Polkadot’s sister platform, took place today after being voted in on May 8, marking a historic precedent: For the first time, a non-native token can be used to pay transactions on the Statemine common-good parachain — i.e., blockchain connected to the Kusama relay-chain.

This news follows other firsts for the RMRK token, including being the first Statemine token to be listed on a centralized exchange (CEX), and the first chainless Polkadot-ecosystem token to be transferable to no less than three different parachains.

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