NFT Review #2

RMRK launches Kanaria and Singular. Netflix enters the NFT craze. Fox launches a blockchain project.

NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and Gilbert Bassey.

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Looking for a primer on NFTs? This should be the last introduction you’ll ever need.

📮 RMRK Ecosystem Updates

RMRK launches Kanaria

In March, the RMRK team launched Kanaria, a fundraiser for the RMRK Association which distributes unique NFT eggs that will hatch into unique and rare Kanaria birds (canaries) with special upgradable traits. These birds are composable limited-edition NFTs (max 9999) that can evolve with the platforms around them, and offer permanent platform benefits to their holders, based on some traits they own. They also entitle their owners to a fairdrop of $RMRK tokens. All 9,999 eggs are grouped into four categories with varying benefits. The team put out a number of articles to cover everything about Kanaria:

FUN FACT: In developing the birds' full functionality, the RMRK team accidentally built the most advanced NFT system in the world by creating "art legos" that let you build an NFT system of arbitrary complexity:

  • NFTs owning NFTs

  • NFTs governed as DAOs via shareholder tokens (issue commands to NFTs democratically) (coming when we transition to Unique)

  • NFTs having multiple priority-ordered client-dependent resources (a book with a cover and an audio version)

  • NFTs being emoted to (on-chain emotes), allowing early price discovery without listing, selling, bidding.

  • NFTs with conditional rendering (on-NFT logic allowing different visuals and resources to trigger depending on on-chain and off-chain conditions).

RMRK partners with Karura, Moonriver, Khala, and more

With Kusama parachain auctions around the corner and crowdloans already pre-happening, the RMRK team has been able to secure some additional benefits for Kanaria egg holders in various Substrate-based ecosystems—Karura (Acala’s canary network), Khala (Phala’s canary network), ZeitgeistUnique Network, and Bit.Country.

DAO votes to reduce the number of hatchlings needed to hatch an egg from 10 to 3

The Kanaria DAO, the first DAO on Kusama (excluding Kusama itself and Kappa Sigma Mu) successfully voted on its first proposal: reducing the number of required hatchling 🐣 emoji to make an egg viable for hatching from 10 to 3. This was a landmark achievement because it was the first time an NFT DAO voted with the power of their NFTs.

RMRK launches Singular

After a long wait, the RMRK team was proud to launch Singular, its official NFT minting and trading UI. The interface lets users mint NFTs, list them for sale, trade with others, and even send emotes to theirs or other people's NFTs. All in all, it is a RMRKable NFT experience that you can only appreciate by trying it for yourself.

Egg burnings, bird hatchings, and a lot of fun!

On June 1st, a one-of-a-kind event, the Hou-ou festival, will be taking place on Kusama. During this 30-day event, all unclaimed Kanaria eggs will be burnt, while the claimed eggs will hatch into magnificent-looking birds. After the 30th day, all eggs (9,999) will be burnt or hatched into a bird (if claimed).

Hatching tip for egg holders: every egg needs to collect at least 3 🐣 emojis (emotes) before it can hatch!

📬 NFT News from Kusama & Polkadot

  • Kodadot, a community-owned NFT market explorer that created its NFT Gallery using RMRK standard, released a digest of their achievements so far in this post. The most notable is the launch of Metaprime, an experimental NFT landscape parachain on Kusama.

  • Substrapunk hodlers were rewarded with an airdrop of limited edition Kanaria eggs on the date of the snapshot (Sunday, March 28th)

🗞 NFT News from Ethereum and Beyond

  • Media and entertainment juggernaut Fox (yes, that Fox) is launching an NFT company called Blockchain Creative Labs. The company’s debut NFT project will be an animated comedy created by Rick and Morty creator Dan Harmon—Krapopolis.

  • In April, Toonbox Animation studios launched an NFT-Financed Animated Series ‘Take My Muffin’. Sales are currently on for the series’s NFT tokens which will grant holders access to all the development materials from the series as well as sub-governmental tokens.

  • Big Time Studios is raising $21million to bring NFTs to game economies. The company is famed for the rising NFT adventure game Big Time and is steered by former Decentraland CEO Ari Meilich. The goal of the company is to get triple-A game companies to adopt cryptocurrency and NFT technology. To prove that their model works, they are first building their own action role-playing game that enables players to acquire, hold, and trade NFT-based virtual items without the barriers present in most blockchain applications.

  • This summer, Sorare, the global fantasy game, is launching “a new international tournament for the Copa America and the Euros” called Global Nations.

That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!