RMRK FAQ

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RMRK FAQ

Understanding NFTs

Why are some NFTs so expensive?

What is minting?

What is NFT 2.0?

Welcome to RMRK Wiki

Understanding the Platform

Understanding and Managing Identity

Understanding RMRK

What is RMRK—a company, program, or currency?

What is the difference between RMRK and KSM and how does it impact my use of Singular?

Where can I store my $RMRK tokens?

Can I stake my $RMRK tokens?

What is the utility of $RMRK tokens?

Will RMRK have its own blockchain?

Why is $RMRK moving away from Statemine?

Where can I find current partnerships with RMRK?

How can I move my xcRMRK tokens to and from Ethereum?

How to move RMRK from a Centralized Exchange (CEX) to Statemine

How to move RMRK from Statemine to Moonriver

Understanding Singular

What is the difference between Singular and Kanaria?

Is Singular eco-friendly?

Is there a priority status between RMRK and KSM, and will it affect how I sell my work?

Why you should mint on Singular

Managing Identity

What is the means of identification?

What is an on-chain identity?

Why should you create an on-chain identity?

How do you create an on-chain identity?

How to cryptographically sign a message

Creating, Selling, Listing, and Gifting NFTs

How to setup your wallet

How to mint an NFT

How to sell an NFT

How to gift an NFT

How to list, burn, and gift multiple NFTs in one transaction–batch operations

How many NFTs per collection?

Best practices for success

Tips for launching a successful collection

How to clone an NFT on Singular

How to accept a new resource on your NFT

Verification, Copyright, and Plagiarism

What is copyright?

What is plagiarism?

Singular verification and plagiarism

How do I get verified?

I can't view my Polkadot-JS account in Singular

What is Kanaria?

The Hou-ou Festival

All about genesis gems

I'm new. What is Skybreach?

What tech is used to build Skybreach?

Will Skybreach be in 3D?

Will I be able to interact with Skybreach on mobile?

On which chain will skybreach be built on?

My NFT is not built using RMRK protocol. Can I use it on Skybreach?

Where can I access metaverse land map?

Where will skybreach gaming components be hosted?

When will Skybreach be launched?

What are the utilities of gems in skybreach?

What can I do with land?

What are Skylands?

What is a biome?

How does world decay work?

How does adjacency bonus work?

How does movement work in Skybreach land?

What are harberger Taxes?

When will land sale begin?

Which wallet can I use for land sale?

Where can I get RMRK tokens for land sale?

Will all skylands be available for landsale?

What will be the price of land?

How do I participate in land sale?

I have a voucher. how do I use it?

What is the deadline for usage of land deed vouchers

Will kanaria owners be given land deed vouchers for sale of future skylands?

Do you have a referral program for land sale?

How do I make an offer for land?

How do I cancel an offer?

How do I retrieve my Escrowed Tokens?

Where can I learn about chunkies

Understanding NFTs

Why are some NFTs so expensive?

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There are some paintings worth millions of dollars while others are worth less than a penny. Why? A combination of factors, but the most important one is this:

We are human beings—social creatures who are controlled by subjective perception.

Some NFTs are ridiculously expensive because of the story behind them, either experienced, fabricated, or sold. Sometimes a thing is valuable because of:

Who made it

When it was made

What people think about it

The circumstances surrounding its early life

And a lot more. To define all the reasons is beyond the scope of this article.

It’s enough to know that they are expensive because people are willing to pay that much for it based on their subjective perception, even though that perception is heavily influenced by the world around them, particularly the media. Some people buy because of prestige, others because of speculation.

Whatever the reason for the outrageous prices, that is not all NFTs are about. Also, an artist doesn’t need collectors to buy their NFTs at such high prices for them to make a living with NFTs. Many artists on Singular have made a lot of money by selling many NFTs for reasonable prices.

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