Rarible, the popular NFT aggregator platform, has recently added support for Tezos and Polygon NFTs. This move marks an important milestone in the NFT space, as it brings two major blockchains into the Rarible ecosystem.
Tezos and Polygon
Tezos and Polygon are two of the most popular blockchain networks for NFTs and are known for their low fees and fast transaction times.
By adding support for these blockchains, Rarible makes it easier for NFT creators and collectors to buy and sell NFT on its platform.
Starting today, we are expanding our aggregation capabilities to welcome @tezos into the family.
Tap below to get started! 👇https://t.co/FDC6lc6WdA
— Rarible (@rarible) February 16, 2023
This move is expected to bring more liquidity to the NFT market and make it more accessible to a wider audience.
One of the key benefits of adding support for Tezos and Polygon is the ability to offer cross-chain compatibility. This means that users can now trade NFTs across different blockchains, without having to go through a centralized exchange. This is a significant step forward for the NFT ecosystem, as it allows for greater interoperability and flexibility.
To enable this cross-chain functionality, Rarible has integrated with the Polygon Bridge, which allows for seamless token transfers between Ethereum and Polygon.
This integration will allow users to buy and sell NFTs on Rarible using Polygon, while still benefiting from the security and reliability of the Ethereum network.
Famous artists such as XCOPY, Blake Kathryn, Killer Acid, Fvckrender, John Karel, and others have been minted on the platform. Major brands such as McLaren and the California Department of Motor Vehicles have also adopted Tezos for their environmental friendliness.
The automaker McLaren and the state agency California Department of Motor Vehicles have also chosen Tezos for its status as one of the leading “green” blockchains.
Rarible is a community-focused NFT marketplace, a characteristic it shares with Tezos. The two platforms have also made a unified decision to always respect creators’ royalties, joining companies such as OpenSea and ImmutableX.
This expansion comes at a time when the NFT market is just beginning to recover from the negative effects of the cryptocurrency winter. NFTgators reached out to Alex Salnikov, Chief Strategy Officer and co-founder of Rarible for comment on the company’s latest initiatives.
“The NFT space is coming to an inflection point and I believe that when the market comes back, it will come back stronger than previous years, with even more use cases and utility. This is why we continue to push forward and maximize our product offerings, such as our aggregate market, to provide our users with the best possible NFT buying and selling experience,” Salnikov said.
In addition to cross-chain compatibility, Rarible has introduced several new features to its platform to enhance the user experience. One of the most important features is the ability to create and sell fractional NFTs, which allows for shared ownership in a single NFT.
This feature is expected to be particularly popular for high-value NFTs, as it will allow multiple investors to own a fraction of the asset.
Rarible has also introduced a new royalty payment system, which allows NFT creators to earn a percentage on each subsequent sale of their NFT. This is an important improvement for creators, as it incentivizes them to create high-quality NFTs that retain their value over time.
“By adding support for networks like Polygon and Tezos, we enhance the marketplace experience, and thus give access to more listings through a single, easy-to-use platform,” said Alexei Falin, co-founder and CEO of Rarible. This aggregation will allow more artists and creators to be discovered by more people.
To summarize, Rarible’s recent addition of support for Tezos and Polygon NFTs is a significant milestone for the NFT ecosystem. It brings more liquidity and accessibility to the market, and enables cross-chain compatibility and improved user experience.
With the introduction of new features such as fractionalized NFTs and royalty payments, Rarible is cementing its position as a leading NFT aggregator platform.
The NFT market is evolving at a rapid pace, and it is clear that Rarible is committed to staying at the forefront of this evolution.
By adding support for Tezos and Polygon, and introducing new features to its platform, Rarible is creating a more accessible, liquid, and user-friendly NFT marketplace.
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