The Rarible Protocol, the leading open source, multi-chain NFT protocol, is integrating with Immutable X’s leading Layer 2 (L2) scaling solution on Ethereum.
This successful collaboration will enable projects relying on the protocol to instantly trade high-quality gaming NFTs on Ethereum through Immutable X, without any gassing fees or negative impact on the environment.
Rarible is coming to ETH L2 ⓧ
We’re thrilled to power @Rarible mission to expand its open-source protocol on Ethereum w/ gasless minting/trading & 100% carbon neutral NFTs
++ https://t.co/Xn6cHcqaor users will access high-quality gaming content on IMXhttps://t.co/QJVUqjIN6M pic.twitter.com/ABj53VpwHF
— Immutable (@Immutable) May 24, 2022
The Rarible Protocol gives users access to a decentralized exchange, NFT minting and smart contracts, as well as an open source NFT indexer that allows creators or projects to easily launch NFT marketplaces.
Among Rarible Protocol’s projects is the independent marketplace Rarible.com, a community-focused, multi-chain NFT marketplace.
As Rarible’s mission is to stay ahead of the industry’s evolution and ensure that its growing community has the best NFT experiences in games, it has chosen to integrate with Immutable X’s L2 scaling solution.
Immutable X was built using Immutable’s deep expertise in blockchain gaming and StarkWare‘s cutting-edge zk-rollup technology.
Integration of Rarible with Immutable X
As a result, Rarible’s integration with Immutable X will provide an incredible opportunity for gaming NFT projects and collectibles to launch or drop into the Rarible ecosystem seamlessly, while taking advantage of Immutable X’s low cost and carbon neutral economics.
In addition, users will be able to enjoy ridiculously high transaction speeds and access to Ethereum’s proven security.
Among the many advantages that this partnership will bring, the most important is Rarible’s ability to access Immutable X’s open order book. This means that developers building on Rarible‘s protocol and users of the Rarible.com marketplace will be able to access existing and future high-quality content powered by Immutable X. Ultimately, the partnership will improve liquidity for the Rarible ecosystem in the long term.
“The continued growth of the NFT industry presents endless opportunities for creators, collectors and developers. But to enjoy the best experience, ecosystem participants must be able to seamlessly explore and engage with the diverse communities and projects across the broader blockchain space,” said Alex Salnikov, co-founder and chief strategy officer of Rarible. “Rarible’s integration with Immutable X marks an important milestone on our roadmap to become the leading multi-chain NFT marketplace and protocol offering greater interoperability between NFT communities. We are delighted to be able to offer the Rarible community access to the many thriving collections and projects in the Immutable X ecosystem.”
“We are beyond excited to announce one of our largest marketplace integrations to date with Rarible. Every game and trade on Immutable will now be accessible to Rarible’s one million monthly users,” said Robbie Ferguson, co-founder of Immutable. “This is a historic step for Immutable’s open order book and I couldn’t be more excited to work with the Rarible team to enable the world to trade gaming assets and more on L2 Ethereum.”
Rarible Protocol
Rarible Protocol is a toolkit for NFT builders consisting of a decentralized exchange, NFT minting smart contracts and an open source NFT indexer compatible with Ethereum, Tezos, Flow, Polygon and Solana. It was developed by Rarible.com, and subsequently inherited by Rarible DAO, governed by $RARI token holders.
Immutable X
Immutable X, powering the world of NFT, is the leading Layer 2 scaling solution for NFT that enables gas-free minting and trading without compromising the security of the most globally used blockchain for NFT, Ethereum.
The solution, powered by StarkWare’s innovative technology, offers instant trade confirmation, massive scalability (up to 9,000 transactions per second) and a fantastic experience for developers and users. Immutable X has announced integrations with leading marketplaces and is powering some of the biggest NFT plays across consumer apps (TikTok), DeFi (SuperFarm) and games (GameStop, Highrise, ESL Gaming, Ember Sword, Planet Quest, Gods Unchained, Guild of Guardians, GreenPark Sports, Illuvium, MyCryptoHeroes+).