By George Ward
The Rarible protocol recently launched its Polygon-based NFT marketplace builder, allowing all NFT collections to connect to the ecosystem using its custom platform. The new platform will be a free community marketplace for users to explore the non-fungible token (NFT) ecosystem.
Building Community Marketplaces
According to Alexei Falin, the CEO of Rarible, with new users entering the NFT ecosystem, the community marketplace will usher in a new wave of NFT buying and selling experiences for users. It will also make it easier for newcomers to join the NFT train.
Rarible also offers a similar service on the Ethereum network, which various NFT projects continue to utilize. Meanwhile, the first partner for the community marketplace builder is Polygon Punks, according to the company’s statement.
Falin added that Rarible sees the community marketplace as the future of NFT transactions and that the firm’s vision is for every project to have its marketplace. The Rarible founder further stated that the new self-service tool is crucial for making the dream a reality.
Falin cited the Polygon NFT marketplace as an example of what Rarible is setting out to achieve and which has since gained traction in the digital collectible ecosystem. That explains why the company has chosen to adopt Polygon as its marketplace builder.
Rarible is set to follow in the footsteps of other popular blockchains, Web3, and gaming brands powered by the Polygon protocol.
Assessing The Rarible NFT Marketplace
The new Rarible NFT marketplace builder requires no coding knowledge and zero fees; it seeks to provide users with features like NFT minting on the Polygon network and developing personalized storefronts.
In addition, the marketplace builder also boasts aggregation tools that allow users to access NFT collections from other popular secondary platforms. However, the marketplace builder is compatible with Ethereum ERC-721 and ERC-1155 collectibles, making it easier for creators to utilize various blockchain features.
Meanwhile, what differentiates the Rarible community marketplace from other NFT marketplaces is the payment of royalties. While others have the option of royalty payment, Rarible will require royalty fees for its marketplaces for all transactions on its user interface (UI).
Furthermore, Rarible will offer projects requiring special features and customization, called a white glove service. With exceptional service, projects can collaborate with the Rarible development team to create a custom marketplace to suit their needs.
The company’s CEO explained that projects that signed up for the white glove service get to work directly with the Rarible team. In addition, he explained, “projects can specify what they want the team to do for them, such as the features and customization they need for their community marketplace.”