Rarible builds its own marketplace for NFT on Polygon

NFT exchange Rarible has just launched its own marketplace for NFT collectibles on the Polygon blockchain.

After Magic Eden, it's Rarible's turn to submit a proposal to build NFT Marketplace for Apecoin DAO
Rarible builds its own marketplace for NFT on Polygon

NFT creators on Polygon will now have their own marketplace for this blockchain on Rarible. Through Rarible’s aggregator, collections listed on other NFT exchanges can also be displayed here.

Prior to Polygon, Rarible provided a similar service to the Ethereum market, with two protocols ERC-721 and ERC-1155 NFT last August. This move comes amid growing interest in the NFT and gaming projects following the success of Reddit’s Collectible Avatars.

Along with Polygon’s cult collaborations with large corporations such as Starbucks, Meta and Nikeprojects are credited with promoting NFT’s coverage to more mainstream audiences.

Commenting on building a marketplace for Polygon, Rarible co-founder and CEO Alexei Falin said:

β€œRarible sees the Polygon NFT market gaining huge traction. When we discussed which chain to build the next market for, Polygon was an obvious choice.”

In November 2022, the leading NFT exchange on Solana, Magic Eden, also announced an expansion support to Polygon, to capitalize on this emerging blockchain gaming niche. Recently Polygon also sponsored 3 million USD for two famous NFT projects Y00ts and DeGods to “relocate” for these “unstable” of the Solana blockchain.

On the Rarible side, the exchange also had a significant year of growth when it came to major upgrades. The most prominent is statistical synthesis tool for NFTs from competitor exchanges, allowing users to compare prices before making an investment decision. In addition, Rarible also plans to launch the RARI governance token, the token that grants voting rights to the platform’s decisions.

Synthetic Kyptos

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img