Project Insights: Rareboard NFT Marketplace
Rareboard is now the leading NFT Marketplace Aggregator built for the BNB chain. It allows users to create, trade and discover rare NFTs
Rare board
Rareboard is an NFT Marketplace Aggregator built for the BNB chain. It is an NFT marketplace that allows users to view the NFTs listed on ten different marketplaces – currently over 70 collections. The platform has constantly launched new features since it was published in October 2021.
New features aimed at increasing the platform’s efficiency and delivering a better NFT collection, coining and trading experience are constantly being added. The platform has seen increased usage since March 2022, as the past few months have witnessed over 1,500 BNB being spent minting NFT assets.
One of the latest collections of NFTs on the dashboard is the BSC News NFT collection. Many other NFT artists choose this platform because of the features and tools that improve the user experience.
The platform also has a Rarity Dashboard which makes it a top choice for users – they can see a rarity score of the assets against their prices. This feature has attracted users since the platform was launched. Currently, the exchange has over $11 million in trading volume
The platform has become a leader in the NFT market, despite the ongoing crypto bear market. In June 2022, it recorded a 269% increase in transactions, reflecting a growing interest from NFT investors to use it.
“Rareboard accounted for 10% of the entire trading volume of BNB Chain NFTs from April to May 2022.” – Rareboard website
Why do users choose Rareboard? Let’s find out more
Important functions
- Rarity Dashboard
- NFT Aggregator and Marketplace
- Low transaction fees
- A large selection of collections to choose from
How to list an NFT collection on Rareboard
Posting your NFT collection on Rareboard might be a good idea considering that the platform accounted for 10% of the entire trading volume of BNB Chain NFTs in April 2022. That growth rate also attracted large investors to the platform.
It does not cost buyers or sellers any additional amount for selling or bids placed on it. How to post on Rareboard:
There are several rules that the platform follows when figuring out the best NFTs to list. One of the protocols dictates that an NFT asset must first be listed on at least one of their integrated marketplaces. If the asset is listed on NFT key, PancakeSwap, or Galls the marketplace has activated a purchase functionality on these platforms.
Check that your collection is available on at least one of the partner marketplaces and follow accordingly this process:
Contact the projectt
You need to reach out to the platform through their official platforms like Telegram, Discord and Twitter DM. When you message them, ask to speak to the moderator and they will be responsible for introducing you to the right person who will help you with your question.
Tell them about the NFT collection
The team is interested in knowing details such as whether it is your first gathering, whether you have had a successful one before, and such. It also wants to know if your NFT collection has utility features or other aspects that make it unique.
Provide details on how you measure rarity
The platform too measures the rarity of NFTs using a number of criteria. Learn about them before you decide to list them. The platform allows users to add custom rarity rankings depending on how they’ve designed their collections.
Fill out their form for official documentation
Rareboard plans to enable a self-service listing process for NFTs in the future, but currently only allows manual listing. Necessary documents and details are processed manually.
What is required to complete the listing process?
To maintain an NFT collection on the platform, you must provide:
Pictures for the listing
The images required for the process include:
- An Avatar logo
- Listing banner: 1268X254
- Listing announcement images with a transparent background logo
- Grid Collage of your NFTs: 1600X900
Basic information
The form provided by the team requires a user to provide such information as:
- The name of the collection
- Collection description
- Mint date
- Coin Price(s)
- Number of NFTs in the collection
- TokenAddress (Your NFT contract)
Useful links
Provide useful links like the official website and social media channels
Announcement article
The listing request should be accompanied by an announcement article to ensure that the target market for the collection is informed prior to listing.
Rarity Rankings
The platform has the following Rarity ranking methods:
- Rarity Score- A ranking method developed and popularized by the founders of rarity.tools. It is the standard method on the stock exchange.
- Statistical Rarity-Statistical rarity is an objective oriented method of ranking. It accounts for all attributes on an NFT to arrive at the final rarity ranking.
- Average Rarity – This ranking method takes into account all the characteristics of the available NFT collections before arriving at a ranking. However, it achieves this process by accounting for the averages of all the rarity attributes.
- Trait Rarity- This method is simple and it ranks NFTs according to their rarest trait. It does not seem to give the most satisfactory results as it overlooks most other important features.
Mint Pass
Mint passport is a unique feature on the exchange that allows active users to access the WL of promising NFT projects on the BNB chain. This feature uses chain data to calculate who are the most active users on Rareboard. It ranks people depending on the frequency of activities and offers free coins to top users.
This feature is beneficial for the users as it increases their profit margins and has kept the activities on the platform high which is also good for NFT artists.
Final thoughts
Rareboard is a new generation of NFT marketplace that is becoming the go-to platform for many NFT enthusiasts, both new and veteran. The wide range of functions and optimized tools help make both buyers and sellers more profitable.
However, it is advisable to DYOR before investing in the crypto space. Don’t invest what you can’t afford to lose.