All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.
Rarible expands Aggregated Marketplace to add support for Tezos and Polygon NFTs
Leading NFT Marketplace, Rare, announced today that it is adding support for Tezo’s NFTs. With this, the marketplace will now aggregate listings from various Tezos NFT marketplaces such as Versum, Objkt, fxhash, and Teia. Apart from this, Rarible will also start adding Polygon entries from Open sea.
Let’s take a closer look at Rarible’s latest updates and what this means for the industry.
Whether Rarible adds support for Tezos
Amid the environmental concerns surrounding Ethereum NFTs, Tezos quickly gained popularity as a greener alternative. Thanks to its lower energy consumption, it has become home to a number of dApps, NFT collections and brands, including McLaren. Several renowned artists such as XCOPY, Blake Kathryn, Killer Acid and John Karel have also dropped their NFTs on the chain.
With Rarible’s focus on becoming a “home” for creators and community, aggregating Tezo’s NFTs is a natural progression for the marketplace. After all, Tezos is well-loved among artists and creators, making it an excellent choice for Rarible’s overall marketplace.
Moreover, both Tezos and Rarible are aligned with their vision to enforce royalties to creators. In other words, it is important for both companies to respect artists and their ability to earn future royalties. To be sure, all marketplaces impose royalties on Tezos.
Rarible increases its aggregation with more chains
With its Tezos support, Rarible’s aggregated marketplace will now host listings from Tezos marketplaces including Versum, Objkt, fxhash and Teia. In addition, the marketplace added support for Polygon NFTs from OpenSea just a week ago. These moves make Rarible one of the first marketplaces to incorporate this level of multi-chain aggregation.
“By adding support for multiple chains like Tezos and Polygon, we’re enhancing the marketplace experience for users, giving them access to more listings than ever before through one easy-to-use platform,” said Alexei Falin, co-founder and CEO of Rarible. “We see aggregation as beneficial to artists and creators as well because it opens the door for their creations to be discovered by new sets of eyes.”
“Anyone familiar with Rarible knows that there are many aspects to our business. What unites all of these pieces together is the underlying principle that all of our products will in some way elevate creators and their communities. We are and always will be community-centric.”
Launched in 2019 by Alexei Falin and Alex Salnikov, Rarible has been steadily building its platform to support artists and creators. All in all, the platform is well on its way to establishing itself in the NFT market. Apart from its aggregate marketplace, the NFT company has also focused on expanding its products for community marketplaces. A recent addition to this effort is a self-service tool to help anyone create their own Polygon marketplace with just a few clicks.
