What Is Rarible?
Rarible is a marketplace for trading Non-Fungible Tokens (NFTs).
Background
Alexander Salnikov and Alexey Falin founded Rarible in 2020.
How It Works
Rarible provides a platform where sellers can list NFTs for a fixed price, open them for bids, or conduct a timed auction. The platform also enables NFT collections to launch their marketplaces with personal branding, custom fees, and liquidity from the Rarible API.
Buyers can purchase fixed-price listings directly with a credit card and place expiring floor bids on NFT collections. The platform also features a wallet-to-wallet messaging service, allowing users to communicate with each other. The governance token of Rarible, RARI, is utilized to propose and vote on protocol changes and incentivize platform usage.
Key Takeaways
- Rarible is a marketplace designed for trading Non-Fungible Tokens (NFTs).
- The platform was founded in 2020 by Alexander Salnikov and Alexey Falin.
- Rarible allows sellers to list NFTs for a fixed price, open them for bids, or conduct timed auctions.
- Buyers can purchase fixed-price listings and place expiring floor bids on NFT collections.
- Rarible’s governance token, RARI, is used to propose and vote on changes to the protocol and incentivize platform usage.
