Prominent non-fungible token marketplace and protocol On January 18, Rarible launched its NFT marketplace builder for Polygon-based NFT collections. Any Polygon-based NFT collection will have access to the new self-service tool, which will enable them to construct their very own individualized marketplaces and connect with their communities at no cost.
According to the company, Polygon Punks will serve as the initial business alliance partner for the Polygon community marketplace builder.
“We believe that every project ought to have its own marketplace because we believe that community marketplaces are the wave of the future when it comes to buying and selling NFTs. According to Falin, the self-service tool is extremely important for making this happen. “The polygon non-fungible token market has been gaining a significant amount of traction. Polygon was the obvious choice when it came time to decide which chain would be the next to be supported by our marketplace builder tool.
Following that, he went on to say that “we’ve seen Polygon become the preferred blockchain for many mainstream brands, popular Web3 projects, and games.” “Polygon has continued to grow despite the turbulent times we are living in and has demonstrated that it is capable of onboarding the masses.”
The Rarible NFT marketplace builder gives users access to multiple features, such as the ability to mint NFTs on Polygon and to create personalized storefronts, without requiring them to have any prior knowledge of coding and without charging them any additional fees. In addition to these capabilities, the aggregation tool offered by the company enables customers to gain access to collections offered by other prominent secondary markets.
As a result of the fact that the marketplace builder supports Ethereum ERC-721 collections in addition to ERC-1155 collections, it is now feasible for developers to make use of a wide range of blockchains.
Rarible-powered community marketplaces will require royalty fees on all transactions that take place within their user interface, as was recently expressed in a blog post by the company. This is in contrast to the current trend of other non-fiat currency marketplaces, which give users the option of not paying royalties.
Rarible also provides a “white glove” service for those projects that require specialized features and customizations for their respective marketplaces. With the help of this service, projects are able to collaborate directly with Rarible’s team to design a bespoke marketplace that caters to their particular requirements.
“When projects begin working with us as part of our white glove service, the members of their team collaborate directly with the members of our Rarible team to develop a bespoke marketplace. Through a more hands-on approach, projects have the ability to communicate with us precisely which features they desire for their community marketplace “elucidated Falin. [Note:
Fox (Krapopolis and Fox Deportes), McFarlane Toys, CryptoPunks V1, Pixel Vault, Degeni Verse, and Robotos are just some of the well-known projects and brands that have utilized Rarible’s white glove NFT marketplace service in the past. Other examples include Degeni Verse and Robotos.
Falin believes that we will see more major brands from a variety of industries entering the NFT market, which will make tools such as custom NFT marketplace builders increasingly important. Despite the fact that it is difficult to predict exactly how the cryptocurrency and NFT markets will evolve in the coming years, Falin believes that we will see more major brands entering the NFT market.
“I believe that 2023 will be the year in which a greater number of major brands across all industries will implement strategies revolving around NFTs. Each year brings about brand new advancements, and this year should see the emergence of brand new applications for blockchain technology “he said.
Compiled by Coinbold