Rarible is continuing its multi-chain expansion, announcing that it has implemented support for NFT assets minted on Polygon.
Rarible, a marketplace for nonfungible tokens (NFT), has announced the release of a marketplace builder that enables artists and projects to create a store for their NFT collections based on Polygon.
Rarible noted in an announcement that the new tool won’t need any coding and will allow different customization choices, like royalty fee modifications.
The Rarible team asserts that it is impossible for creators to demonstrate their “unique brand identity” in conventional NFT marketplaces, therefore the marketplace builder intends to achieve just that.
The Rarible team emphasized that the Polygon network had grown significantly in popularity in the NFT market when explaining why the platform chose it for the application.
The Polygon NFT market has recently gained “tremendous traction,” according to Alexei Falin, co-founder and CEO of Rarible. The company also thinks that in the future, community marketplaces will be where people may buy and trade NFTs. Falin said:
“We see community marketplaces as the future of NFT buying and selling and we believe every project should have its own marketplace. The self-serve tool is vital for making this happen.”
Rarible is a marketplace builder for Ethereum ERC-721 and ERC-1155 collections in addition to NFT projects based on polygons. NFT projects have developed fresh resources to advance the field despite the weak market.
A tool that rates the trading performances of NFT collectors’ wallets was introduced by an NFT index on January 11. The index examines wallets in light of both realized and unrealized gains in addition to other elements.
Other projects are making every effort to survive the crypto winter while NFT projects are adding new tools or services. SuperRare, an NFT marketplace, recently disclosed that 30% of its staff had been let go.
John Crain, the CEO of the company, claimed that they over-hired during more favorable market conditions because they “grew in tandem with the market” The NFT marketplace executive did add that this was not sustainable though.
