What is Project Raible? Basic information about Rarible and the RARI . token

• Overview of the Rarible . project
• What is Project Raible?
• Highlights of the Rarible . project
• Rarible's products
• Roadmap of the Rarible . project
• Rarible's development team, investors and partners
• Overview of the RARI . token
• What is RARI token?
• Functions of the RARI . token
• Where can I buy RARI tokens?
• The future of the Rarible project. Should I invest in RARI tokens?
• summary

Overview of the Rarible . project 

What is Project Raible?

Rarible is an NFT publishing and exchange platform that is creator-centric. Rarible uses the RARI token to empower active users to interact with the protocol. It is a multi-chain platform that integrates Ethereum, Flow, and Tezos. 

Users on the Rarible platform can easily create NFTs for unique digital items such as artwork, game items, etc. The platform provides users with a selected full-featured exchange. Filter and sort by different categories. Thereby, making it easy for users to use as well as providing a smooth experience.

Anyone can create and post NFTs on the Rarible exchange. The RARI token is a fundamental pillar of the platform as it is used to reward active users, while allowing investors to participate in the management of the protocol. 

Highlights of the Rarible . project

• Rarible is not just an exchange of digital art and collections through blockchain technology. The platform can also be used to create or mint NFTs with an extremely simple process. Thanks to that, Rarible helps people who do not have much NFT experience to still access and use it.
• This allows artists and advertisers to create and sell their digital products without any barriers. Meanwhile, they still benefit from the security enabled by blockchain technology.
• The Rarible platform and protocol is an autonomous ecosystem, managed by RARI holders. These are the people tasked with voting on governance proposals. Over time, Rarible intends to transition to a fully decentralized autonomous organization (DAO) structure .
• The entire NFT ecosystem is still fairly new. However, Rarible has aimed to use a portion of the revenue to subsidize the first minting transaction (the one that generates the NFT) for users. Besides, other business strategies are still implemented to promote the development of the platform.

• Additionally, Rarible is a platform for creators and has a variety of brands, including LIRONA, Pak, The Watcher, eBoy, Aavegotchi, Twitter, Lindsay Lohan and Floyd Mayweather Jr.
• Platform features include multi-instance NFT, online auctions, royalty offers, messages, personalized activity feeds, and more. Moreover, it's a safe place to go. trade digital art, collections, music and video NFTs, domain names, metaverse virtual land, wearables… 
• Rarible is voted by Twitter, the Dallas Symphony Orchestra, Taco Bell, Floyd Mayweather, businesses and other creatives as a reliable, secure, and easy-to-use platform.
• With a mission towards environmental sustainability, the platform incentivizes users to eliminate carbon emissions through the establishment of a partnership with Nori.

Rarible's products

Manage NFT

With Rarible, anyone can create an NFT. Artists can easily access the platform and create digital versions of their work. Depending on user intent, they may or may not sell NFTs.

The service fee for the purchase of a work of art is determined by the owner of the NFT. Using the platform's token transfer features, an NFT collectible can be conveniently given to another user as a gift.

If an artwork owner decides to remove his or her work from the platform, they are free to do so. By burning the NFT, that work will be removed from the blockchain. In addition, any functionality related to the ownership of a collection will be entirely under the control of the NFT owner.

royalty system

The platform also implements a royalty system. This system works similarly to the traditional reward mechanism, for the original creator of the artwork. Through this system, the creator is entitled to a certain percentage (%) of the selling price of the artwork if the work is resold to another person.

If a user finds some art or collectibles counterfeit, they are also free to report this to the platform.

A royalty split is a great tool for sharing a substantial portion of secondary sales with:

• Collection collaborators
• Charity organization
• Means of reducing carbon emissions
• Other individuals and organizations.

Mobile application

Currently Rarible is available on the phone app. This is the best tool for finding NFTs.

With the mobile app, users can use:

Discover feature

• Filter to search for NFTs of any Ethereum address by categories: All, For Sale, Created, and Liked
• View description, ownership info, history and bids of any NFT
• Explore trending collections on the market and Rarible.com
• Discover a personalized feed of data based on the users you follow.

Recommended feature

• Hit like to pin NFTs
• Sign up to be notified of new discounts and updates
• Share NFTs and creator profiles to social networking sites.

The widget feature allows users to experience the NFT library on their home screen.

Rarible Protocol

Rarible Protocol is a collection of smart contracts deployed on different blockchains, similar to an open source indexer. Projects can use these tools to build consumer applications. Meanwhile, smart contract developers can build features in the protocol that benefit the entire ecosystem of projects. Notably, Rarible Protocol is the first open source indexer protocol that is made available to developers.

The Rarible Protocol Stack

Currently, there are 20 different projects building applications on top of the protocol, including: Rarible.com, Reaction$, CocoNFT, DAOhaus, MintGate, Ownerfy, Cyber, Footium, NFP, Vertex, Mintdrop, Zerion, Genies, Decentraland, Rarepress and BlockEx. Developers can build many other apps, including: 

Customize the look and feel of your NFT stores 

From large-scale projects like Rarible.com to small-scale options for creators, the protocol makes it simpler to develop and customize the look and feel of NFT stores.

NFT Foundry Applications

Thanks to the shared order book, applications on the protocol can also choose to mint NFTs and let other applications handle the sale and distribution of those NFTs. This eliminates some of the challenges associated with the need for a startup as well as significantly reduces the time to market for ideas.

Browse, discover and manage

There are various applications that may want to use the protocol to browse, discover, or manage NFTs, such as multisig wallets or DAO frameworks.

Monetization feature

With Rarible Protocol, developers can create innovative features and integrate applications on top of the protocol to test, validate, and monetize through fee splitting.

Data analysis tools

Developers can easily create analytical solutions for NFT prices, transactions, and scarcity. 

Rarible Knife

The ultimate goal of the project is to develop towards a decentralized autonomous organization (DAO). Here, all decision rights will belong to the users of the platform.

RARI tokens are awarded to active users on the platform. This token will act as an administrative tool. Specifically, it will allow collectors and creators to vote on upgrades and decide how the platform will evolve. This makes the management of the platform directly responsive to the most active users. From there, bringing Rarible closer to being operated by community members.

Roadmap of the Rarible . project

The project's roadmap has yet to be released.

Rarible's development team, investors and partners

Development team

The Rarible team is based in Moscow, co-founded by Alexei Falin and Alexander Salnikov in early 2020.

• Alexei Falin is the CEO of Rarible and also the co-founder of Sticker Place, a computer software company specializing in stickers. Falin graduated from the University of Southern California and the University of Economics in Moscow.
• Alexander Salnikov is the co-founder of Zenome and the director of the ICO of Humaniq. This is a project built on blockchain, providing tools for those who have not used banking services. Salnikov has founded more than 5 successful companies before and has extensive experience as a product manager. He is currently the head of product at Rarible.
• According to Rarible's official LinkedIn page, the entire Rarible team has about 10 employees. Many of them are artists.

Investors

The project has raised $14.2 million from the Series A round, led by two large investment funds, Coinfund and Venrock. In addition, there is also the participation of venture capital fund, 01 Advisors. Rarible plans to use this raised capital to launch an exchange operating on the Flow Blockchain.

Earlier, Rarible also completed a seed round (Seed Round) with a total capital of 1.75 million USD, led by 1kx fund with the participation of other investment institutions such as ParaFi Capital, Coinbase Ventures, CoinFund, MetaCartel Ventures and Bollinger Investment Group

Partner

The project is currently partnering with the Flow blockchain to support a streamlined NFT experience. In addition, the project also partnered with Adobe to assist in the distribution of NFT content.

Overview of the RARI . token

What is RARI token?

The RARI token is the governance token of the Rarible ecosystem.

Rarible token details:

• Code: RARI
• Blockchain: Ethereum (ERC20)
• Total supply: 25M million RARI tokens
• Market Circulation: 5,508,591 RARI tokens

Token Allocation:

• Investors and team: 30%
• Market Exploitation: 60%
• Airdrop: 10%

Functions of the RARI . token

For RARI holders, this token has the following functions:

• Submit and vote on proposals on: Rarible transaction fees, new Rarible features to be developed or implemented, and the use of RARI tokens to decentralize governance and development of Rarible
• Moderate creators on the platform
• Manage featured artworks.

Where can I buy RARI tokens?

The RARI token is currently available on exchanges such as Coinbase, Uniswap, SushiSwap, Kraken, MEXC...

The future of the Rarible project. Should I invest in RARI tokens?

2021 is indeed a breakout year for the NFT. NFT has become a huge cultural phenomenon, adopted by blue-chip companies like Adidas and Twitter in their products.

As the NFT market evolves, so does Rarible. The project has delivered more features than ever, expanded into a multi-chain platform with Flow and Tezos integration, and the number of members of the project community has skyrocketed across all social media platforms. .

Project Rarible is part of a digital ownership transformation that empowers creators and communities. From there, towards a more sustainable, decentralized future.

Here are the impressive parameters of Rarible in 2021:

• 2.1 million monthly active users
• Powered by 3 blockchain platforms
• Trading volume is over 273 million USD
• Has more than 308,000 followers on Twitter
• More than 96,000 users on Discord
• There are over 400,000 NFT minted

summary

Rarible is the world's first community-owned NFT exchange. Furthermore, Rarible leverages the RARI token – the world’s first governance token in the NFT sector – to power this community-run platform model. By giving token users governance rights, Rarible is learning how DeFi works.

To keep up to date with the latest information about Rarible, please visit the media channels below:

Website | Twitter | Discord | Telegram | Instagram | YouTube | Medium

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