Rarible
RARI
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About Rarible
RARI is an Ethereum token that powers Rarible, a community-owned marketplace for creating, selling, or collecting NFTs. RARI can be earned by using the platform and can be used to curate content and vote on platform upgrades.
Resources
Rarible (RARI) is a platform that strives to facilitate the creation and trading of non-fungible tokens (NFTs), unique digital items such as artworks and game items. The platform is designed to be user-friendly, offering a fully-featured marketplace that is sorted and filtered using various categories for a seamless user experience. The RARI token is a key component of the platform, as it is used to reward active users and for participating in the governance of the protocol. Rarible intends to become more than just a marketplace for digital collectibles and art, aiming to create an autonomous ecosystem governed by RARI holders.
Rarible operates by allowing users to create or "mint" NFTs through a simple process, making it accessible to those with little to no experience with NFTs. This enables artists and creatives to create and sell their digital products with zero barriers to entry while benefiting from the security provided by blockchain technology. The Rarible platform and protocol is an autonomous ecosystem that is governed by RARI holders, who are tasked with voting on governance proposals. Rarible aims to transition to a fully decentralized autonomous organization (DAO) structure in the future.
Rarible seeks to provide a solution to the limitations faced by the intellectual property market, such as challenging licensing and paperwork requirements. NFTs represent an easily accessible alternative available to anyone with just a few clicks. The platform aims to empower artists and creatives by allowing them to create and sell their digital products with zero barriers to entry. Additionally, Rarible intends to use part of the revenue to subsidize the first mint transaction (NFT creation transaction) for users, among other business strategies to fuel the growth of the platform.
Rarible was co-founded by Alexei Falin and Alexander Salnikov in early 2020. Falin, the CEO of Rarible, is also the co-founder of Sticker.Place, a computer software company that specializes in stickers. Salnikov, the head of product at Rarible, was the co-founder of Zenome and the ICO Director of Humaniq, a blockchain-based project that provides tools to the unbanked. The Rarible team, based in the US, consists of almost a dozen employees, many of whom are artists. The total supply of RARI is capped at 25,000,000, and its current circulating supply depends on user participation.
Rarible strives to foster the discovery of new and emerging artists by providing a decentralized platform for acquiring, selling, and minting NFTs. It aims to empower digital creators by offering a platform for showcasing and monetizing their digital works. Rarible's community-driven approach encourages interaction between creators, collectors, and enthusiasts, creating a dynamic ecosystem. The platform also actively seeks collaborations with artists, brands, and organizations to bring unique and exclusive NFT projects to its community. Through partnerships, Rarible aims to expand its offerings and support the growth and recognition of creators on a global scale. And, Rarible's web3 art contest seeks to spotlight emerging digital artists and provide them with a platform for exposure.
Rarible sets itself apart from other NFT platforms by focusing on decentralization and a unique governance model. Unlike many platforms, Rarible's economy and governance are influenced by a native token known as RARI. RARI holders have the potential to vote on policy changes and other important decisions, which aims to involve users in decision-making. Rarible also has a flexible royalty system for creators, which allows them to set royalty fees up to 50% on their creations. This feature strives to provide creators with a larger portion of the non-monetary benefits derived from their work.
The curation process on Rarible is designed with the intention of maintaining the quality and authenticity of the digital assets displayed on the platform. Rarible aims to present a platform for vetted artists to showcase their creations, striving to present quality artwork for viewers. The curation process involves carefully selecting creators who are invited to join the platform, aiming to provide a user experience by connecting viewers with a selection of NFTs.
Rarible supports a diverse array of digital assets beyond visual art. These encompass digital collectibles such as music, music videos, digital comic books, gaming avatars, virtual clothing and accessories, and virtual pets. Rarible seeks to facilitate the tokenization of digital real estate, aiming to enable users to engage in the exchange of virtual properties. Other innovative uses of NFTs on Rarible aim to include the tokenization of insurance policies, loan agreements, and non-monetary reward tokens offered by companies to their customers. This broad range of digital assets positions Rarible as a platform for the exchange and tokenization of unique digital content.
Yes, Rarible has undergone several security audits. ChainSecurity, a smart contract audit firm, performed audits on Rarible's staking contract, ERC721 token contract, and ERC1155 token contract. These contracts are built using OpenZeppelin's upgradeable token templates. The audits focused on various functionalities such as multiple creators, mint and transfer, and default operators. Rarible's 'Exchange V2' smart contracts were also audited by ChainSecurity. It's important to note that, despite these audits, no system can claim complete immunity to security risks. Security flaws, when identified, are addressed in Rarible's platform, which could have potentially posed a risk to crypto assets. Therefore, while Rarible aims to maintain high security standards, it is generally recommended for users to be cautious when interacting with digital assets and platforms.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
Market stats
$70.8M
$660,564.25
23.8M RARI
12 days
#522
$46.55
Market performance
-0.24%
-1%
-1.33%
-14.7%
-18.51%
+128.79%
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Social
Some highlights about Rarible on social media
755 unique individuals are talking about Rarible and it is ranked #184 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Rarible has an average sentiment score of 3.7 out of 5. Finally, Rarible is becoming more newsworthy, with 0 news articles published about Rarible. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Rarible. There were 12.35% of tweets with bullish sentiment compared to 5.64% of tweets with a bearish sentiment about Rarible. 82.01% of tweets were neutral about Rarible. These sentiments are based on 745 tweets.
On Reddit, Rarible was mentioned in 23 Reddit posts and there were 46 comments about Rarible. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
755 people
404 posts
0.04%
#184
3.7 out of 5
745 people
12.35%
Bullish
82.01%
Neutral
5.64%
Bearish
23
46
16