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Rarible

RARI

Price
$2.14
12/6/2022, 9:26:56 PM
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Market

Market stats

Market cap

$30.2M

Volume (24h)

$1.7M

Circulating supply

14.2M RARI

Typical hold time

10 days

Trading activity

Not enough data

Popularity

#165

All time high

$63.53

Price change (1h)

-1.22%

Price change (24h)

-0.74%

Price change (7d)

-1.39%

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Rarible is on the decline this week.

The price of Rarible has fallen by 1.39% in the past 7 days. The price declined by 0.74% in the last 24 hours. In just the past hour, the price shrunk by 1.22%. The current price is $2.14 per RARI. Rarible is 96.64% below the all time high of $63.53.

The current circulating supply is 14,159,220.645 RARI.

About

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.

What Is Rarible (RARI)?

Rarible is a community-owned marketplace for creating, trading, and collecting non-fungible tokens (NFTs). The platform aims to link creators who create digital art, memes, GIFs, etc. with the purchasers who decide the pieces they wish to purchase. In simple words, the network enables users to trade NFTs without intermediaries. 

Many artists globally seek to monetize their art with a global audience. But there is always a threat of someone stealing that artwork and using it for their own purposes. This results in the creators not getting the value of their creation. Blockchain technology has addressed this problem by creating non-fungible tokens, i.e., NFTs. Each NFT is a unique, non-interchangeable token that is like a certificate of authenticity for digital assets. Blockchain technology provides immutable records to prove the creators of the art.

Running on the Ethereum blockchain, Rarible works as a platform where creators can create and trade their digital artworks and collectibles. As per the website, the Rarible marketplace makes it very convenient to monetize one’s hard work, and the creators can make a decent income by creating and trading NFTs. Further, the platform offers many features:

  • Multi-chain Support: It can be used on multiple blockchains like Ethereum, Tezos, and Flow. This multi-chain support makes the Rarible marketplace more comprehensive and flexible for trading.

  • Security: It offers a safe place to trade digital art. Every transaction is verified one by one.

  • Additional Features: The platform offers features like timed auctions, royalties, messenger, personalized activity feed, and more.

  • Diverse Creators and Brands: The platform hosts creators and brands like Lindsay Lohan, Lirona, Pak, Floyd Mayweather Jr., The Watcher, Aavegotchi, and more.

Coming to the token, RARI is the native token of the Rarible protocol and the platform’s cryptocurrency. RARI is an ERC20 token and is primarily used for the platform’s governance. Rarible is a decentralized autonomous organization (DAO) where the holders of the RARI tokens empower the protocol with decision-making rights, propose new ideas, and vote.

History of Rarible (RARI)

Launched in 2020, the Rarible protocol was cofounded by Alexei Falin and Alexander Salnikov.

Falin, the CEO, also cofounded a computer software company named Sticker Place. Meanwhile, Salnikov, head of product, has a master’s in data science and has founded five other organizations.

The project is backed by many big names, like Coinbase, CoinFund, Venrock, Parafi, and more. And the road map suggests the platform is developing an application to make trading NFTs more user-friendly. 

How Are New Rarible (RARI) Tokens Earned?

Rarible protocol issues a reward to participants every week. As per the website, 75,000 RARI tokens are issued to fuel the protocol and give out rewards. Of these tokens, 55% are allocated to the apps built on Rarible DAO. And the rest, 45%, are distributed to the DAO treasury.

The holders are issued newly minted RARI tokens in the proportion of their stake.

How Many Rarible (RARI) Tokens Are There?

The maximum total supply of tokens is capped at 25 million RARI tokens.

How to Buy Rarible (RARI)

You have a lot of options when it comes to Rarible (RARI), including Coinbase. You can buy Rarible (RARI) on Coinbase.com or Coinbase app, anywhere Coinbase is available.

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FAQ

What is the current price of Rarible?

The price of 1 Rarible currently costs $2.14.

What is the market cap of Rarible?

The current market cap of Rarible is $30.23M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Rarible?

The all-time high of Rarible is $63.53. This all-time high is highest price paid for Rarible since it was launched.

What is the 24 hour trading volume of Rarible?

Over the last 24 hours, the trading volume of Rarible is $1.70M.

What other assets are similar to Rarible?

Assets that have a similar market cap to Rarible include Metacraft, Star Atlas, YooShi, and many others. To see a full list, see our comparable market cap assets.

How many Rarible are there?

The current circulating supply of Rarible is 14 million.

What is the typical holding time of Rarible?

The median time that Coinbase customers hold Rarible before selling it or sending it to another account or address is 10 days.

What is the relative popularity of Rarible?

Rarible ranks 132 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Rarible?

Currently, 54% of Coinbase users are buying Rarible. In other words, 54% of Coinbase customers have increased their net position in Rarible over the past 24 hours through trading.