Non-fungible token (NFT) marketplace Rarible has announced the launch of a marketplace builder that allows artists and projects to customize a marketplace for their NFT pools based on Polygon.
In a statement, Rarible highlighted that the new tool will allow for various customization options, such as royalty rate adjustments, and won’t require any coding. The marketplace creator aims to allow creators to showcase their “unique brand identity,” which the team at Rarible claims is impossible to do in traditional NFT marketplaces.
Explaining why the Polygon Network platform chose the tool, the Rarible team explained that the blockchain has gained huge popularity in the NFT market. Recently, the Polygon NFT market has gained “enormous traction,” Alexey Valin, co-founder and CEO of Rarible, explained.
The team also believes that the buying and selling of NFTs will be on community marketplaces in the future. Fallin said:
“We see community marketplaces as the future of NFT buying and selling and we believe that every project should have its own marketplace. A self-service tool is vital to making this happen.”
In addition to Polygon-based NFT projects, Rarible also has a market generator for Ethereum ERC-721 and ERC-1155 blocks.
Amidst the bear market, NFT projects have created new tools to advance in the space.
On January 11, NFT Index released a tool that ranks the trading performance of NFT collectors’ wallets. The index analyzes portfolios by their realized and unrealized gains and other factors.
While NFT projects add new tools or services, others are doing what they can to navigate the crypto winter. NFT company SuperRare recently announced that it has laid off 30% of its workforce. The company’s CEO, John Crane, said that they excel when market conditions are better, saying that they have “grown along with the market.” However, the market executive of the NFT also pointed out that this is not sustainable.
by Ezra Regera