Rarible: Build an NFT Collection Easily

Rarible is an NFT exchange platform that has started to gain a reliable reputation since its creation in 2020. Considered a direct competitor to NFT giant, OpenSea, Rarible continues to grow and offers exciting investment opportunities for users.

Let's take a look at what Rarible is and how to take advantage of this interesting NFT platform.

What is Rarible?

Rarible is an NFT exchange platform that makes it easy to create and sell NFTs. Compared to ordering quickly, Rarible provides easy access for users to participate in the ever-growing NFT market.

The access codes provided by Rarible make NFTs easy to operate, making the platform the “WordPress” of the NFT world. The code is a blockchain with Rarible crypto which allows the creation of high quality NFTs.

Rarible Marketplace NFT

Rarible is an NFT marketplace that functions as an online art gallery. The platform connects NFT sellers and buyers directly, keeping the process decentralized through a peer-to-peer network. Founded by Alexei Falin and Alexander Salnikov, Rarible has grown rapidly since its development stage. The platform now offers more than 400,000 NFTs and has more than 1.6 million global users.

Compatibility with Multiple Blockchains

Rarible NFTs use side chains that are compatible with other blockchains outside of itself. This allows Rarible NFTs to be stored and exchanged via its own blockchain, ensuring the unique characteristics of each NFT.

Currently, Rarible NFTs can be exchanged using the Ethereum, Solana, Flow, and Polygon blockchains.

What is RARI Token?

The RARI token is Rarible's native token which is used for transactions and gives its holder the right to participate in network management.

This Rarible crypto token is a tokenERC-20 which operates on the Ethereum blockchain. With a total supply limited to 25 million, the RARI token has approximately 11.5 million tokens in circulation as of mid-October 2023.

Who is Suitable to Use Rarible?

Like OpenSea, Rarible is aimed at everyone, especially NFT fans. For artists, Rarible is an ideal platform for converting works of art into NFTs, while for collectors, the platform provides easy access to find and transfer NFTs from other blockchains. The simple interface makes Rarible very beginner-friendly.

Layanan NFT Rarible

The platform offers two main services: NFT exchange and NFT creation. To buy NFTs on Rarible, the steps are very simple:

1. Open an account
2. Create a site wallet
3. Connect an external wallet
4. Deposit of the day
5. Buy NFTs

Meanwhile, to create an NFT, you can do it in less than 5 minutes. Rarible offers clear steps to guide you in creating and selling NFTs.

Key Features of Rarible

• Easy NFT Creation: Rarible offers an easy and intuitive NFT creation process, even for beginners.
• Diverse NFT Market: The platform offers a wide variety of NFTs, from digital art and music to gaming items and collectibles.
• Blockchain Compatibility: Rarible supports several blockchains, including Ethereum, Solana, Flow, and Polygon.
• Token RARI: RARI token holders can participate in network management and earn rewards.
• Affordable Costs: Rarible has competitive fees compared to other NFT platforms.

Fees on the Rarible Network

Fees on the Rarible network are very modest; This platform takes 1% of every seller and buyer transaction. In addition to these fees, gas fees will also be charged, which is a fee for miners operating the Rarible blockchain.

Although Ethereum has gas costs which is high, Rarible is compatible with other blockchains, so there is no need to use Ethereum.

Conclusion

Rarible is a promising NFT platform, with a user-friendly interface, low fees, and broad blockchain interoperability. Even though it was only founded in 2020, Rarible has succeeded in attracting the attention of users from various circles.

With its superior features, Rarible can be an attractive choice for those interested in starting or growing their NFT collection.

How to Buy Crypto from Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Read also:

Apa Application Specific Integrated Circuit Mining (ASIC)?

What is Yield Farming in DeFi?

What is NFPrompt? The First AI-Based NFT Platform

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.