Rarible, the popular NFT marketplace, has launched a new tool to help NFT creators build their collection-based storefronts for free. The marketplace builder will allow various customization options and will not require coding knowledge.
The tool is aimed at allowing creators to show their unique brand identity and is limited to projects and collections hosted on the Polygon network.
According to Rarible CEO Alexei Falin, the company sees community marketplaces as the future of NFT buying and selling and believes every project should have its own marketplace. The Polygon network was chosen for the tool because it has gained significant popularity in the NFT market.
The team also highlighted that buying and selling NFTs will be on community marketplaces in the future.
The new tool will allow creators to control their own marketplaces, which is a significant step towards decentralizing power structures on the internet. The ability to enforce royalties on-chain will also protect creators’ project revenue from any policy changes on royalties set by marketplaces.
As the bear market continues, NFT projects are creating new tools to advance the space. Rarible’s new marketplace builder is an example of how NFT projects adapt to current market conditions.
However, other NFT marketplaces like SuperRare have had to lay off employees to navigate the crypto winter.
The tool will help creators build sustainable business models that are not dependent on the volatility of the crypto market.
The launch of Rarible’s marketplace builder is a significant move in the NFT industry, as it empowers creators to take control of their own marketplaces and build their own unique brand identities.
With the ability to customize various aspects of the marketplace and no coding requirements, the tool is accessible to creators of all skill levels.
Moreover, the marketplace builder also provides an opportunity for creators to explore new revenue streams. With the ability to adjust royalty fees, creators can experiment with different pricing models to find what works best for them.
Additionally, the on-chain royalty enforcement feature will ensure that creators are fairly compensated for their work.
The use of the Polygon network for the tool also highlights the growing popularity of the blockchain in the NFT market. The Polygon network has been gaining traction in the NFT market, and Rarible’s decision to use it for the marketplace builder is a testament to its reliability and scalability.
With the rise of NFTs, the art world has also been impacted, and many artists have found a new medium to showcase their work. The marketplace builder will allow artists to create their own NFT collections, and using the Polygon network will offer faster transaction speeds and lower fees.
In addition, the launch of the marketplace builder also showcases Rarible’s commitment to the growth and development of the NFT market.
The company has been at the forefront of the NFT market, and with the launch of the marketplace builder, it’s clear that Rarible is dedicated to providing creators and projects with the tools they need to succeed in the space.
Using the NFT marketplace builder will be completely free, and users will not have to worry about any upfront costs.
Rarible is committed to providing a seamless experience for its users and will not charge any monthly costs or transaction fees once the custom NFT marketplaces are up and running.
The platform is designed to be user-friendly, and no coding knowledge is required to build and launch an NFT marketplace.
Rarible is not just stopping at launching a marketplace builder tool; it also provides a top-notch service to ensure that any additional features or customizations required by its users are taken care of.
The company offers a white glove service that caters to projects that require specific needs. Some of the projects that have availed of this service include CryptoPunks V1, Pixel Vault, and Fox’s Krapopolis and Fox Deportes NFT projects.
Rarible is not just a marketplace for NFTs. It also offers a range of features that sets it apart from its competitors. The platform aggregates NFT collections and projects hosted on multiple blockchains, making it a one-stop shop for NFT enthusiasts.
Rarible is one of the few NFT marketplaces that support the Royalty Registry, a smart contract that enables users to set royalty terms on their works easily.
The new marketplace builder tool is specifically designed for creators with collections hosted on the Polygon network. However, the platform also offers a marketplace builder for Ethereum ERC-721 and ERC-1155 NFT collections.
This means that creators already established on the Ethereum blockchain can also utilize the marketplace builder and customize their own marketplace.
Rarible’s new marketplace builder is a significant step forward for NFT creators and projects. The ability to control one’s marketplace and protect revenue from policy changes will be a game-changer for the NFT industry, and other NFT marketplaces will likely follow Rarible’s lead.
As the NFT market continues to evolve, we expect to see more innovative tools and services to help creators and projects thrive in the space.