Introducing The Rarible Protocol: An Open-Source, Cross-Chain Tool For NFT Innovation
Simplifying the go-to-market process for NFT projects and ideas
It’s finally here!
Today, we’re are proud to announce a set of open source tools (dubbed the “Rarible Protocol”) to drastically simplify the go-to-market process for NFT projects and ideas.
Creating an NFT project from the ground up is no easy feat — the Rarible.com team knows this firsthand. Long gone are the days where a project needed to build an entire NFT storefront or marketplace from scratch.
With the protocol, developers and teams can focus on what they are good at, while also tapping into an interoperable ecosystem of projects. Notably, the Rarible Protocol is the first open-sourced indexer protocol available to developers.
Key features of the protocol include
Decentralized Exchange with Fee Splitting Capability
Shared Order Book and Liquidity
Lazy Minting of Single (ERC721) or Edition (ERC1155) NFTs
Royalties Standard
Open Source Indexer
The protocol is currently deployed on Ethereum and will soon be available on Flow and Polygon.
Building on the Rarible Protocol
Currently, 20 diverse projects are building applications on the protocol, including Rarible.com, Reaction$, CocoNFT, DAOhaus, MintGate, Ownerfy, Cyber, Footium, NFP, Vertex, Mintdrop, Zerion, Genies, Decentraland, Rarepress, and BlockEx.
Developers can build many other applications including:
Customizable NFT Storefronts
From large-scale projects like Rarible.com, to small-scale options for creators, the protocol makes the development and customization of NFT storefronts simple.
NFT Minting Apps
Because of the shared orderbook, applications on the protocol can also choose to Mint NFTs and let other applications deal with the sale and distribution of those NFTs. This eliminates some of the challenges associated with bootstrapping demand and should drastically reduce time to market for ideas.
Browsing / Discovery / Management
There are various applications that might want to use the protocol for browsing / discovery and management of NFTs, including Wallets or DAO frameworks or Multisigs for example.
Features Monetization
With the Rarible Protocol, developers can create innovative features and integrate applications on the protocol to test, validate, and monetize via fee splitting.
Data Analytics Tools
Easily create analytical solutions for NFT prices, trades and scarcity.
Incubating and Governing Together
While Rarible.com and the Rarible Protocol remain two separate entities, both share a core mission to build a community-driven and decentralized network to govern the parameters of the protocol.
This will be achieved through the Rarible DAO composed of valuable members within the community, from developers to thought leaders, who hold ownership and decision-making rights.
There are two main ways the Rarible DAO offers support to projects building on our protocol:
Distribution of ~40,000 $RARI tokens per week (currently valued at ~$500K USD) at the discretion of apps built on the protocol, with allocations proportional to their app-generated sales volume for the week, scaled quadratically.
Funding for new NFT projects, ideas, and features of up to $100,000 for developers building on the protocol. This funding is distributed via the approval of proposals submitted to Rarible DAO, as well as through DAO-sponsored hackathons.
Join us in building the future of digital ownership
Visit Rarible.org for more details and documentation
Join Rarible DAO Discord
Stop by Rarible DAO Community Call today, August 12th, 10am PST/1pm ET.