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Rarible | A Platform’s Overview

Rarible | A Platform’s Overview

RARIBLE PLATFORM OVERVIEW

Rarible’s software allows digital artists and creators to issue and sell custom crypto assets representing ownership in their digital work.

Rarible is both a marketplace for those assets and a distributed network built on Ethereum that enables their trade without a middleman.

PROS

The Center of the platform is RARI, Rarible’s cryptocurrency. By owning RARI tokens, users can vote on proposals that affect the platform, moderate creators, and curate featured artwork.

Rarible aims to link sellers (typically content creators such as digital artists, model creators, or meme-makers) with buyers who can select pieces they wish to purchase.

HOW IT WORKS

To turn their work into an NFT, creators must first “mint” a token using Rarible’s software. To do so, they fill out a form on the website and attach their image and other data, such as a listing price, that represents their work.

The Rarible platform then creates a new token on the Ethereum blockchain. Similar to other tokens on Ethereum, the NFT can be transferred between wallets using Rarible’s software.

Read More about Rarible here

To discover other top NFT Marketplaces for Artists, go here.

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