Blockchain

Rarible launches Polygon-based NFT marketplace builder

Rarible, a marketplace for nonfungible tokens (NFTs), has announced the debut of a marketplace builder. This builder gives artists and projects the ability to personalise a store for their NFT collections based on Polygon.

The Rarible team underlined the fact that the blockchain had acquired substantial popularity in the NFT industry while providing an explanation as to why the company decided to use the Polygon network for the application.

According to Alexei Falin, co-founder and CEO of Rarible, the Polygon NFT market has lately acquired "tremendous traction" in recent months.

Additionally, the team anticipates that in the near future, buying and selling NFTs will be able to take place on community markets.

Falin said: "We feel that community markets are the way of the future when it comes to buying and selling NFTs, and we think that every project ought to have its very own marketplace.

The self-service technology is very necessary in order to make this happen."

In addition to the Polygon-based NFT projects that Rarible offers, the company also provides a marketplace builder for Ethereum ERC-721 and ERC-1155 collection tokens.

NFT initiatives have developed new methods to improve the area despite the weak market that has been going on.

On January 11, a tool that evaluates the trading performances of NFT collectors' wallets was made available via an NFT index.

Wallets are evaluated based on their realised and unrealized profits, in addition to a number of other characteristics, by the index.

During the same time as NFT projects are developing new tools or services, other initiatives are doing all in their power to survive the crypto winter.

NFT marketplace SuperRare made the announcement not too long ago that it will be laying off thirty percent of its personnel.

The chief executive officer of the company, John Crain, said that the company "expanded in parallel with the market" and that they "over-hired" when market circumstances were favourable.

However, the CEO of the NFT marketplace pointed out that this cannot be maintained in the long run.

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