Alexei Falin, the CEO of Rarible, claimed that community marketplaces will be the future of NFT trading.
NFT marketplace Rarible has announced the availability of a marketplace builder that allows artists and projects to create a Polygon-compatible marketplace for their NFT collections.
Rarible emphasized that the new tool will provide numerous customization options, including royalty fee adjustments, and will not require coding. The marketplace developer intends to enable creators to show their “unique brand identity,” which the Rarible team argues is impossible in traditional NFT platforms.
What made the Rarible team select Polygon?
Explaining why the platform selected the Polygon network for the tool, the Rarible team emphasized the blockchain’s growing popularity in the NFT market. Alexei Falin, co-founder and CEO of Rarible, stated that the Polygon NFT industry has recently achieved “tremendous traction.”
The company also expects that NFTs will be traded on community marketplaces in the future.
Falin said: “We see community marketplaces as the future of NFT buying and selling and we believe every project should have its own marketplace. The self-serve tool is vital for making this happen.”
Rarible offers a marketplace creator for Ethereum ERC-721 and ERC-1155 collections in addition to Polygon-based NFT projects. Amid the bear market, NFT projects have made new tools to help the space move forward.
On January 11, an NFT index released a tool for analyzing the trading performance of NFT collectors’ wallets. The index analyzes wallets according to their realized and unrealized gains, as well as other factors.
While NFT projects add new tools or services, others do everything they can to survive the crypto winter. SuperRare, a marketplace for non-fungible tokens, recently announced a 30% decrease in its workforce. John Crain, the CEO of the company, stated that they overhired when market conditions were favorable and “grew in tandem with the market.” Nonetheless, the NFT marketplace executive emphasized that this was unsustainable.
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