Rarible NFT Marketplace Announces Platform Upgrade & Adds Web3 Aggregation

• Blockchain Council
• October 21, 2022

The newly introduced aggregation tool offers listings and costs for Ethereum-based NFTs listed on major NFT markets throughout the Web3 ecosystem.

Rarible, a non-fungible token (NFT) platform built on Ethereum, announced the launch of Rarible 2, its new program.

According to the NFT marketplace, new aggregation tools are being launched to highlight NFTs from around the Web3 domain. Users can now search and buy digital assets depending on Ethereum from OpenSea, LooksRare, Sudoswap, X2Y2 & Rarible.

The Chief Operation Officer & Co-Founder of Rarible, Alex Salnikov, said that aggregating seems to be the best approach to break up the “siloed” nature of the current NFT platforms.

This Rarible program follows a DappRadar analysis that suggested future NFT “marketplace warfare” and emphasized other significant Web3 companies like Uniswap & OpenSea, each of which bought NFT aggregator companies over the last year.

Rarible changed its operations to an aggregation-based strategy instead of acquiring outside aggregators as OpenSea & Uniswap did. According to the article, these acquisitions might lead to more direct platform rivalry.

Additionally, Rarible established a system that permits customers to start locking up their RARI, its marketplace’s native currency, to get incentives and bonuses for participating there in the ecosystem. This, according to Salnikov, is indeed a move towards the platform’s increased decentralization.

Inside the Web3 group is a pertinent topic about the decentralization of NFT marketplaces. Several people have criticized industry leaders, including OpenSea, for being overly centralized over Twitter.

@Opensea delisted the Original TwitterScan collection, kept all FAKE collections and scams https://t.co/K1QALvI2QN pic.twitter.com/lrCOu7l2SI

— Grace.nft (@0xGracee) October 18, 2022

Centrally controlled marketplaces such MagicEden & OpenSea must be eliminated, according to a post from another person.

We allowed NFTs to become centralized, and ran into the same problems Bitcoin was created to solve

Not your fault @MagicEden or @opensea but you've got to go. We appreciate your service. ERC721 is moving to Defi.

— mylost.sol 《TYR》| tD | MonkeDAO Alpha Minter (@ChemixRx) October 18, 2022

Researchers previously rescued the Rarible marketplace from a possibly severe security vulnerability.

Quick Summary

The newly introduced aggregation tool offers listings & costs for Ethereum-based NFTs published on significant NFT markets throughout Web3. Alnikov claims that this is a move toward the system becoming even more decentralized, and “Members get to decide where the ecosystem moves further,” he claims.

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