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Popular NFT Marketplace Rarible Announces “Rarible 2” With New Features and Incentives

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At the time of reporting, Rarible is the ninth largest NFT marketplace according to DappRadar data. The platform’s newly expanded version is called “Rarible 2”. The two most significant updates include a web3 aggregator tool and new token-based rewards for users.

The aggregated marketplace means that users can now purchase NFTs from a range of Ethereum-based NFT marketplaces within Rarible. The list includes OpenSea, LooksRare, X2Y2, Sudoswap, and all community marketplaces powered by Rarible Protocol. 

Users will also apparently be able to buy NFTs from different marketplaces in a single transaction at no extra cost. This will hopefully cut down transaction costs as users will no longer have to pay multiple gas fees across marketplaces. 

The second update from Rarible 2 is its new rewards program. Originally, Rarible issued its native token, $RARI as a reward for listing and buying NFTs on the platform. Token holders also get governing rights in its decentralized autonomous organization, RARI DAO. 

Now, the DAO has introduced a new “locking” process wherein token holders can lock their tokens. Those who lock 100 $RARI or more will get a range of benefits. This includes 0% seller fees on the platform, private Discord access, RARI Prime badge, and veRARI tokens. 

Alternatively, those who have less than 100 $RARI tokens can lock them up in exchange for an equivalent amount of veRARI tokens. These tokens give them voting power on the RARI Foundation proposals. 

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