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- RARI Chain redefines creator compensation in NFTs, incorporating royalties and ensuring an equitable and transparent ecosystem.
- The RARI Foundation, through RARI Chain, revolutionizes the NFT dynamic, empowering creators with speed, security and low costs.
In the Non-Fungible Token (NFTs) environment, where digital creativity and blockchain technology meet, creators play an important role as architects of this space. Their contribution is essential for the functioning of a robust industry, significant trading volume and the implementation of groundbreaking technological innovations.
However, despite their importance, a notable issue arises: creators often face challenges in sharing the profits generated in this digital ecosystem. This disparity in compensation becomes the focus of attention, evidencing a reality that requires a strategic solution.
The RARI Foundation has embarked on a mission to transform the traditional narrative of NFTs by introducing a solution that ensures creators receive their fair share of the pie. RARI Chain, which will launch today with a public test network, is not just another blockchain; it is a creator-led revolution built on Arbitrum, known for its speed and cost-effectiveness.
This Ethereum Virtual Machine (EVM)equivalent chain is designed to be a haven for creators, offering a cost-effective, high-performance, developer-friendly environment where royalties are built into its core.
RARI Chain Decentralization
The ethos of decentralization is ingrained in RARI Chain. From its inception, the chain will be governed by the community of $RARI token holders and the RARI DAO, ensuring that power and decision-making authority resides in the hands of those who contribute to the ecosystem. This commitment to decentralization aligns with the principles of the broader web3 movement, emphasizing community-driven governance models.
Strategic Partnerships with the RARI Foundation
Recognizing the importance of collaboration, the RARI Foundation has partnered with industry leaders such as Caldera, Gelato, LayerZero, Magic, Rarible, Thirdweb and WalletConnect. These strategic partnerships bring unique contributions to the infrastructure, fostering an ecosystem that goes beyond the capabilities of any single entity.
Exciting to see @rarifoundation building their RARI chain for Art Creators and NFTs on Arbitrum!💙 https://t.co/Wkb7CJ3AjG
— Arbitrum (💙,🧡) (@arbitrum) November 30, 2023
Features that Redefine the NFT Experience
Integrated Royalties
RARI Chain introduces an innovative feature where royalties are integrated at the node level. Creators can now set the percentage of their royalties per NFT or per collection, ensuring they receive fair compensation with each sale. This innovation is a game-changer, addressing one of the long-standing challenges in the NFT space.
Low and Predictable Costs
For collectors, RARI Chain offers relief from exorbitant gas fees. With costs of less than 1 cent to create, buy and trade NFTs, users can easily participate on the platform without worrying about transaction costs. The option to use USDC and credit card purchasing further democratizes access to the ecosystem.
Remarkable Speed and Security
The speed at which RARI Chain operates is truly impressive. With blocks confirmed every 250 milliseconds and processing 200 to 500 transactions per second, the chain eliminates the frustrating delays associated with some existing blockchain networks. Security is not compromised, as every transaction on RARI Chain is as secure as those on the Ethereum network.
Powering the NFT Ecosystem
RARI Chain’s impact extends beyond creators; it empowers collectors and builders to experiment with their ideas in a single, easy-to-use network. The commitment to transparency and inclusivity is evident as the RARI Foundation invites enthusiasts to explore rarichain.org to learn more and stay informed through its newsletter.
Community-Centered Governance
With a governance model driven by $RARI token holders and the RARI DAO, RARI Chain ensures that decisions are made collectively, aligning with the decentralized ethos of the blockchain space. The voice of the community is instrumental in shaping the future of the chain, fostering a sense of ownership among participants.
The Role of Partners in RARI Chain’s Success
RARI Chain’s launch partners play crucial roles in strengthening the technical layer and expanding outreach. Rarible, LayerZero, Gelato, Thirdweb, Magic and WalletConnect each bring unique elements to create a robust ecosystem for Rarible users. The integration of RARI Chain into the Rarible Protocol and Rarible X by Rarible exemplifies how partnerships can elevate the entire NFT market.
A New Dawn for NFTs
As RARI Chain prepares for its major launch, it heralds a new era for the NFT ecosystem, where creators are prioritized, costs are transparent, and transactions are fast and secure.
The collaborative spirit embodied by the RARI Foundation and its partners sets a precedent for the future of blockchain projects, emphasizing the strength that comes from unity and shared vision. Stay tuned as RARI Chain shapes the next chapter of NFTs, unlocking possibilities for creators, collectors and builders alike.
