Rarible starts supporting NFTs created on Polygon and adds cross-wallet compatibility

This Thursday (17th), marketplace protocol NFT Rarible will continue its multi-blockchain expansion, announcing the implementation of support for non-fungible tokens (or NFTs, abbreviated as NFTs) issued on Polygon.

With Polygon joining Ethereum, Tezos, and Flow, Rarible’s platform count has grown to four.

Polygon is Ethereum’s “sidechain” scaling solution, which can process transactions cheaper and faster than on the Ethereum mainnet.

Unlike the proof-of-work (or PoW) mining system used by Ethereum, Polygon relies on a consensus model called Proof-of-Stake (or PoS), which is more environmentally friendly and further supported by the security of the Ethereum network .

Alexei Falin, co-founder and CEO of Rarible, said: “We have seen the NFT market grow rapidly over the past few years, but we recognize that there are certain obstacles in the industry, including high gas fees and ecosystem constraints.” decrypt.

He added: “As a large NFT protocol and marketplace, we have a responsibility to address issues related to the creation and consumption of NFTs, which is at the heart of our multi-blockchain vision.”

In addition to supporting Polygon NFTs on its platform, Rarible also announced a partnership with Polygon Studios, which plans to support games, NFTs, and Metaverse projects built on Ethereum scaling solutions.

As part of the alliance, Polygon Studios will assist Rarible with marketing and developer support.

“As the protocol continues to evolve into the platform of choice for NFT developers, Polygon Studios’ support will be extremely beneficial,” commented the director.

Rarible launches multi-wallet feature

With the arrival of Polygon, Rarible is also introducing a multi-wallet profile feature on the website Rarible.com, which allows users to connect up to 20 wallets across different blockchains at once.

This way, users with multiple wallets in different supported ecosystems don’t have to constantly connect and disconnect to buy and sell NFTs on Rarible.

“We immediately saw how inconvenient it was to connect and disconnect a wallet with collectibles. [de diferentes] Blockchain,” Fallin explained. “To make this process easier for our users, multi-wallet profiles can support a collection of any Rarible-compatible blockchain in one place, so you’re just one click away. to access the project,” he concluded.

Rarible generates far less volume than industry-leading marketplace OpenSea, but it also takes a different approach.

The decentralized platform is built around the RARI token, which rewards users and allows them to have a say in the governance process. Rarible is also driving a multi-blockchain future with cross-platform support.

Also, although Rarible.com is an NFT marketplace, the Rarible protocol it supports can only be used for your own NFT applications.

After initially being built on Ethereum, Rarible added support for Flow in November 2021. Flow is Dapper Labs’ blockchain platform responsible for the NBA Top Shot, UFC Strike, NFL all-day series, and a growing number of projects from outside creators.

In December, Rarible added support for NFTs on Tezos, a popular platform for digital artists that has attracted increasing interest from brands.

In November, Fallin told decrypt Polygon and Solana are also on Rarible’s roadmap. Currently, Solana is the second largest NFT ecosystem after Ethereum.

OpenSea is already compatible with Polygon, and while plans for Solana have not been officially announced, some leaked images suggest that OpenSea will also adopt the platform.

*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.co.

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