Rarible, a non-fungible token marketplace (NFT), announced Wednesday that it now supports Tezos’ blockchain network. The move follows Rarible’s integration with the Flow blockchain protocol in mid-November, and the NFT marketplace now supports a total of three blockchain networks.
8th Largest NFT Marketplace Rarible Adds Tezos Support
Rarible claims it has increased its multi-chain compatibility by supporting three different blockchains, including Ethereum, Flow and the Tezos Proof-of-Stake (PoS). The strategic alliance with Tezos allows Rarible to provide users the ability to “mint low fee and energy-efficient NFTs, and support secondary sales of projects live on the Tezos ecosystem,” the company’s announcement explains.
Rarible, which has $260.45million in annual sales from 88.258 traders, is the 8th largest marketplace according to dappradar.com statistics. Rarible introduced support for the Flow Blockchain in November, but the NFT market originally launched using Ethereum. After Rarible secured $14 million in investors, the team announced its intention to make multi-chain compatibility possible at the end June.
Rarible’s announcement details that the “Tezos ecosystem has gained significant traction from leading brands, artists, creators, and sport franchises as the place to mint low cost and energy-efficient NFTs.” The Tezos blockchain recently made headlines when video game giant Ubisoft revealed an NFT platform built with Tezos. Ubisoft, the owner of the game franchises “Assassin’s Creed,” “Prince of Persia,” “Rabbids Invasion,” and “Just Dance,” recently released collectibles called “Digits.”
Secondary Support for Ubisoft’s Digits
Rarible details that secondary support for Ubisoft’s Digits will be added. “Through this collaboration, Rarible will immediately support secondary sales for Digits: NFTs originating from legacy video game company Ubisoft’s recently launched NFT platform on Tezos. Digits are high-quality, in-game collectibles with active utility value for players, and the first energy-efficient NFTs playable in AAA games made possible through Tezos’ PoS network,” the company explains.
Rarible’s announcement adds:
Rarible and Tezos have teamed up to launch Blazing Futures as a celebration. Blazing Futures, a collection featuring the work of ten Tezos artists will only be made available on Rarible from today.
Rarible will be joining the NFT market Hic et nunc. The marketplace sells non-fungible token collectibles based on Tezos. Hic et nunc’s sales have declined since the recent transition but the marketplace still managed to process $53.05 million in all-time sales among 53,711 traders. Tezos is home to Hic et nunc as well Rarible. Rarible released a messaging app on Nov 29 just before Tezos integration.
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