New breakthrough, RARI Chain is ready to be a game-changer in the NFT world!

Are you ready to see a bright future for NFTs? The RARI Foundation, known for its NFT marketplace Rarible, has just launched RARI Chain, an Ethereum-compatible blockchain that promises to solve the NFT royalty problem. With this innovation, RARI Chain has the potential to be a game-changer in the dynamic crypto industry. Check out the full news below!

Solving the NFT Royalty Issue

RARI Chain is the answer to the long debate over NFT royalties, which are often inconsistent. By embedding the royalty system directly at the node level, RARI Chain ensures that every NFT transaction will provide royalties to its creator. This is good news for creators who depend on royalties as their main source of income. The ability to set royalty fees for both collections and individual NFTs is a significant plus. Moreover, the 22% increase in the RARI token price in the past week demonstrates the market's positive response to this initiative. RARI Chain promises not only fairness for creators but also economic stability in the NFT ecosystem.

Expansion of NFT Use CaseSource: Forbes

RARI Chain focuses not only on royalties but also on the expansion of NFT use cases. By adopting Arbitrum's Orbit, RARI Chain offers very low transaction fees and high speed, with the ability to process 200 to 500 transactions per second (TPS). This opens up opportunities for a wider and more diverse range of NFT use cases. In addition, RARI Chain supports payment of transaction fees using ETH, USDC, or US dollars via credit card. Integration with the Rarible and Rarible X platforms makes RARI Chain a complete solution for NFT users. With support from projects such as LayerZero, Gelato, Thirdweb, Magic, and WalletConnect, RARI Chain is ready to bring a new experience to NFT transactions.

The RARI Foundation's Future Strategy

RARI Foundation's strategy in developing RARI Chain shows their commitment to a brighter future for NFTs. By incorporating the latest technology and understanding market needs, RARI Chain is expected to attract more creators and users. RARI Chain will be managed by RARI token holders and the RARI DAO, ensuring democratic and transparent governance. The trend of creating custom blockchains by major crypto projects is increasing, as seen from Blur's launch of Blast and dYdX Chain's incentive program. RARI Chain, with its guaranteed royalty feature, can be a prime destination for creators who want certainty of income from their work. With the launch of RARI Chain, the RARI Foundation is asserting its position as an innovator in the NFT world. This move not only benefits creators but also enriches the crypto ecosystem as a whole. We should all look forward to how RARI Chain will change the landscape of NFTs and take the industry to new heights.

*Disclaimer
This content aims to enrich readers' information. Always do your own research and use cold hard cash before investing. All crypto asset trading and investment activities are the responsibility of the reader.
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