Rarible NFT marketplace adds Web3 aggregation with new version
Rarible, the Ethereum-based nonfungible token (NFT) marketplace, announced its platform upgrade to Rarible 2 on Oct. 20.
The NFT marketplace says it is introducing new aggregation tools to showcase NFTs from across the Web3 space. This means users can browse and purchase Ethereum-based digital assets from Rarible, OpenSea, LooksRare, X2Y2 and Sudoswap.
Alex Salnikov, the chief strategy officer and co-founder of Rarible, told Cointelegraph that the NFT platforms we have now are “siloed,” and aggregation is the way to change that.
This development from Rarible comes after a report from DappRadar, which hinted at impending NFT “marketplace wars.” DappRadar’s report highlighted other major platforms in the Web3 space such as Uniswap and OpenSea, both of which acquired NFT aggregator platforms this past year.
While OpenSea and Uniswap acquired outside aggregators, Rarible simply transformed its services to an aggregation-based model. The report says that such acquisitions could stir up direct competition between platforms.
Related: OpenSea to allow users to submit bulk NFT listings and purchases
Rarible also introduced a mechanism in which users can lock up their $RARI, the native token of the marketplace, to earn rewards and incentives for ecosystem participation. Salnikov says this is a step towards further decentralization of the platform.
Decentralization of NFT marketplaces is a relevant discussion within the Web3 community. Many on Twitter have been calling out market dominators like OpenSea for being too centralized.
Opensea is way too CENTRALIZED https://t.co/HdAFlQ4EeW
While another user tweeted that centralized marketplaces like MagicEden and OpenSea have got to go:
We allowed NFTs to become centralized, and ran into the
Read more on cointelegraph.com
