Investors have bought 860,330 collectibles for a mind-boggling $1.83 billion in the last 30 days. Undoubtedly, the surreal growth of the metaverse has benefited artists, brands, influencers, and celebrities immensely. Importantly, there is a multi-chain compatible marketplace that has sold a whopping 214,406 NFTs in just 3 years. It is none other than Rarible. The popular platform operates on 3 blockchain networks, Ethereum, Flow, and Tezos. Investors can purchase rare artwork, photos, memes, games, domain names, music, etc., by making bids. Are you an entrepreneur who is looking to build your wealth? It is an appropriate time to create an NFT marketplace like Rarible.
Know the Significance of an NFT Marketplace
It is a blockchain-based platform where creators can directly sell their limited-edition collectibles to investors. Generally, NFT marketplaces operate on various blockchains like Ethereum, Binance Smart Chain (BSC), Solana, Flow, Avalanche, Tezos, Waves, and WAX.
Artists have complete freedom in setting the price and organising auctions. Meanwhile, prospective buyers will receive real-time updates when NFTs are offered for sale. They can click the filters button and sort the crypto collectibles based on Price (High to Low and Low to High), Recently Added, and Verified Only.
Importantly, investors can process transactions quickly while purchasing Non-Fungible Tokens (NFTs). They can sync software wallets like Coinbase Wallet, MetaMask, Portis, Torus, Trust Wallet, Dapper, Kaikas, Fortmatic etc.
How Can You Establish an NFT Marketplace Similar to Rarible?
- Developing an NFT marketplace from scratch
- White-label NFT marketplace development
- NFT marketplace clone script development
Rarible Clone Script
It is an NFT marketplace solution containing features similar to Rarible. You will get benefits like customization, quick launch in the market, and round-the-clock technical support. Hence, artists, photographers, gamers, musicians, meme creators, etc., can mint and list their collectibles for sale quickly. Moreover, they can choose 3 types, Fixed Price, Timed Auctions, and Open Auctions for selling off their collectibles.
What are the special features of an NFT Marketplace like Rarible?
Users can discover attractive collections and valuable items for sale by clicking the search panel. They can see data about the number of collections for sale, the total trading volume, the number of owners, average floor price, and the market cap.
Investors can transfer payments for buying NFTs effortlessly by choosing software wallets based on the blockchain they use (Ethereum, Flow, and Tezos). Buyers can opt for MetaMask, Portis, Torus, Fortmatic, MyEtherWallet (MEW), Beacon, and Blocto.
Hot Bids section
It displays the crypto collectibles that are getting a huge number of bids from investors. Investors can click the NFTs, view the name of the creator, the royalty percentage, and the history of bids made by other buyers. Moreover, users can also share the crypto collectible on social media platforms like Facebook, Telegram, and Twitter.
Top Sellers panel
It discloses details of creators who sold a huge number of Non-Fungible Tokens (NFTs). Users can filter the data by clicking options like 1 day, 7 days, and 30 days. Prospective investors can also see the website and social media accounts of the content creators, the number of followers, the number of collections, and the NFTs on sale.
Users can invest in valuable NFTs by tapping the explore panel. They can choose options like Blockchain, Category, Collections, Sale Type (Buy Now, On Auction, Open for Offers, and Not for Sale), and Price Range.
It showcases the NFTs being created by artists across the world. Interested buyers can sort them by clicking
Investors can solve problems by contacting the help desk. They receive support for issues like setting up of accounts, processing of transactions, reporting duplicate Non-Fungible Tokens (NFTs), obtaining verified badges, and syncing of hardware and software wallets.
Analysing how Decentralised Autonomous Organisation (DAO) is the key aspect of a Rarible like NFT Marketplace?
$RARI is the governance token of the Rarible NFT marketplace. The daily trading volume of the ERC-20 tokens is around $3 million. Importantly, investors can also purchase the $RARI token from platforms like Uniswap, Balancer, Gate.io, Hotbit, Poloniex, Mooniswap, and MXC. Users can also purchase $RARI by exchanging their holdings of Ethereum (ETH), Wrapped Ethereum (WETH), and Tether (USDT).
Since January 2022, Rarible has been distributing the $RARI tokens every week. Users can cast their votes on important proposals that influence the future of the NFT marketplace. Besides that, investors also have to get their unclaimed $RARI before a proposal has been set.
Users can also make suggestions for adding new features, give feedback related to issues like viewing collections, refreshing metadata, and receiving notifications about auctions, and delays in getting payments from royalties.
Liquidity mining is the key aspect of governance tokens. This is because an equal amount of tokens will be reserved for both buyers and sellers.
Overall, the trading volume of NFTs on Rarible has surpassed $292.43 million. Want to experience such big numbers? Get in touch with a white-label solution provider now for Rarible like NFT marketplace development.