Rarible added Polygon NFT and multi-wallet support to the marketplace which is another great step ahead in the roadmap of the protocol so let’s read more today in our latest cryptocurrency news.
Rarible added polygon NFT and multi-wallet support to its marketplace and it also supports Tezos, Flow, and Ethereum. The NFT marketplace protocol Rarible continues its multichain expansion and announced it implemented support for NFT assets minted on Polygon. The addition brings Rarible’s total platform count to cour with Polygon joining Tezos, Ethereum, and Flow.
Polygon is a sidechain scaling solution for ETH which enables cheaper and faster transactions unlike the PoW mining system used for ETH, Polygon relies on an eco-friendly PoS consensus model which is backed by the security of the ETH network. The Rarible CEO Alexei Falin said:
“We have enjoyed watching the NFT market grow rapidly throughout the past two years, but acknowledge that there are certain roadblocks that exist within the space, including high gas fees and ecosystem limitations. As a top NFT protocol and marketplace, we have a responsibility to solve issues related to NFT creation and consumption, which is at the core of our multi-chain vision.”
In addition to supporting Polygon NFTs, Rarible announced a new partnership with Polygon Studios which will back gaming, NFT, and metaverse projects built on the Ethereum scaling solution. Polygon Studios will help Rarible with the marketing and developer support as a part of the alliance:
“As the protocol continues to evolve into the go-to platform for NFT developers, support from Polygon Studios will be extremely beneficial.”
In tandem with adding Polygon, Rarible launched a multi-wallet profile feature for the platform which allows sign-in with up to 20 wallets at a time across different blockchains. This way, the users that have multiple wallets on various supported ecosystems won’t have to sign in and out all the time when they are selling NFTs. Falin said:
“We have seen firsthand how inconvenient it is to log in and out of wallets that hold collectibles spanning blockchains. To streamline this process for our users, the multi-wallet profile can support collections across any Rarible-supported blockchain in one place, so you can access items with one simple click.”
Rarible generates less trading volume than Opensea but it also has a different approach. The platform is built around the RARI token which allows users and allows them to have a say in the governance. Rarible pushed faster towards a multi-chain future by supporting different platforms.