Rarible Protocol is the leading open source and multi-chain NFT protocol allowing fully customized NFT experiences. As of Today, Rarible announced its integration with the Solana blockchain. This is now the fifth compatible blockchain part of the Rarible ecosystem.
The Rarible brand’s core belief is that no two NFT communities are the same. Building off that notion, the protocol is partnering with the Degenerate Ape Academy (DAA) – a top Solana NFT collection. The launch will feature a DAA community marketplace, enhancing and curating an NFT experience for the 105K+ DAA community.
Degenerate Ape Academy minted in August 2021 historically as the first trustless NFT launch on Solana. DAA is an established part of blockchain history and has built a large loyal community.
What is Rarible Protocol
Rarible Protocol is a set of tools for NFT builders composed of a decentralized exchange. They offer NFT minting smart contracts and an open-source NFT indexer compatible with Ethereum, Tezos, Flow, Polygon, and now Solana.
Rarible Protocol is an innovator facilitating customized NFT experiences. Further, the partnership with DAA will build its direct-to-consumer marketplace. Also, it will provide creators with the tools to bring new marketplaces to life. To conclude, their goal is to provide users with an extremely personalized experience.
The DAA community marketplace will provide holders with a number of benefits unavailable on aggregate marketplaces. This is a major game-changer as we haven’t seen anything like this for specific NFT collections. Consequently, one benefit to note is a fixed percentage of every sale goes directly to the Degen Ape DAO.
The Degenerative Ape Academy is a collection of 10K Solana-based NFTs. They currently can be found on Magic Eden and have a floor price of 72 SOL. This is the second most valuable Solana NFT collection behind Solana Monkey Business.
Rarible’s Benefits and Competitive Advantages
As mentioned earlier, this new marketplace integration on Rarible will feature several benefits that other platforms don’t. It will feature lower fees than competitors and open-source UX. Further, there will be community-voted fees to the marketplace treasury will be featured. This will put more power in the hands of the NFT holder.
The Rarible Protocol marketplace for Degen Apes will also have enhanced liquidity by cross-listing collectibles to the Rarible.com marketplace. Finally, it will include decentralized infrastructure. All these aspects will contribute to offering the best user-friendly experience.
In conclusion, through this partnership, Degenerate Ape Academy, and all other collections part of their ecosystem will be trading on the new community marketplace. To end, this partnership enables custom experiences and gives back to Degeniverse NFT holders while furthering Rarible Protocol’s multi-chain vision.