Rarible Launches a Multi-Wallet Feature and Adds Polygon NFTs
The NFT market protocol Rarible is expanding its multi-chain support, announcing today that it now supports NFT assets minted on Polygon.
Rarible, a non-fungible token (NFT) marketplace, has added Polygon to its growing list of blockchain partners, which includes Ethereum, Flow, and Tezos. Opensea, on the other hand, supports Ethereum, Polygon, and Klatyn. Last October, it introduced polygon-based NFTs.
Polygon is an Ethereum sidechain scaling solution that makes transactions cheaper and faster than on the mainnet. Unlike Ethereum's energy-intensive proof-of-work (PoW) mining mechanism, Polygon uses a more environmentally friendly proof-of-stake (PoS) consensus model that is nevertheless supported by the Ethereum network's security.
"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," said Alexei Falin, Rarible co-founder and CEO.
Rarible has announced a cooperation with Polygon Studios, an initiative that supports gaming, NFT, and metaverse projects built on the Ethereum scaling solution, in addition to enabling Polygon NFTs on its platform. As part of the partnership, Polygon Studios will help Rarible with marketing and developer assistance.
"As the protocol continues to evolve into the go-to platform for NFT developers, support from Polygon Studios will be extremely beneficial," Falin stated.
In addition to integrating Polygon to its platform, Rarible also announced a multi-wallet profile feature for Rarible.com, which allows users to sign in with up to 20 wallets at once across different blockchains. Users with numerous wallets across various supported ecosystems will no longer have to sign in and out every time they buy or sell NFTs on Rarible.
"We have seen firsthand how inconvenient it is to log in and out of wallets that hold collectibles spanning blockchains," said Falin. "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 offers a different methodology than the main marketplace in the field, OpenSea, and generates substantially less trading volume.
The RARI token, which pays users and gives them a role in governance, lies at the heart of the decentralized platform. Rarible has also accelerated the transition to a multi-chain future by supporting a variety of platforms.
While Rarible.com is an NFT marketplace, the Rarible Protocol that supports it can be utilized by other developers to power their own NFT apps.
Learn more: Here