Multi-chain compatibility will enable users to trade Tezos NFTs on the Rarible marketplace
Nonfungible token (NFT) marketplace Rarible officially launched its integration with proof-of-stake blockchain Tezos on Wednesday. This collaboration will allow Rarible to feature Tezos NFTs on its marketplace and support secondary sales of live Tezos projects while enabling users to mint low-fee NFTs.
Rarible’s integration with Tezos marks the third layer one blockchain supported by the platform, alongside Ethereum and Flow, Dapper Labs’ blockchain network that powers NBA Top Shot. In Rarible’s effort to build a multi-chain platform to consolidate the NFT space, integrations with Solana and Polygon are next, according to Rarible CEO Alexei Falin, who told Cointelegraph:
“Rarible firmly believes that the future of NFTs is cross-chain, and that interoperability is the key to a streamlined, successful NFT ecosystem. We have seen many alternative blockchains gain traction in the NFT space for their unique offerings, specifically Tezos for its low costs and energy-efficient minting process through proof-of-stake validation.”
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The integration will roll out in two phases, according to the company. Users are already able to mint, buy and sell new Tezos NFTs, as well as trade on the secondary market, starting with in-game metaverse collectibles called Digits from legacy gaming organization Ubisoft. Next, Rarible plans to mint new collections via custom contracts and set up royalties for imported collections that had previously existed on Tezos.
Rarible and Tezos have also launched an inaugural NFT collection, entitled Blazing Futures, curated by Diane Drubay, founder of We Are Museums and a minter of NFTs on Hic Et Nunc. The Blazing Futures drop features exclusive-to-Rarible work from 10 Tezos-based artists.
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Falin added that he hopes “Rarible users will benefit from an enhanced experience on our marketplace, while enjoying exposure to a wider array of NFT projects that exist within the robust Tezos network.”
The integration was made possible via Rarible Protocol, the open-source cross-chain community-governed NFT protocol that Rarible.com runs on top of.