The non-fungible token (NFT) market Rarible has announced the launch of a marketplace builder that allows artists and projects to customize a marketplace for their NFT collections.according to Polygon.
In an announcement sent to Cointelegraph, Rarible highlighted that the new tool will allow various customization options, such as royalty rate adjustments, and will not require any coding at all. The Market Maker is intended to allow makers to showcase their “unique brand identity”, something the Rarible team claims is impossible to do in traditional NFT marketplaces.
Explaining why the platform chose the Polygon network for the tool, the Rarible team highlighted that the blockchain had gained significant popularity in the NFT market. Alexei Falin, co-founder and CEO of Rarible, explained that the Polygon NFT market has recently gained “tremendous traction.”
The team also believes that the buying and selling of NFTs will take place in community markets in the future. Faline said:
“We see community markets as the future of NFT buying and selling and we believe that every project should have its own market. The self-service tool is vital to make this happen.”
Aside from Polygon-based NFT projects, Rarible also has a market maker for the Ethereum collections ERC-721 and ERC-1155.
Amid the bear market, NFT projects have created new tools to boost the space.
On January 11, an NFT Index published a tool that rates the trading performance of NFT collectors’ wallets. The index analyzes wallets based on their realized and unrealized gains and other factors.
While NFT projects add new tools or services, others do what they can to navigate the crypto winter. NFT marketplace SuperRare recently announced that it had laid off 30% of its workforce. The firm’s CEO, John Crain, said they overhired when market conditions were better, saying they “grew with the market.” However, the NFT market manager also pointed out that this was unsustainable.
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