Non-fungible token (NFT) marketplace Rarible has announced the launch of a marketplace builder that allows artists and projects to customize a marketplace for their NFT pools based on Polygon.
In an announcement sent to Cointelegraph, Rarible explained that the new tool will allow various customization options, such as royalty fee adjustments, and will not require any cryptocurrency. The marketplace creator aims to allow creators to show off their “unique brand identity,” which the Rarible team claims is impossible to do in traditional NFT marketplaces.
Explaining why the Polygon Network platform chose the tool, the Rarible team explained that the blockchain has gained huge popularity in the NFT market. Recently, the Polygon NFT market has gained “enormous traction,” Alexey Valin, co-founder and CEO of Rarible, explained.
The team also believes that the buying and selling of NFTs will be in the community marketplaces in the future. Fallen said:
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“We see community marketplaces as the future of NFT buying and selling and we believe that every project should have its own marketplace. A self-service tool is essential to making this happen.”
Apart from Polygon-based NFT projects, Rarible also has a market generator for Ethereum ERC-721 and ERC-1155 blocks.
Related: Rarible NFT marketplace adds Web3 aggregation with new version
Amidst the bear market, NFT projects have created new tools to advance the space.
On January 11, NFT Index released a tool that ranks the trading performance of NFT collectors’ wallets. The index analyzes portfolios by their realized and unrealized gains and other factors.
While NFT projects add new tools or services, others are doing everything they can to navigate the crypto winter. NFT company SuperRare recently announced that it is laying off 30% of its workforce. The company’s CEO, John Crane, said they over-hired when market conditions were better, saying they “grew along with the market”. However, the NFT Market CEO also pointed out that this is not sustainable.
