Rarible Launches NFT Collection on Tezos Blockchain

CryptoNewsPipe
4 min readDec 21, 2021
Rarible Launches NFT Collection on Tezos Blockchain

The Tezos blockchain has been added to the Rarible NFT marketplace’s current list of blockchain networks.

NFT marketplaces have sprung up all over the place, and now there’s a new one on the scene.

Despite the concerns about the security of these platforms, names like OpenSea, Axie Marketplace, Rarible, SuperRare, Foundation, Larva Labs, and Nifty Gateway have grown in popularity and confidence.

While OpenSea is the market leader, other platforms have shown that they are close to realizing their full potential and may soon overtake the largest NFT marketplace.

Tezos blockchain has been added to the Rarible NFT marketplace’s current roster of blockchain networks, which includes Ethereum, Flow, and Tezos blockchain.

Rarible NFT Competes with OpenSea

The Rarible NFT marketplace appears to be identical to its primary competitor, OpenSea, at first impression. The exchange is one of the first to incorporate DeFi functionality, allowing users to manufacture, buy, and sell NFT tokens.

Rarible, on the other hand, has proved that it has adopted a unique strategy as it has grown, most notably with the issuance of the RARI governance token. The Rarible team wishes to devote more time and resources to the community’s growth and participation with RARI.

Rarible is striving for a multi-chain future in addition to the current largest Ethereum-powered network for NFTs. In November, Rarible gained support for Flow, Dapper Labs’ rapidly expanding blockchain network that hosts the NBA Top Shot.

Shortly after Flow’s introduction, plans for greater Tezos NFT support were disclosed.

Rarible is presently working on deploying the Tezos blockchain after receiving backing from Ethereum and Flow. As part of the strategic cooperation, Rarible will ease the selling and trade of NFTs issued on Tezos, as well as develop a secondary market for those NFTs.

It’s Not Just Ethereum

Tezos blockchain and Ubisoft, a well-known game producer, previously announced a cooperation to deploy the first NFT functionality.

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