On the 20th of October, Rarible, an Ethereum-based NFT marketplace, announced its platform upgrade to Rarible 2. This new version of Rarible will add more NFTs to Web3. This upgrade will add a new aggregation feature to Rarible that will provide prices and listings of Ethereum-based NFTs, which will be listed on different NFT marketplaces across Web3.
Rarible, the NFT marketplace, says that it is introducing new aggregation tools to its platform, which will allow users to showcase NFTs from across the Web3 space. This upgrade means that users can browse, purchase, or sell Ethereum-based digital assets from Rarible, LooksRare, X2Y2, OpenSea, and Sudoswap.
The chief strategy officer and co-founder of Rarible, Alex Salnikov, told Cointelegraph that the NFT platforms they have now are siloed, and aggregation is the way to change that. Moreover, he said that It creates an open environment where users can access the best prices for NFTs in one interface.
Rarible did this upgrade after a report from DappRadar, in which they hinted at impending NFT marketplace wars. Not only Rarible did aggregation upgrade to its platform after this report but also other marketplaces such as Uniswap and OpenSea acquired NFT aggregator platforms this past year.
However, Uniswap and OpenSea acquired outside aggregators, while Rarible transformed its services to an aggregation-based model, which stirred up direct competition between these platforms.
Rarible also introduced a new mechanism through which users can lock up their RARI token to earn rewards. Salnikov believes that this step is toward further decentralization of the platform. Salnikov said that the users get to make decisions on where the ecosystem goes next, and they have a say in Rarible’s future, and that’s something you could not get with just funds or an NFT.
This new upgrade from Rarible can help them in growing their platform and lead the NFT marketplace.