Rarible has added Polygon to its list of supported blockchains. OpenSea only has three, but sells 1,000 times as much per week.
NFT (non-fungible token) market Polygon is Rarible’s newest blockchain integration, joining Ethereum, Flow, and Tezos as part of the platform’s multi-chain commerce ambition.
OpenSea, the market leader, supports Ethereum, Polygon, and Klatyn. Last October, it added polygon-based NFTs.
Rarible has been steadily expanding to additional chains since its introduction in early 2020, merging with Flow in June and Tezos in December. In November, Rarible added a messaging feature.
According to blockchain data provided by DappRadar, this hasn’t done much to enhance sales volume. Over the last seven days, OpenSea has made $414 million in weekly sales, whereas Rarible has only made $383,000.
A brand-new wallet
Rarible also stated that it will be releasing its own multi-chain wallet, however no specific timeframe was given. Fee splitting and royalty requirements for ERC-721 and ERC-1155 tokens created on the platform are also being added.
In a news statement, Rarible CEO Alexei Falin stated, “[Rarible] understands the duty to democratise all elements of NFTs for both artists and users.” “A relationship with Polygon is yet another milestone for Rarible Protocol, allowing its ecosystem’s burgeoning marketplaces and projects to reach out to new audiences and expand their back-end capabilities.”
Polygon Studios, the blockchain’s NFT and gaming arm, will provide marketing and technical support as part of the cooperation, according to the business.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.