On November 10, the non-fungible token (NFT) marketplace Rarible.com and the Rarible protocol announced an integration with the Flow blockchain. The announcement details that Rarible users can now create, list, and trade Flow-based NFTs on the marketplace.
The NFT market Rarible.com and the Rarible protocol have revealed the support of the Dapper Labs crafted blockchain network Flow. Rarible’s announcement explains that Flow-based NFT users will see “extremely low gas fees and a swift user experience.” For instance, data shows on Thursday, November 11, ethereum (ETH) network fees are 0.012 ether per transaction or $57.98. Rarible’s announcement notes that Flow’s network fees are around $0.0001 per transfer.
“Moreover, since Flow has been created with both end-users and developers in mind, we also integrated it with the Rarible Protocol, which means that you can now make use of fully open-source infrastructure to build NFT projects with Flow’s refined developer ergonomics,” the Rarible team details.
The Dapper Labs created Flow blockchain is well known for various NFT projects like NBA Top Shot and Cryptokitties. Flow recently partnered with Filecoin and joined forces with the tech giant Google in order to help bolster Web3 development, blockchain gaming, and non-fungible token (NFT) technology.
Rarible announced that it would integrate with Flow at the end of June. At the time, the NFT marketplace explained that it also raised $14 million in a Series A funding round. According to statistics from dappradar.com, Rarible’s all-time sales are around $264.69 million and it’s the sixth-largest NFT project in sales. Flow’s NBA Top Shot NFTs have seen $728.23 million in all-time sales and it’s the fourth leading NFT project in terms of overall sales.
What do you think about the NFT marketplace Rarible integrating the Flow blockchain this week? Let us know what you think about this subject in the comments section below.
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