Rarible Protocol integration into Chiliz Chain: Paving the way for next-gen NFT marketplaces

10 months ago 6

ARTICLE AD BOX

London, United Kingdom, January 4th, 2024, Chainwire

Chiliz, the leading blockchain provider for the sports and entertainment industry, today announced the integration of Rarible’s innovative protocol into the Chiliz Chain, heralding a new era for NFT marketplaces and digital collectibles.

Developers can now leverage Rarible Protocol to construct custom NFT marketplaces on the Chiliz Chain. Additionally, SportFi dApps, wallets, and marketplaces will gain real-time access to NFT ownership and provenance data, enhancing user experience in the NFT domain.

Rarible Protocol is a decentralized toolkit that simplifies NFT interactions offering features such as enforced royalties, multi-chain aggregation, and fast indexing. Its blockchain-agnostic nature and the Multichain SDK enable developers to seamlessly query, issue, and trade NFTs on the Chiliz Chain. The protocol also provides a treasure trove of NFT-related data, both on-chain (ownership, transactions) and off-chain (orders, bids, auctions), fostering a comprehensive NFT ecosystem for any IP owner and content creator to power their own custom-built marketplace.

This integration prioritizes performance and cost-effectiveness. Rarible’s commitment to low gas consumption and high-performance tools aligns perfectly with Chiliz’s vision of providing an efficient, user-friendly NFT experience. Features like fee splitting across creators and continuous smart contract optimization will drive down costs, making NFT transactions more accessible.

Rarible Protocol is already used by 4000+ applications and is governed by $RARI holders and the delegate community. The protocol enables the introduction of front-end fees, offering new monetization avenues for creators. This, combined with the robust, easy-to-use tech stack, paves the way for a diverse range of NFT marketplaces and digital collectibles, enriching the Chiliz ecosystem.

Chiliz Chain is fast becoming the home for leading sports brands in web3, with the door open for builders to explore innovative ways to pioneer SportFi applications.

About Chiliz

Chiliz is the home of SportFi, where sports brands meet decentralized opportunities. Our infrastructure is driven by the Chiliz Chain, the first Layer-1 EVM compatible blockchain for sports and entertainment which now has a diverse ecosystem, fuelled by Chiliz native token CHZ. Our primary product on the Chiliz Chain, Socios.com, hosts a global community of over two million users, which makes it the largest non-finance/trading-centric Web3 consumer-facing product globally by user base. We have partnerships with 150+ brands, including the giants of world sport such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, A.S. Roma and major F1 teams. Visit www.chiliz.com for more information.

About Rarible

Rarible is a leading blue-chip NFT platform that powers both established and emerging brands and creators. Through a multi-chain, aggregated marketplace for NFTs, a self-serve marketplace builder tool, and a white-glove service for custom marketplaces, our products help brands and creators achieve success at every stage of their NFT journey.