Home Regulations Tezos is the third blockchain integrated in Rarible

Tezos is the third blockchain integrated in Rarible

0
Tezos is the third blockchain integrated in Rarible

Rarible has previously announced integrations with Ethereum and Flow.

The proof-of-stake blockchain Tezos is the latest blockchain to be integrated into Rarible’s multichain marketplace, the NFT platform announced today. The collaboration will allow Rarible to offer secondary sales of live Tezos projects and allow users to handle energy-efficient NFTs with cost-effective gas charges.

The integration made possible by the Rarible protocol is to take place in two phases.

In phase one, users can immediately coin and make new Tezos NFTs, as well as trade on the secondary market. This includes access to Digits, Ubisoft’s in-game Metaverse collectibles.

In the second phase, Rarible will shape new NFT collections based on customer-specific contracts. Thus, royalties are established for the imported collections that previously existed on Tezos.

CEO Alexei Falin explained the importance of the partnership for Rarible:

Rarible firmly believes that the future of NFTs is cross-chain and that interoperability is the key to an optimized, successful NFT ecosystem. We have seen how many alternative blockchains have gained in importance in the NFT field due to their unique offerings, especially Tezos for its low cost and energy efficient minting process through proof-of-stake validation.“

Rarible began its efforts to build a multi-chain platform to consolidate the NFT space by integrating with Ethereum and Dapper Labs’ Flow. With Tezos on board, the company is next aiming for integrations with Solana and Polygon, the CEO announced.

“Rarible users will benefit from an enhanced experience on our marketplace while having access to a wider range of NFT projects that exist within the robust Tezos network”, Falin added.

To celebrate the integration, Rarible and Tezos have launched Blazing Futures, a first NFT collection curated by Diane Drubay, founder of We Are Museums and co-founder of NFTs on Hic Et Nunc. The collection includes artwork by 10 Tezos-based artists, available exclusively on Rarible.