Benzinga - In a major move, Rarible (CRYPTO:RARI), a prominent decentralized NFT platform, has announced its decision to cease aggregating orders from other NFT marketplaces, including OpenSea and LooksRare. This strategic shift is in line with Rarible's renewed focus on fully embracing the royalty system for its artists and creators.
Why the Change? Rarible's decision stems from its commitment to ensuring that artists and creators receive their fair share of royalties from secondary sales. By ending the aggregation of orders from other platforms, Rarible aims to create a more transparent and equitable ecosystem for its users. This move is expected to bolster trust among artists and collectors, ensuring that creators are adequately compensated for their work.
See Also: Mark Cuban And Yuga Labs Weigh In On OpenSea Creator Drama
The Royalty Revolution Royalties have become a hot topic in the NFT space, with many artists advocating for a system that ensures they earn a percentage from the secondary sales of their work. Rarible's decision to fully embrace this system underscores the platform's dedication to supporting its community of creators. By ensuring that artists receive their rightful royalties, Rarible is setting a precedent for other platforms to follow.
Not your marketplace not your royaltiesA Glimpse into the Future In related news, Rarible's Co-founder, Alex Salnikov is slated to speak at Benzinga's upcoming "Future Of Digital Assets" Event in New York. This event promises to be a melting pot of ideas, innovations, and discussions about the future trajectory of digital assets. Given Rarible's recent strategic shifts and its position in the NFT space, the co-founder's insights are eagerly anticipated.— Alex Salnikov Rarible (@insider0x) August 17, 2023
Salnikov will be joining Benzinga’s weekly crypto open mic X/Twitter spaces on Thursday at 6 p.m. ET. Make sure to set a reminder.
Tomorrow!Get Your Ticket Now! Interested in diving deeper into the world of digital assets and hearing firsthand from industry leaders like Rarible's co-founder? Don't miss out on this golden opportunity. Purchase your ticket now and be a part of this groundbreaking event. Join the conversation and be at the forefront of the digital asset revolution!https://t.co/c03cipb7bJ
— J Rod (@SafdiyeJose) August 23, 2023
Now Read: If You Invested $1,000 In Dogecoin When Elon Musk Said 'One Word: Doge,' Here's How Much You'd Have Today
This article was partially edited with AI tools and reviewed and published by a Benzinga editor.
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