About Rarible
Rarible is a decentralized NFT (Non-Fungible Token) marketplace operating primarily on the Ethereum blockchain, with support for additional chains like Flow and various Layer-2 solutions. Launched in 2020, the platform enables users to create, buy, sell, and trade digital assets such as art, collectibles, music, and virtual items. Rarible uses a decentralized governance structure via the RARI token, giving community members influence over the platform’s direction and features. A significant feature is its automated royalty system, which allows creators to earn ongoing commission from secondary sales of their NFTs. Recent updates include the addition of payment options in Euro, improving accessibility and usability for European users as interest and regulatory clarity in the region grow. The platform integrates with widely used digital wallets, offers user-friendly minting and listing tools, and provides transparent on-chain governance. While open globally, Rarible has increasingly tailored its offerings to accommodate European users seeking NFT solutions compatible with Euro payments and compliance.
What are alternatives for Rarible
👍 Pro's of using Rarible
- Community-driven governance gives users a say in platform development and policies
- Easy-to-use NFT minting tools lower the barrier for creators, regardless of blockchain experience
- Automated royalty payouts for creators ensure long-term earning potential from secondary sales
- Multi-chain and Layer-2 support help reduce transaction (gas) fees, which is beneficial for Euro-based users
- Euro payment integration and support for popular European wallets increase accessibility for non-crypto-native Europeans
👎 Con's of using Rarible
- Transaction (gas) fees on the Ethereum mainnet can remain volatile and high, posing a challenge for small Euro-denominated transactions
- NFT and crypto market volatility makes buying and reselling NFTs risky; assets can quickly lose value
- Regulatory and tax compliance in Europe vary by country and remain in flux, which can cause confusion or hidden liabilities for users
- Onboarding and wallet management may be confusing for newcomers, especially those unfamiliar with blockchain or NFTs
- Security risks such as scams, counterfeit NFTs, and phishing persist, requiring diligent user awareness and caution
