Rarible is a community-driven NFT publishing and trading platform. A custom crypto asset that allows digital artists and creators to distribute and sell property representing ownership of their digital works. Rarible is a community marketplace for creating, selling, or collecting NFT. Notably, Rarible is both a marketplace for these assets and a distributed network built on Ethereum that can be traded without a middleman. Tokens created by the creator on Rarible are called irreplaceable tokens (NFTs). Each NFT is unique, and unlike Bitcoin (or any other unit of currency), they are not interchangeable. This property is called fungible, which is why tokens on Rarible are said to be irreplaceable. Rarible proved that NFT has gone beyond virtual cats. Examples of NFT found in Rarible's marketplace include digital artwork, memes, and even parcels of virtual land. At the heart of the platform is Rarible's cryptocurrency, RARI. RARI can be earned by using the platform, and by owning RARI tokens, users can vote on proposals that influence the platform, vetting creators and curating featured artwork.

To the seller (usually digital artists, models the creator or die because of makers and other content creators) and buyers can choose they want to buy works relate to the market, to transfer power to a control system based on software, by the user into a fully decentralized autonomous organization and management of NFT trading platform.

NFT is being developed across a number of industries and its applications are growing, including gaming, art and collectibles, virtual and augmented reality, real estate, event ticketing, brand licensing and tokenization of real world assets. At the same time, the platform for creating NFT and trading NFT tokens will become the infrastructure in this market. The Internet is a world that allows information to flow freely, from text to pictures to streaming video, the Internet has dramatically changed the way people live. Since the dawn of the Internet, we've had irreplaceable digital assets: domain names, event tickets, in-game items, even social networking accounts like Twitter, Facebook and Weibo. And with the growth of the Internet, we now have a lot of digital assets that we never really had.

Rarible has become the NFT digital collectibles and art market through the use of blockchain technology. The platform can be used to create or "cast" NFT, and the process is simple enough that anyone without NFT experience or programming skills can use the platform. This allows any artist or creationer to create and sell their digital products with zero barriers to entry and benefit from the security afforded by blockchain technology. Rarible is an NFT publishing and trading platform that creates and sells crypto collections protected by blockchain. Is a community-managed, open source, unhosted platform for users to cast, trade, and create collectibles. Users are free to enter Rarible without coding skills, create and display their own artwork, and can also buy artwork with ERC-20 tokens to collect. RARI mainly focuses on user-generated works of art, and uses NFT to provide proof of provenance to guarantee users' intellectual property rights for new works of art. NFT creators in the Rarible market are free to choose between 10% and 30% (the official recommended range).

To Create an NFT on Rarible, log in to rarible.com, bind your wallet, and click Create in the upper left corner. 2. Select Single or Multiple as required (Single adopts ERC-721 standard, can only cast Single NFT; Multiple adopts ERC-1155 standard, which can cast Multiple identical NFT at the same time. 3, choose to upload the images or artworks you want to cast NFT (supported formats include PNG, GIF, WEBP, MP4 and MP3, the maximum file size is 30MB), the data is offline, finally stored on the IPFS network; 4. During the NFT creation process, you can set whether you want to create a standalone NFT contract or a work deployed based on the Rarible NFT contract; 5. Introduce NFT, select royalty ratio of assets, select unlockable content (for example, people who buy NFT will also get a corresponding physical T-shirt), etc. 6, after completing the information, pay a certain handling fee, casting NFT. Overall, creating NFT on Rarible has a low barrier and ease of use. And in the process of each sale of NFT, the creator can get a certain proportion of the copyright fee. Rarible's move could inspire more creators to create NFT work on its platform.

RARI plays a key role in maintaining and operating the Rarible NFT platform: 1. Governance: RARI holders can collectively make decisions and vote on a variety of issues, including system updates, transaction fees, new features and future developments; 2. Management: review creators on the platform; 3. Featured works of art: RARI token holders can vote on featured works of art in the platform to decide who can be promoted by the platform to create high-quality creators and works.

NFT creation on Rarible is primarily the creation of non-fungible tokens via the ERC-721 smart contract standard, which are hosted on the Ethereum blockchain. By tokenizing a work, any artist or creative can guarantee its uniqueness and price the work, and the actual ownership is managed through blockchain, ensuring security. It is convenient for users to create and cast their own digital tokens, with low threshold, convenient user experience for non-coders, and low transaction costs in the peer-to-peer mode. In addition, when creating non-homogeneous tokens on Rarible, set a percentage inroyalties to be used for re-sales. For example, when a user-created digital painting is sold for 0.2ETH, the set royalty is 10%, and then the first buyer sells for a higher price of 0.5ETH, the royalty system kicks in and gives the original content creator 10% of the sale, or 0.05ETH. The decentralization of Rarible is very obvious. Decentralized trading platforms delegate governance to all who hold governance tokens, and the only way to earn those tokens is to buy them on crypto trading platforms. While these tokens are nominally used for governance, in practice many holders use them for profit. The decentralized model, coupled with governance tokens, allows users to manage the evolution and decisions of the platform, allowing the most active players to vote for any platform upgrade and participate in management and approval.

Rarible circulation is 25000000RARI. The total amount of circulation was 5163530RARI, with a circulation rate of 20.65%.

Considering the major NFT trading platforms in the market at present, many of them are still in the early stage, and only OpenSea has a direct competitive relationship with Rarible. 1. Ecological scale: At present, OpenSea is ahead of Rarible in terms of the number of users and transaction amount. The main reason is that OpenSea has a certain first-mover advantage, as well as the accumulated network effect caused by its early cooperation with many NFT projects. In addition, OpenSea is superior to Rarible in overall design. In the second half of 2020, in the first few months after Rarible began to mine liquidity in the market, Rarible's platform transactions grew significantly better than OpenSea's during the same period. However, in this year's new explosion of NFT concepts, Rarible is clearly not growing as fast as OpenSea. (1) From the perspective of integration projects, OpenSea has been deeply engaged in THE NFT track since 18 years ago, and has actively integrated with various well-developed NTF projects. So far, it has become a comprehensive NFT trading platform covering the widest range of categories and the largest number of digital commodities. At present, OpenSea is also actively exploring the ethereum layer 2 expansion plan, while Rarible has not taken corresponding measures in this regard. In addition, due to the earlier integration of some projects, the retention of a certain number of users, so the overall liquidity is better than similar platforms. (2) While Rarible is not as good as OpenSea overall, there is currently a lot of art activity on Rarible, with 279,654 NFT minted so far this year and 27,933 NFT minted in the past 30 days. 2. Fees: OpenSea and Rarible's 2.5% commissions are relatively low compared to other traditional platforms. And for creators, both platforms have Royalty Royalty (known on OpenSea and Rarible as Royalty), which means creators not only get Royalty on the first sale of a work but also get a percentage from each subsequent sale of that work. OpenSea has a royalty cap of 10%, while Rarible does not (official recommendations range from 10-30%). OpenSea and Rarible are similar in that they are encouraged to create NFT work on their platforms. The difference between OpenSea's and Rarible's charges is the way they are charged when casting NFT. On OpenSea, the cast NFT is chained only when the user successfully sells the item. That is, when a user casts an NFT on OpenSea, it is not actually "cast" on the blockchain unless the transaction is successful, so there is no fee for casting an NFT. On Rarible, the NFT is already linked when the user casts an NFT, so the NFT created on Rarible is never sold. You also need to pay a Gas fee in advance. In this respect, OpenSea's user experience is superior to Rarible's. Currently, for many new NFT players, it is difficult or even impossible to search for their creations on the platform, given their lack of visibility. OpenSea avoids the risk of having to pay a fee every time an NFT is cast. 3. NFT storage: NFT on OpenSea and Rarible is mainly stored on IPFS. Currently, due to the difficulty of fully linking assets for Ethereum networks (mainly due to the high Gas cost and the technical difficulty of implementing it), we are generally seeing NFT tokens being cast offline by storing documents with hash values (e.g., centralized servers or IPFS). IPFS, as a decentralized storage protocol, can store large volumes of data in various situations and ensure that data cannot be tampered with. 4, NFT authenticity: OpenSea and Rarible have similar practices in NFT authenticity verification. Both teams verify the authenticity of some public figures, big Vs or accounts with risk of fraud. After passing the authentication, there will be a check mark on the lower right corner of the profile picture (OpenSea is blue check mark, Yellow checkmark on Rarible), indicating that the account has been authenticated by the platform and its NFT is guaranteed.

In the early days, Rarible quickly rose in the NFT track by virtue of the way of mining with market liquidity. At present, the tokens in the hands of the team and early investors have not been released, and the circulation of RARI is small, and the coin holding addresses are scattered. Token is mainly used for project governance, which is generally good. The development period of Rarible so far is short, but the overall scale growth is very intuitive. In terms of business data, Rarible is at the forefront of the NFT industry, but the platform currently has the problem of cleaning transactions. On the one hand, for the project side, the project token is taken away by speculators for nothing. Although relevant measures have been taken to prevent it, it is still difficult to eliminate this phenomenon in essence. On the other hand, the handling fee generated in the process of cleaning transaction really exists, which also brings more fee sharing income for the project side in a disguised way.

1. Low transparency: Currently, in the Rarible economic model, the team and early investors hold 30% of the tokens, but the team has not specified the rules for the release of tokens in this part, and there are large uncertainties in the future. 2. Competition of similar racetracks: Rarible is not enough to compete with OpenSea at present. If OpenSea issues coins in the short term without significant improvement in Rarible, it is bound to have a considerable impact on Rarible and lose some users.

Rarible is a comprehensive NFT trading platform built on Ethereum. In the early stage, it quickly seized a considerable part of the market share by relying on innovative market liquidity mining methods. At present, the overall scale of ecological development is in good condition. The overall structure of the product is reasonable and easy to use, but there is still some room for improvement. If the product continues to be innovative and successful, it has a chance to become a competitor to OpenSea in the future

Rarible is in good financial condition and has sufficient funds for the long-term development of the team. The code base is not open source. In terms of products, the overall structure is reasonable, the threshold to create NFT on the platform is low, and the ease of use is good. In addition, in the process of each SALE of NFT, creators can obtain a certain proportion of copyright fees, which can encourage more creators to create NFT works on the platform. However, in terms of anti-counterfeiting measures, the current mainly rely on manual audit, the efficiency is relatively low, there is still a large space for improvement.

Rarible is an NFT publishing and trading platform where users can create and sell blockchain-protected digital collections and earn Rarible's governance token, RARI Rewards, by trading NFT. Combined with liquidity mining and DeFi autonomous organization mechanism, Rarible uses 60% of the total supply of governance token RARI for market mining, which is called market liquidity mining in this platform. As long as there are NFT token buying and selling behaviors, they can obtain the same share of governance token RARI every week. Miners will receive RARI tokens each week based on how many users buy and sell on the Rarible market. Market Liquidity mining will begin on July 15, 2020. 75,000 RARI will be distributed on a pro-rata basis each Sunday to users who buy or sell on Rarible within one week, with both buyer and seller receiving 50% of the allocation, for a total of 200 weeks (approximately 4 years) starting on July 19, 2020. The liquidity mining portion of RARI tokens is expected to release 5.7 million by the end of 2021. Purchases and sales in the market get RARI tokens.