Rarible Protocol has announced that it is teaming up with Robotos NFT to create a custom NFT marketplace for the 10K collection. This is a significant upgrade for the NFT collection and its members. What is Rarible Protocol? Is it a custom Rarible marketplace that Robotos can use instead of OpenSea or other third-party marketplaces like OpenSea?
Why is Robotos launching a custom marketplace with Rarible Protocol?
Robotos is a popular 10K NFT collection created by the renowned artist Pablo Stanley. The current floor price for the collection is 0. 27 ETH and has seen 15.4K ETH (about $27.7M at current prices) in secondary volume so far.
Now Robotos, thanks to Rarible Protocol will have its own NFT marketplace. Through this partnership, the family-friendly NFT collection will be getting a dedicated home within the wider NFT world.
This partnership is in line with Rarible’s mission. This partnership is intended to enhance the user experience for Web3 communities. This is done by providing them with the tools to build custom platforms. Robotos, an NFT project, can benefit from a customized marketplace in a way that larger marketplaces don’t.
Could a custom NFT marketplace be better than OpenSea?
A couple of weeks ago, Rarible published a blog post titled “Why Community Marketplaces are the future of NFT trading“. Rarible argues that Community Marketplaces offer NFT projects significant advantages over third-party markets.
To list, this includes custom branding, lower fees, and the assurance that the NFT you’re buying is from the official collection. NFT projects that use Rarible Protocol have the ability to vote on fees for their marketplace. This allows them to decide how much of the trading fees goes back into the community/DAO treasury.
Rarible Co-founder Alex Salnikov spoke about the platform’s approach to community marketplaces in an exclusive comment to NFTevening.
“We believe that custom community marketplaces are critical to a sustainable, thriving NFT ecosystem. While most digital assets are only listed on aggregate marketplaces today, our team understands that new consumer needs are arising, and that a safe space to connect with like-minded individuals and strengthen Web3 communities at large is necessary to propel the space forward and further fulfill its ethos of decentralization.”
As a result, Rarible Protocol has already provided a marketplace solution for some notable NFT collections. Indeed, CryptoPunks V1 and Solana’s Degenerate Ape Academy both have their own marketplaces powered by Rarible Protocol.
What is Rarible Protocol?
Rarible Protocol is an open Source, cross-chain, community-governed NFT protocol. It allows NFT creators to quickly bring their projects to market. Rarible is a marketplace for projects such as Robotos. It also has connections with the most prominent players in Web3. For example, it has teamed up with Polygon, Immutable X, and Flow, to name a few.
Salnikov said of adding Robotos to Rarible’s list of partners:
“We’re thrilled to partner with the Robotos team as they launch their very own home within the Web3 world, and we’re excited to support them as they continue to build and strengthen their community.”
UPDATE: The Robotos NFT marketplace has now launched! You can check out the site here.
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