Rarible
Current price
$0.1409
−7.27%24h
LiveUpdated 24s ago
TodayRarible drops 7.3%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.03%
- 24 hours−7.27%
- 7 days+3.99%
- 30 days+57.34%
- 1 year−77.63%
Rarible's move in context
Lagging the market today
−7.27% today against −3.27% for the market as a whole, a gap of 4.0 points. A gap this wide suggests something specific to Rarible may be moving it, not just the market mood.
Part of a climb
+4.0% over 7 days and +57.3% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Rarible
Overview
Rarible is a decentralized marketplace that empowers users to create, buy, and sell non-fungible tokens (NFTs). Its core mission is to democratize the creation and exchange of digital assets, allowing artists and creators to maintain control over their work while engaging directly with their audience. Rarible stands out due to its unique governance model, which enables holders of the RARI token to vote on critical platform decisions, thereby fostering a community-centric ecosystem. The marketplace is designed for ease of use, catering to both novice users and experienced blockchain enthusiasts, by offering tools for minting, trading, and discovering digital collectibles.
Technical Features
Rarible operates on the Ethereum blockchain, leveraging its robust infrastructure to ensure security and transparency. The platform uses the ERC-721 and ERC-1155 standards for NFTs, which allows for efficient management of individual assets as well as batch operations. Rarible employs a proof-of-stake consensus mechanism to validate transactions, promoting efficient energy use and faster transaction speeds compared to traditional proof-of-work systems. The security model is enhanced by smart contracts that automate processes and enforce rules for NFT transactions, minimizing the risk of fraud and ensuring that ownership rights are clear and traceable.
Use Cases
The primary use case of Rarible lies in the NFT marketplace, where users can mint and trade unique digital items such as artwork, music, and virtual real estate. It plays a significant role in the decentralized finance (DeFi) space by offering users the ability to stake their RARI tokens for rewards and participate in governance. Rarible also enables artists to create royalties for their NFTs, ensuring they receive ongoing compensation from future sales. Additionally, the platform serves as a bridge for cross-border payments by allowing users from different geographical locations to transact the same digital assets seamlessly.
Development Background
Rarible was founded in early 2020 by Alex Salnikov and Anton Bukovsky. The platform quickly gained recognition for its innovative approach to NFT trading and community governance. The initial launch garnered substantial interest, leading to partnerships with various artists and brands. Notably, Rarible held its governance token RARI launch in July 2020, marking a pivotal moment that allowed community members to influence the development and direction of the platform. Since its inception, Rarible has introduced numerous updates and improvements, adapting to the evolving landscape of NFTs and blockchain technology.
Community and Ecosystem
The Rarible ecosystem thrives on the contributions of its vibrant community and the various projects that have emerged around it. Developers have created applications that integrate with Rarible to enhance user experiences, including analytics tools, wallet services, and minting utilities. The platform has formed partnerships with notable organizations within the NFT space, fostering collaboration and expanding user reach. Rarible also actively engages with its community through social media, forums, and governance proposals, promoting transparency and user involvement at all levels.
Future Potential
Rarible’s future potential is considerable, driven by its focus on expanding the NFT ecosystem and enhancing user functionalities. Upcoming features on its roadmap include the development of more robust cross-platform integrations, advanced analytics tools, and improved user interfaces for seamless navigation. Additionally, as NFTs continue to gain traction in various industries such as gaming, music, and virtual reality, Rarible is well-positioned to capitalize on the growing demand for NFT marketplaces. The commitment to decentralization and community governance further sets Rarible apart, aligning its growth with the values of its user base and the broader blockchain community.
Rarible market
- Position by market cap among the coins we track.
- #396
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $2.55M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.1393High $0.1521
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $46.70
- Now 0% of itReached 29 Mar 2021 · Needs +33,049% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 18.12M RARI
- 72% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 25M RARI
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 25M RARI
- The most coins that can ever exist. Some coins have no limit.
Rarible converter
1 Rarible = $0.1409
