Rarible's NFT Aggregator Allows Free Price Comparisons across Marketplaces
Aaron Limbu Oct 18, 2022 04:30
The NFT aggregator of Rarible will allow visitors in the marketplace to browse listings across several marketplaces and compare prices.
Rarible has launched a non-fungible token (NFT) aggregator, visible on the website's homepage.
The new feature will allow visitors of the NFT marketplace to browse listings across several marketplaces and compare prices.
The aggregator comes with a search bar where visitors can access the filter to look for NFTs based on prices, trending projects, recently-listed items and auctions that are about to close.
According to Rarible’s co-founder Alexei Falin, the function of the aggregator is similar to that of Google or that it is "Google for NFTs." The new feature has the capability to pull data about NFTs across several marketplaces and blockchains to help users find the best prices.
However, Rarible will not charge anything extra for using the aggregator.
Besides the aggregator, Rarible also introduced a new feature dubbed the “lazy minting” feature, billed to lower entry barriers for all creators utilizing its platform.
The lazy minting feature will help in transferring the cost of the minting to those interested in the particular artwork, a move that saves users the upfront cost of minting an entire collection.
According to Blockchain.News, the cost of minting an NFT can be very high, especially when it is on the Ethereum network. Digital art collectors have often focused their minds on the return on their investments, which helps bear the increased cost of the minting. Depending on the success of the particular project, the creators may come down with losses as some are often unable to make enough sales to cover the cost of minting their collections.
Prior to introducing the aggregator, Rariable partnered with Adobe to improve the authenticity of digital art created through Adobe Creative Cloud solutions, including Photoshop, Stock, and Behance.
As announced by Rarible, the partnership, which is billed to leverage the marketplace’s own Content Authenticity Initiative (CAI), is set to help combat visual misinformation and protect creators through digital provenance.
The artworks created by users on Photoshop can now be linked to social media accounts and wallet addresses which are billed to be displayed on the user’s profile on Rarible.
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