Quick take:
- Polygon’s integration brings Rarible total scaling platform count to four.
- Rarible has also announced a partnership with Polygon Studios.
- Rarible has launched a multi-chain wallet feature for the marketplace.
NFT protocol and marketplace Rarible announced today that it has integrated Polygon, allowing NFTs minted on the sidechain to be listed on the marketplace.
As part of Rarible’s multi-chain expansion, the integration of Polygon brings Rarible’s total scaling platform count to four as it joins Ethereum, Tezos, and Flow. The site integrated Flow in June last year and Tezos in December.
Polygon is a decentralised Ethereum scaling platform that enables faster transactions with lower gas fees compared to Ethereum.
Speaking to Decrypt, Rarible co-founder and CEO Alexei Falin said: “We have enjoyed watching the NFT market grow rapidly throughout the past two years, but acknowledge that there are certain roadblocks that exist within the space, including high gas fees and ecosystem limitations.”
“As a top NFT protocol and marketplace, we have a responsibility to solve issues related to NFT creation and consumption, which is at the core of our multi-chain vision,” he added.
Additionally, Rarible has announced a partnership with Polygon Studios, a media hub for NFT, gaming, and metaverse projects that are on the Polygon protocol. In this partnership, Polygon Studios will provide Rarible with marketing and developer support.
“Rarible understands the responsibility to democratize all aspects of NFTs for both creators and consumers,” Alexei Falin, CEO of Rarible, said in a press release. “A collaboration with Polygon is another achievement for Rarible Protocol that enables blossoming marketplaces and projects built within its ecosystem to access new communities and increase back-end capabilities.”
Along with the integration of Polygon, Rarible has also announced its multi-wallet feature today, though a release date was not specified.
The feature enables users to sign in with up to 20 wallets across different blockchains in one go. This allows users to stay signed in on all their wallets across various supported blockchains when buying and selling NFTs on Rarible as opposed to signing in and out.
“We have seen firsthand how inconvenient it is to log in and out of wallets that hold collectibles spanning blockchains,” Falin told Decrypt. “To streamline this process for our users, the multi-wallet profile can support collections across any Rarible-supported blockchain in one place, so you can access items with one simple click.”
Despite the multi-chain integration, Rarible’s trading volume remains dwarfed by leading NFT marketplace OpenSea. According to DappRadar, OpenSea has generated $414 million in sales over the last seven days while Rarible has $383,000.
Polygon recently raised $450 million in a private funding round led by Sequoia India to build its Web3 version of Amazon Web Services.
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