Marketplace protocol Rarible is one step ahead of Magic Eden by pitching an ApeCoin-centric NFT platform. There will be no marketplace fees for non-fungible tokens that are listed natively by holders.
Powered by the open-source Rarible Protocol, the marketplace, would also aggregate listings from other notable marketplaces like OpenSea and LooksRare to boost liquidity. Moreover, the marketplace will focus on NFT collections tied to the Yuga Lab’s Bored Ape ecosystem. This includes the original Bored Ape Yacht Club, the Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherside.
The ApeCoin DAO can vote on additional projects to include a decentralized autonomous organization (DAO) – an online community created around shared goals or interests with memberships represented via tokens. Launched in March, ApeCoin is an Ethereum-based token meant to power the metaverse experiences and other Web3 applications such as Yuga Lab’s upcoming Otherside game. Users can take advantage of fiat currency payments via MoonPay, dedicated support, and the ability to place a collection-wide offer.
Furthermore, Rarible will launch the marketplace within four weeks of DAO approval at zero cost. The platform has already launched marketplaces for other NFT projects like V1 Punks and Degenerate Apa Academy. Rarible has expanded to other chains. Evgeniy Medvedev, Head of Partnerships at Rarible, said Bored Apes and the whole Yuga ecosystem is a crown jewel of NFT projects on Ethereum. The platform wants to be there. He said they want to reduce the number of scams in the space, and this is the way Rarible can do it. Medvedev outlined that the user is not depending on the centralized marketplaces which could delist the collection.