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Rarible Announces Expansion to Tezos Blockchain for NFTs with Royalty Policy Compliance

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It is reported that the NFT market Rarible announced the expansion to the Tezos blockchain. The Rarible aggregation tool will also support the purchase of NFT …

Rarible Announces Expansion to Tezos Blockchain for NFTs with Royalty Policy Compliance

It is reported that the NFT market Rarible announced the expansion to the Tezos blockchain. The Rarible aggregation tool will also support the purchase of NFT based on the Tezos blockchain in markets such as Objkt and Teia, fxhash and Versum. It is reported that Rarible will comply with the creator royalty policy of all Tezos NFT markets.

NFT market Rarible announced support for Tezos blockchain

Interpretation of the news:


Rarible, a leading non-fungible token (NFT) marketplace, has recently announced its expansion towards the Tezos blockchain. This expansion enables the Rarible aggregation tool to support the purchase of NFT based on the Tezos blockchain, including markets such as Objkt, Teia, fxhash, and Versum. As an exciting announcement, it also indicates that Rarible will comply with the creator royalty policy of all Tezos NFT markets.

NFTs have taken the digital world by storm, with unique digital assets being traded across various platforms for significant sums of money. However, this has resulted in creators losing control over their creations since most marketplaces do not guarantee a creator’s ongoing profit from resales. This is where the concept of creator royalty policies comes in, allowing creators to gain a percentage of a piece’s value each time it’s resold. In this context, Rarible’s decision to comply with the royalty policy of all Tezos NFT markets is a significant step towards improving transparent and equitable compensation for creators.

Rarible is a well-known NFT marketplace that allows creators to sell and buy digital assets, including art, music, photography, and more. By expanding its footprint into the Tezos blockchain, Rarible provides its users with an additional avenue to showcase their art and other digital assets. This move also strengthens its position in the NFT market, which has been steadily growing for the past few years.

This expansion marks Rarible’s first move towards a blockchain that prioritizes energy efficiency and has the ability to improve human interaction with smart contracts. Tezos is an attractive blockchain offering improved security, formal verification of smart contracts, and on-chain governance. It also has one of the most extensive developer communities amongst blockchain protocols, making it a desirable option for NFT creators and sellers alike.

In conclusion, the Rarible expansion to the Tezos blockchain is a significant announcement in the NFT world. This move highlights the importance of creator compensation and enables NFT creators to receive ongoing value for their work. Rarible’s focus on supporting the royalty policy of Tezos NFT markets is a crucial step towards a more transparent, fair, and equitable NFT marketplace.

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