The Launch of RARI Chain Mainnet on Arbitrum
The RARI Foundation has successfully launched the mainnet for RARI Chain on Arbitrum. This launch is a significant step in creating an NFT-specific chain that caters to the needs of creators. The mainnet utilizes the Arbitrum Nitro tech stack and introduces the unique feature of embedding royalties on the sequencer level.
Open Edition Collection Drops from Digital Artists
In celebration of the mainnet launch, the Rari Foundation, along with Rarible, HUG, Aniko Berman, and Justin Gilanyi, presents a series of open edition collection drops from ten digital artists. This collection features renowned artists such as Alien Queen, Amber Vittoria, and Andre Oshea.
Governance Oversight by RARI DAO
RARI Chain operates as a Layer 3 network on Ethereum to address scalability challenges in the NFT space. The platform offers customizable rules and independent governance mechanisms tailored to the specific needs of NFTs. Governance will be overseen by the RARI DAO, with active participation from $RARI token holders.
Jana Bertram, Head of Strategy at RARI Foundation, expressed her excitement about turning their vision into reality:
βThe launch of RARI Chain mainnet turns our vision of creating an NFT specific, creator-focused chain that becomes home for the creator economy into a reality.β
Royalty Embedded NFTs for Fair Compensation
RARI Chain’s mainnet ensures fair compensation for creators by embedding royalties on the node level. The platform offers a secure environment, low transaction costs, and fast block finality, making it ideal for mass NFT projects and users. Strategic partners like Rarible, LayerZero, Celestia, and Arbitrum played crucial roles in the mainnet launch.
RARI is also working towards establishing a grants fund and a Creator Fund to foster community-driven NFT innovation. The successful testnet phase engaged over 46,000 wallets and processed 251,000 transactions.
Hot Take: RARI Chain Empowers NFT Creators with Unique Features
The launch of RARI Chain’s mainnet on Arbitrum marks a significant milestone for the NFT space. With its embedded royalties and customizable governance mechanisms, RARI Chain empowers creators by providing them with fair compensation and a dedicated platform for their work. The collaboration with strategic partners further strengthens the ecosystem and enhances the user experience. As RARI Foundation continues to foster community-driven innovation through grants and support for creators, we can expect exciting developments in the NFT space on RARI Chain.
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