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Rarible has announced together with Arbitrum an initiative to empower on-chain creators and to explore earning opportunities with DeFi and NFT.
RARI Chain was created by the RARI Foundation, linked to the RARI DAO, within the Rarible ecosystem.
Summary
Rarible and RARI Chain: the power of DeFi and NFT
Rarible is one of the largest NFT marketplaces in the world.
The core of its platform is RARI, its token on Ethereum.
RARI Chain, on the other hand, is a layer-3 on Arbitrum, which in turn is a layer-2 of Ethereum.
This layer-3 is defined as a “Creator Chain” because it is expressly designed to create and sell NFTs, with royalties integrated at the node level. It has been designed to promote innovation and maximize earnings for both creators and collectors.
In fact, RARI Chain supports creators with various earning opportunities, including the commodification of creations, rewards, DEX, and the generation of native yields.
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RARI Foundation
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RARI Chain was created by the RARI Foundation.
This foundation was created in 2022, and it is a non-profit organization that acts as the official representative of the RARI DAO. The RARI DAO is governed by the holders of the RARI tokens, but it entrusts the RARI Foundation with crucial responsibilities.
RARI Foundation is committed to building NFT infrastructure to power innovative use cases for this technology, and plays a fundamental role within the DAO by leading treasury management and facilitating initiatives to align with the community’s vision.
The objective of the RARI Foundation is to empower the decentralized evolution of the Rarible API in order to facilitate the seamless transfer of ownership to the DAO.
The initiative of Rarible for NFT creators
RARI Chain, in collaboration with Arbitrum, has announced the launch of the DeFi Days.
This initiative is designed to enable creators to be perceived as the driving force of growth in the crypto sector, and aims to help creators seek and exploit earning opportunities in the dynamic Web3 landscape.
For this initiative, RARI Chain and Arbitrum Orbit have allocated a total prize pool of approximately $80,000, together with their partners.
The DeFi Days begin today, October 24, 2024, and can involve the approximately 150,000 people of the RARI Chain community, but also other people.
DeFi Days
The DeFi Days will activate ecosystem projects through Superboard missions, with rewards of approximately $80,000, they will organize workshops for creators in the DeFi Studio, and will host a contest for creators with an IRL showcase in Bangkok.
The initiative will last for 8 weeks and aims to provide various earning opportunities, including the commodification of creations, rewards for creators, DEX swaps, and native yield generation.
Furthermore, the creators will be educated on DeFi and alternative ways of earning in cryptocurrencies, in addition to NFT sales. This will serve to initiate a DeFi ecosystem on the RARI Chain that simplifies the process for creators to explore and leverage economic opportunities for themselves.
The DeFi Studio workshops will be held both in person and online, and among the most well-known locations are New York, Lisbon, and Bangkok.
The contest for Web3 artists is organized by RARI Chain, Arbitrum, Refraction DAO, HUG, SheFi, and the team of curators led by Aniko Berman together with Justin Gilanyi of Codex Projects. The winners will exhibit their art at the DevCon in Bangkok on November 13.
The comments
The head of strategy at RARI Foundation, Jana Bertram, stated:
“We are building a decentralized NFT future and have always supported creators and their ability to be rewarded. That’s why we are so excited to launch DeFi Days, which represents a significant step towards empowering creators in the web3 ecosystem. This initiative not only expands creators’ ability to earn during their Web3 journey but also provides creators with the knowledge and tools to navigate the ever-evolving landscape of decentralized finance. We believe that by fostering a connection between the creator and DeFi ecosystems, we can enhance the sustainability and longevity of the creator economy on the RARI Chain.”
The Senior Partnerships Manager of Offchain Labs, Peter Haymond, added:
“The DeFi Studio workshops are an exciting opportunity to support the next generation of creators. Leveraging the power of Arbitrum technology, we aim to provide a seamless experience for creators to explore and capitalize on various DeFi opportunities. This initiative aligns with our mission to create a scalable and inclusive blockchain environment that empowers not only developers but the entire community of creators.”