Rarible ($RARI) is a platform that allows users to create and sell their digital collectibles secured with blockchain technology.
Through the blockchain, Rarible has created a platform that allows artists and owners to reach a wider audience and find interested investors. All of these goals are achievable through the platform without risking an artist’s ownership of a particular art, or an owner’s claim over a collectible.
Many artists around the world want to share their vision with a global audience. That is certainly possible, but monetizing content has proven to be an immense challenge. Moreover, there is always the threat of someone stealing one’s artwork and using it for their own purposes. Blockchain technology can be of great use, with the help of platforms such as Rarible.
Through this platform, it becomes very easy to not only create, but also sell digital artworks and collectibles. Creators will be able to prove they are the creator, as the blockchain provides an immutable record. More importantly, this marketplace makes it very easy to monetize one’s hard work.
Known as Non-Fungible Tokens, or NFTs, Rarible is primarily designed to trade and sell unique or limited-edition creations. Following the video on the website, it is very easy to connect one’s wallet and gain access to the marketplace. Creators can choose the asset they want to sell, give it a name and description, and determine their own pricing for it.
What is an NFT?
An NFT is a token on the blockchain that proves ownership and confirms the rarity or scarcity of a digital asset. NFT is an abbreviation of Non-Fungible Token, meaning that each of these digital assets is unique in its own way. Each of these NFTs has its own registration number, similar to the address of a house or a car registration number.
Here’s how to create your own NFT on Rarible
- Go to Rarible.com and connect your wallet (i.e. Metamask)
- Click the blue CREATE button at the top of the page
- Select whether you want to mint a Single NFT or an NFT with multiple editions
- Upload your image, video, or music file
- Specify a price, name, description, royalties, and other info
- Click create item
- Your wallet will ask you to sign and pay for gas fees. Gas fees can be high, and it’s worth it to pick the right moment to mint an NFT.