Introduction
With the disruptive spree of NFTs worldwide, a wide array of marketplaces has emerged which facilitate efficient transaction and trading of these NFTs. Among all the different names, some, like OpenSea, Rarible, Mintable, and LooksRare have regularly been in the limelight. But that does not necessarily give you a free pass towards these marketplaces.
In our previous blog of the series where we compare NFTICALLY with other so-called ‘populous’ marketplace OpenSea, we saw how simply name and fame are not the constituents you should look for in your NFT Marketplaces. In this blog, we analyze another famous NFT Marketplace, Rarible, and compare it with our multifunctional Marketplace services. Read-Along!
Good but limited functionality
Rarible charges a 2.5 percent service fee for every sale on both ends of the transaction, which serves as a listing cost. However, the seller might opt to pay the charge, which is 5% of the final transaction price. In addition, a…