Chiliz, a leading provider of blockchain technology for the sports and entertainment industries, has integrated Rarible Protocol into the Chiliz Chain in an effort to usher in a new era for NFT marketplaces and digital collectibles.
The Rarible Protocol is made available to developers to build custom NFT regions on the Chiliz Chain. Additionally, SportFi dApps, wallets and marketplaces will be integrated with real NFT ownership and original data, increasing the overall user exposure of the NFT space.
The Rarible Protocol functions as a decentralized toolkit that streamlines NFT transactions by providing benefits such as mandatory royalties, multi-chain collections, and fast indexing. The multichain SDK and blockchain-agnostic nature allow developers to effortlessly request, distribute, and trade NFTs both off-chain and on-chain. This facilitates the development of a comprehensive NFT ecosystem relevant to every content developer and IP owner to enhance their specialized marketplace.
The primary emphasis of this integration is on efficiency and reduction of expenses. Rarible’s commitment to reducing fuel consumption and developing more efficient tools is fully aligned with Chiliz’s goal of providing an efficient and user-centric experience. Efforts to continuously optimize smart contracts and distribute fees among developers will reduce costs while promoting greater compatibility with NFT transactions.
Currently, more than 4,000 applications are actively using the Rarible Protocol, which is under the jurisdiction of $RARI holders and the delegate community. The protocol enables front-end fee collection, providing developers with the latest monetization techniques. This feature, combined with the technology stack, facilitates the integration of various NFT marketplaces and digital collections, expanding the Chiliz ecosystem.
Chiliz is the SportFi hub, where sports organizations can connect to decentralized solutions. The Chiliz Chain powers their foundation. This is the first Layer 1 flexible blockchain focused on sports and entertainment, and now has a diverse ecosystem supported by Chilliz’s traditional token, CHZ.
Rarible is a premier NFT platform that helps grow both established and emerging companies and developers. Their offering supports organizations and developers in achieving success throughout the NFT journey by leveraging a self-service marketplace developer tool and a centralized marketplace for multi-chain NFTs.
