a new experiment for advanced NFT trading

Rarible is about to launch a new experimental platform specifically designed for NFT trading: Rarible.FUN, created by traders for traders.

The difference lies in the fact that on traditional platforms, NFTs are generally purchased to hold them, or in any case to put them in a portfolio while waiting to possibly resell them, whereas in this case the time horizon is much shorter, because it is that of traders, and the focus is not on holding.

Rarible.FUN: the new platform for NFT trading

Rarible is one of the most important platforms in the NFT sector, launched in 2020 even before the NFT bubble of the following year began to inflate.

By now it has 8,700 partner stores to its credit, although starting from 2023 it has experienced a strong contraction in trading volumes, as have all the other NFT marketplaces.

Since the classic NFT marketplaces, like Rarible’s own platform, are not optimized for trading, they are experimenting with Rarible.FUN, which is the first active NFT marketplace on the newly launched MegaETH testnet.

The objective is to create a high-performance on-chain infrastructure, as MegaETH is precisely a blockchain specifically designed for real-time performance and web speed.

Rarible.FUN aims to be a revolution in the world of NFTs, because thanks to very low latencies, the user experience of traders will no longer be compromised, truly making it possible to trade successfully on-chain on NFTs.

MegaETH indeed offers interactions in the order of milliseconds, and Rarible.FUN positions itself as a cutting-edge platform of a new high-speed ecosystem that offers a preview of how next-generation blockchain infrastructure could radically reshape user expectations in web3.

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MegaETH

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MegaETH is a layer-2 on Ethereum designed to enable faster transactions and at lower costs.

In particular, it aims to consistently increase the number of transactions potentially manageable per second (TPS), in order to offer almost instantaneous transactions at very low costs, making Ethereum more efficient even for everyday use.

The project has received support from important figures in the crypto world, primarily from the famous co-founder of Ethereum Vitalik Buterin, and its blockchain is compatible with the Ethereum Virtual Machine (EVM). This way, existing applications on Ethereum can be easily ported to MegaETH.

MegaETH self-defines as the first “real-time” blockchain, precisely due to its very low latency, in the order of milliseconds, even though it is currently still only in the testnet phase. Furthermore, it promises to exceed 100,000 transactions per second.

The launch of Rarible.FUN

Rarible.FUN was launched yesterday in BETA version on the MegaETH testnet.

It is an advanced gaming environment for experienced users who wish to engage in NFT trading focused on performance.

It is still a product in continuous evolution, focused exclusively on the refinement of the trading experience through a smooth interface, intuitive flows, and ultra-fast performance.

The early launch on the MegaETH testnet is intended to create liquidity and momentum in the community before it takes place on the mainnet, with particular focus on user engagement and loyalty as the ecosystem expands.

More than a demo, it is a live environment where feedback is collected and rapid interactions are executed.

The comments of the dirigenti

The CEO and co-founder of Rarible, Alexei Falin, stated:

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“Rarible.FUN is not based on an excess of features, but on concentration. We have created a super-fast NFT interface with one of the most intuitive user experiences on the market. It is designed for collectors and traders who just want to trade, quickly… and it’s just the beginning: we are developing it publicly, based on real user feedback”.

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The co-founder of MegaETH, Shuyao Kong, added:

“MegaETH was designed to bring web3 experiences to web2 levels. With Rarible.FUN, we are excited to showcase what can be achieved when blockchain infrastructure is designed for real-time use cases. We bring back the fun without compromising the user experience”.