NFT Marketplace Rarible Inks Deal to Reduce High Gas Fees

Earlier this week, non-fungible token (NFT) marketplace and Rarible protocol announced it would be integrating with the Flow blockchain. The announcement means that Rarible users are now able to create, list and trade Flow-based NFTs on the Rarible marketplace.

Lower Gas Fees, Faster User Experience

The integration with Flow – a fast, decentralised, and sustainable blockchain – now allows users to create, list and trade Flow-based NFTs on the marketplace, ensuring lower gas fees and a swift user experience. As it stands, the most expensive type of transaction on Flow costs about US$0.0001, while the throughput on the blockchain is designed to scale to millions of active users.

Flow’s low gas fees and ability to scale many transactions is akin to what the popular project Sorare is achieving at the moment. A blockchain specifically tailored for optimal gaming and NFT experiences, Flow was originally created by Dapper Labs, which brought us CryptoKitties and NBA Top Shot.

Since Flow was created with both end-users and developers in mind, it will also integrate with the Rarible Protocol, meaning that users can now make use of fully open-source infrastructure to create NFT projects with Flow’s refined developer ergonomics.


Rarible Makes Strides in the NFT Game

Rarible recently also announced that it would partner up with Adobe to enhance the attribution of NFTs on the Rarible marketplace. Adobe will soon launch a “prepare as NFT” option to its Photoshop software in an attempt to counter an otherwise highly exploitable market. The system to be built into Photoshop can assist in proving that the person selling an NFT is the one who made it.

The software will allow NFT sellers to link the Adobe ID with their crypto wallets, thereby allowing compatible NFT marketplaces, such as Rarible, to show verification certificates to prove the art is authentic.

Jana Serfontein

Jana Serfontein

Jana has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system. And is also intrigued with the psychological effect that cryptocurrencies have on society.

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