In the oncoming lines, let us look at Rarible in good detail, its uses, and the way it works.
No business is complete without a business model. There are different ways in which Rarible makes money. From the words of Alexei Falin, the CEO and co-founder of Rarible, fees for marketplace listing were introduced only in September 2020. Initially, listing an article on Rarible was available for free.
While the listing fee is relatively low, the number of listings on Rarible ensures that the platform gets enough profit. Rarible positions itself as a premium platform for crypto art and they look to expand into other categories in the crypto space. They also intend to launch themselves into the non-crypto world once they have scalability solutions in place.
