• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, February 1, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Rarible proposes the creation of a zero-cost bored APE-focused NFT marketplace for APECoin users

August 19, 2022
in Crypto News
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Related articles

Orbeon Protocol (ORBN) Could Match Cardano (ADA) And Solana (SOL)…

January 31, 2023

Dogecoin on the Edge of Massive Explosion! Will DOGE Price Reach $1 This Bull Run?

January 31, 2023

  • The marketplace won’t charge any fee for NFT sales, making it different from competing projects.
  • Rarible’s announcement follows pitches from other projects like snag solutions and Magic Eden.

There is now a competition for Magic Eden’s proposal to establish an NFT marketplace unique for the APECoin community. Rarible (an NFT marketplace protocol) has proposed an idea to the APECoin community. Rarible proposes a marketplace with zero fees, contrasting with Magic Eden’s proposal.

The marketplace protocol announced its pitch on Wednesday, stating that it won’t charge NFTs listed by native APE holders. Rarible notes that the marketplace would aggregate listings from other popular marketplaces (such as LooksRare and OpenSea) to boost liquidity. Rarible’s open-source protocol will power the new marketplace.

If the proposal is accepted, the new marketplace will list NFT collections from the yuga labs bored APE ecosystem like Otherside, bored APE Kennel Club, mutant APE yacht club, and bored yacht club. The pitch also indicates that the APECoin DAO can vote for any other projects it wants to include in the marketplace.

The Decentralized Autonomous Organization (DAO) is an online ecosystem with common goals and interests. Tokens are a representation of membership in this community. Apart from being APECoin DAO members, APECoin holders can also vote on proposals linked with the ecosystem.

The APECoin token is an Ethereum-based token. It powers Web3 applications and other metaverse experiences, such as the soon-to-be-launched OtherSide game by Yuga Labs. The Rarible proposal also includes listing a collection-wide offer, fiat currency payment with MoonPay, and comprehensive support.

The proposal adds that the marketplace can be live within the next four weeks without fees once the DAO approves. Rarible has experience with marketplace launches for various NFT projects. It is responsible for the launches of the degenerate APE academy and V1 punks NFT marketplaces.

Magic Eden and Snag solutions’ proposal

Last Tuesday, Magic Eden a similar marketplace suggested a 1.5 percent base marketplace fee, which can reduce to 0.75 percent depending on specific conditions. The 0.75 percent discount is divided into 0.5 percent for NFT purchases with APECoin and another 0.25 percent discount for holders of NFTs with specific Bored APE-linked projects.

hey @apecoin our new proposal to build you a community marketplace is the only one you’ll ever need. pic.twitter.com/JcJIvqLtYN

— Rarible (@rarible) August 17, 2022

Each NFT in the bored APE yacht club collection represents one out of 10,000 distinct avatars. Also, holders can create commercial projects using the images they own. Up till now, the bored yacht club has generated over $2.3 billion in secondary trading volume. Rarible is gradually expanding to other chains despite being on the Ethereum-focused NFT marketplace for a long time.

By comparison, Magic Eden is the biggest NFT marketplace in the Solana community. It extended support for NFTs on the Ethereum chain some three weeks ago. Similarly, snag solutions pitched an NFT marketplace last Tuesday. Snag is best known for creating white-label marketplace protocols. Snag’s adjusted pitch shows 0.5 percent and 0.25 percent in marketplace fees for NFTs bought with eth or APE, respectively.

Also, it proposed to launch the platform without fees. Previously, Snag requested $50,000 for development and auditing purposes. Snag’s proposal stated that it would send 0.25 percent of the total fees to APECoin’s DAO treasury. The three pitches aren’t formal proposals yet; they are still at the ideation stage.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Decentral Games Lowers Entry Bar with Sit ‘N’ Go Tournaments

Next Post

Ethereum Outperformed Bitcoin Since June Bottom, Up by Nearly 100%

Related Posts

Orbeon Protocol (ORBN) Could Match Cardano (ADA) And Solana (SOL)…

January 31, 2023

Due to the prolonged global beer market, lots of crypto traders and investors have had to abandon big projects like...

Dogecoin on the Edge of Massive Explosion! Will DOGE Price Reach $1 This Bull Run?

January 31, 2023

Dogecoin, the 9th-ranked asset, has jumped more than 10% at the moment and is heading strongly towards the crucial levels...

Addressable raises $7.5M to enable Web3 companies to acquire users at scale

January 31, 2023

Tel Aviv, Israel, 31st January, 2023, Chainwire Addressable, an innovative end-to-end solution for Web3 marketing, announced today that it secured...

VitaDAO – Pfizer Ventures raise millions for research on extending human life

January 31, 2023

  VitaDAO has raised $4.1 million from Pfizer Ventures among other investors. The latest fund raiser will fund longevity research...

veDAO joins hand with Port3 to strengthen Web3 ecosystem

January 31, 2023

veDAO happens to very pleased and takes immense pleasure in the making of their formal announcement of having forged an...

Load More
Next Post

Ethereum Outperformed Bitcoin Since June Bottom, Up by Nearly 100%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

UK’s FCA hints at why its given only 15% of crypto firms the regulatory nod

January 27, 2023

WEB3 GAM3R to Host GAM3RS’ Choice Awards

January 22, 2023

Deal Box offers $125M blockchain and Web3 venture fund

January 19, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack – Metaverse Bitcoin News
  • NFT Sports Brand Sorare Partners with Premier League
  • Kazakhstan Seeks to Improve Cryptocurrency Trading Framework

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,115.001.15%
  • ethereumEthereum(ETH)$1,585.861.09%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.01%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • binancecoinBNB(BNB)$312.261.84%
  • rippleXRP(XRP)$0.4064503.18%
  • binance-usdBinance USD(BUSD)$1.00-0.14%
  • cardanoCardano(ADA)$0.3905044.94%
  • dogecoinDogecoin(DOGE)$0.0954856.88%
  • matic-networkPolygon(MATIC)$1.122.80%
  • okbOKB(OKB)$37.881.31%
  • solanaSolana(SOL)$23.83-0.31%
  • staked-etherLido Staked Ether(STETH)$1,580.490.97%
  • polkadotPolkadot(DOT)$6.251.28%
  • shiba-inuShiba Inu(SHIB)$0.0000122.44%
  • litecoinLitecoin(LTC)$94.803.14%
  • avalanche-2Avalanche(AVAX)$19.720.38%
  • tronTRON(TRX)$0.0623500.18%
  • daiDai(DAI)$1.00-0.01%
  • uniswapUniswap(UNI)$6.550.84%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,114.001.50%
  • cosmosCosmos Hub(ATOM)$13.361.73%
  • chainlinkChainlink(LINK)$6.950.47%
  • ToncoinToncoin(TON)$2.301.64%
  • leo-tokenLEO Token(LEO)$3.54-1.55%
  • moneroMonero(XMR)$177.380.79%
  • ethereum-classicEthereum Classic(ETC)$21.631.43%
  • AptosAptos(APT)$16.69-3.59%
  • bitcoin-cashBitcoin Cash(BCH)$133.482.14%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0905720.91%
  • apecoinApeCoin(APE)$5.861.15%
  • quant-networkQuant(QNT)$142.030.71%
  • crypto-com-chainCronos(CRO)$0.0789111.47%
  • nearNEAR Protocol(NEAR)$2.310.48%
  • filecoinFilecoin(FIL)$5.212.23%
  • lido-daoLido DAO(LDO)$2.196.01%
  • algorandAlgorand(ALGO)$0.2410220.63%
  • vechainVeChain(VET)$0.023150-0.42%
  • internet-computerInternet Computer(ICP)$5.861.89%
  • hedera-hashgraphHedera(HBAR)$0.0646550.04%
  • fantomFantom(FTM)$0.5311.20%
  • decentralandDecentraland(MANA)$0.751.25%
  • axie-infinityAxie Infinity(AXS)$10.910.54%
  • aaveAave(AAVE)$82.802.13%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001713.96%
  • eosEOS(EOS)$1.061.25%
  • the-sandboxThe Sandbox(SAND)$0.731.61%
  • flowFlow(FLOW)$1.068.30%