Overview
Rarible is a multi-chain NFT marketplace that pioneered community governance through its RARI token. Our analysis reveals a mixed picture: while the platform offers broad chain support and community features, creator royalties are optional and the token economics add complexity. Standard platform liability limitations apply.
Key Concerns
- Optional Creator Royalties: Like OpenSea, Rarible does not enforce creator royalties, allowing buyers to skip royalty payments.
- Complex Token Economics: RARI governance token adds complexity and potential regulatory uncertainty to the platform.
- Broad Liability Disclaimers: Rarible disclaims responsibility for smart contract issues, stolen assets, and market volatility.
- Content Moderation Discretion: Platform has broad power to remove listings without detailed criteria.
- Aggregator Complexity: Rarible aggregates listings from other platforms, adding complexity to terms and fee structures.
Positive Aspects
- Multi-Chain Support: Supports Ethereum, Polygon, Tezos, and other chains, providing flexibility.
- Community Governance: RARI token holders can participate in platform governance decisions.
- Low Platform Fee: 2.5% platform fee is competitive with other marketplaces.
- Aggregation Benefits: Access to listings from multiple platforms increases visibility.
Data Collection Summary
Rarible collects wallet addresses, transaction data, browsing behavior, social account connections, and device information. Data is used for platform operation, fraud detection, and analytics. RARI token activities may involve additional data collection for governance participation.