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RARI Chain aims to empower NFT creators and is the latest entrant to the Arbitrum ecosystem.<\/p>\n
RARI Foundation, the entity behind NFT marketplace Rarible, has unveiled RARI Chain<\/a>, an Ethereum-compatible blockchain that will enforce on-chain NFT royalties.<\/p>\n This feature is made possible by royalties being embedded at the node level. Creators can set fees for a collection or for individual NFTs, guaranteed to be collected from every transaction. RARI is up 22% in the past week.<\/p>\n <\/p>\n <\/a><\/p>\n RARI Chain leverages Orbit, a custom blockchain solution from Arbitrum<\/a>, the leading Layer 2. This enables the platform to offer extremely low fees and fast transactions. The team claims the network can process 200 to 500 transactions per second (TPS).<\/p>\n Users can pay fees in ETH, USDC, or US dollars using a credit card.<\/p>\n Rarible and Rarible X will be the first platforms to integrate with RARI Chain, which will be governed by RARI tokenholders and the RARI DAO.<\/p>\n The RARI Foundation has collaborated with various projects to bring new features to the protocol. LayerZero allows NFT collections to be transferred between chains; Gelato powers Gasless NFT mints; Thirdweb enables account abstraction; Magic & Thirdweb bring on-chain fiat payments; and WalletConnect provides dApp connectivity.<\/p>\n The move comes amid a growing trend of significant crypto projects deploying customized blockchains to suit their needs best.<\/p>\n Last week, Blur, the leading NFT marketplace by volume, announced the launch of its Layer-2 blockchain Blast<\/a>, which has attracted over $600M<\/a> of deposits in under two weeks.<\/p>\n On Nov. 28, perpetuals exchange dYdX kicked off an incentives program<\/a> for its Cosmos-based dYdX Chain.<\/p>\n NFT royalties have long been a point of contention in the NFT space, with most major marketplaces opting to make them optional as trading volumes plummeted amid the bear market.<\/p>\n