What is Rarible Protocol
Rarible Protocol is a decentralized toolset that simplifies how developers can work with NFTs. It provides a foundational layer for NFT applications that enable users to exchange, transfer and mint NFTs. In other words, it’s an open-source, free and community-governed NFT Protocol for web3 experiences.
The volume of NFTs traded across the apps created on Rarible Protocol to date exceeds $300,000,000 in value.
The Protocol consists of several foundational layers, including:
API layer
Rarible Multichain Protocol indexes and provides users with wide information about NFTs via API. The following data is accessible for developers using protocol in near real time, as it is put into blockchain:
Basic NFT information
Owner
Creator
Metadata
NFT transactions
In addition to on-chain information, Rarible Protocol collects off-chain information like:
Orders put for selling
Bids put on NFTs
Auctions information
To better serve the community, the Protocol developer team recently introduced mandatory API keys. This feature allows us to understand what endpoints are being called the most and what applications require more bandwidth.
SDK
Multichain software development kit (SDK) is an abstraction of complicated blockchain logic that significantly simplifies the process of interacting with blockchain for developers.
In other words, Multichain SDK is ready to go, NFT marketplace functionality, which you can use out of the box.
Rarible Protocol is governed by $RARI token holders through RARI DAO. For more information, please visit the Mission and Vision and Governance pages of the knowledge base:
Our mission and valuesGovernanceTo learn more about the Rarible Protocol and get support, please visit the following resources:
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