RARI Feed: Events, News & Roadmap

What is RARI?

RARI is the native token of the Rarible protocol, a decentralized platform built on Ethereum that supports the creation, sale, and collection of NFTs. The ecosystem includes the open-source Rarible protocol, which enables developers to build NFT applications, and RARI Chain, an Ethereum Layer 3 designed to ensure secure, low-cost transactions and enforce royalties at the node level.

The Rarible ecosystem is governed by the RARI DAO, represented by the RARI Foundation, a Cayman Islands entity responsible for managing the treasury and guiding protocol development. Token holders can lock RARI to receive veRARI, which provides governance voting power and ecosystem benefits. This governance model ensures the protocol remains community-driven, with decision-making distributed among participants.

Launched in 2020 with a capped supply of 25 million, RARI is an ERC-20 token used for governance and participation in the ecosystem. Its initial allocation included 10% for an airdrop to NFT holders, 60% for rewarding users of Rarible Protocol applications, and 30% for investors and the team. The token is actively traded on centralized and decentralized exchanges, providing liquidity and accessibility for participants in the Rarible ecosystem.