Creating and Selling NFTs: Rarible's Move Towards DAO

Just recently, I wrote an article about how a Solana blockchain art project (Artrade) is helping artists raise their earnings and even further transforming their physical works into RWA essentially NFTs. With that in mind, I came across Rarible, a marketplace that focuses on digital art and NFTs and the similarities of the platforms caught my attention.

Rarible allows artists to sell their creations as NFTs, essentially digital certificates of ownership and cuts out middlemen, connecting artists directly with buyers. Beyond trading, Rarible offers a somewhat user-friendly interface for creating NFTs, even for beginners.

The platform unlike Artrade is built on the Ethereum blockchain and uses its own token, RARI, for governance and rewarding active users. In the long term they seem building with the goal of becoming a DAO in the future

While it’s still early days, I have no doubt Rarible offers a unique approach to buying, selling, and creating digital art, and the recent listing on Bitget will further expose it to new communities and potential investors.

Do you think RARI's approach will be sustainable as a marketplace for NFTs?