Understand the Arbitrum ecosystem Layer3 new project Rari in one article, where users can mint and trade NFTs at low cost
Rari Chain has called out the popular concept of Layer 3, but its features are already outdated.Author: 0xmonomi
Arbitrum is undoubtedly the hottest Layer 2 public chain in recent times, giving rise to many high-quality projects, such as the game-specific chain Xai, the public testnet Nitrogen (AltLayer), the fixed income application Meliora, and the KYC-compliant Layer 2 network Kinto.
On January 24, 2024, the Rari Foundation launched the Rari Chain mainnet on Arbitrum on behalf of Rari DAO, which once again attracted market attention.
The circle of friends in the Web3 world continues to expand, showcasing the appeal of Rari Chain
Before formally introducing the Rari project, let's take a look at its recent collaboration dynamics.
Recently, the Rari Foundation has established partnerships with industry-leading companies including Caldera, Gelato, LayerZero, Magic, Rarible, Thirdweb, and WalletConnect, reflecting Rari's attractiveness to external forces.
Around the same time, the cross-chain interoperability protocol LayerZero announced the launch of Rari Chain, meaning that applications integrated with LayerZero can now add RARI Chain as one of the supported networks. The ecosystem of RARI Chain has become more diverse, allowing creators and developers to connect to over 45 public chains through LayerZero endpoints, providing them with a broader range of options and more flexible application scenarios.
Additionally, GALXE has launched tasks related to Rari Chain on its official website to celebrate the release of Rari Chain. These tasks allow participants to earn points and have the chance to receive rewards such as $RARI tokens. This initiative demonstrates the cryptocurrency community's interest and active participation in Rari Chain, providing more people with the opportunity to engage in the cryptocurrency ecosystem.
The following will introduce readers to the Rari Chain project.
Differentiated features of Rari Chain: allowing users to mint and trade NFTs at low cost, supporting multiple programming languages
Rari Chain is an EVM-equivalent chain based on Arbitrum, focusing on protecting NFT copyrights through a node-level royalty embedding mechanism. As a Layer 3 chain, it not only enhances Arbitrum's scalability but also provides additional functionalities for the NFT ecosystem. Since the launch of its testnet on November 30, 2023, it has attracted approximately 46,000 wallet addresses and completed over 251,000 transactions. The built-in royalty feature of RARI Chain allows users to customize royalty rates for each NFT or an entire collection. Currently, Rarible is working to integrate RARI Chain into its Rarible protocol and Rarible X platform, further expanding the application scope and influence of Rari Chain.
Rari Chain has made significant optimizations in transaction costs and speed. Users can create, mint, and trade NFTs at extremely low costs, while Gas fees are almost no longer a consideration when interacting with NFTs. Additionally, Rari Chain supports payments in ETH, USDC, or USD via credit card without the need for bridging, enabling a fast and flexible payment experience.
Rari Chain adheres to the principle of "community first," closely integrating with the Rarible marketplace and managed by the RARI DAO community, ensuring diversity and inclusivity. In terms of NFT application development, Rari Chain, as an Ethereum L3 chain, inherits Ethereum's security while providing low transaction costs and fast block confirmation times. It supports NFT transactions of ERC-721 and ERC-1155 contracts and ensures effective royalty payments through a royalty enforcement check mechanism.
Rari Chain supports multiple programming languages, allowing developers to write EVM-compatible smart contracts using Rust, C, and C++. Its strong compatibility provides users with a wide range of options. At the same time, Rari Chain encourages developers and creators to explore new use cases, such as on-chain storage of NFTs, in-game NFT trading, or the combination of digital and physical NFTs. The funding program for early adopters further stimulates innovation and participation enthusiasm.
Launching the mainnet is just the first step; the future of Rari Chain remains full of uncertainties
Of course, as the cryptocurrency field continues to evolve, competition has become increasingly fierce. Although Rari Chain has celebrated a successful launch, its future is still filled with challenges and uncertainties. The development of its ecosystem will depend on user adoption and the outcomes of partnerships. The cryptocurrency market is constantly changing, so Rari Chain needs to continuously innovate and adapt to market demands to maintain its competitiveness. We look forward to seeing how Rari Chain will shape the cryptocurrency field in the future and bring more opportunities and innovations to developers and users.
