The NFT Marketplace says it will introduce a new aggregation tool to showcase NFTs from across the Web3 space. This means users can browse and purchase her Ethereum-based digital assets from her Rarible, OpenSea, LooksRare, X2Y2 and Sudoswap.
Chief Strategy Officer and Rarible co-founder Alex Salnikov told Cointelegraph that current NFT platforms are “siled” and aggregation is a way to change that.
“This creates an open environment where users can access the lowest NFT prices through one interface.”
Expansion from this lable Coming after the report from DappRadar, hinted at an impending NFT “market war”. DappRadar’s report highlights other major platforms in the Web3 space, such as Uniswap and OpenSea, both of which acquired NFT aggregator platforms last year.
OpenSea and Uniswap acquired external aggregators, while Rarible simply converted its service to an aggregation-based model. The report says such acquisitions could stir up direct competition between platforms.
Rarible has also introduced a mechanism that allows users to lock the market’s native token, RARI, to earn rewards and incentives for participating in the ecosystem. Salnikov said this is a step towards further decentralizing the platform.
“Users can make decisions about where the ecosystem goes next. They have a say in the future of Rarible, something that money and NFTs alone cannot give.”
Decentralization of the NFT marketplace is a related discussion within the Web3 community. Many on Twitter accuse market leaders like OpenSea of being too centralized.
Opensea is too focused https://t.co/HdAFlQ4EeW
— Bruce (@Brucuuuueeeee) October 18, 2022
Another user tweeted that centralized marketplaces like MagicEden and OpenSea must be eliminated.
We allowed NFTs to be centralized and ran into the same problems Bitcoin was created to solve.
— mylost.sol 《TYR》 | tD | MonkeDAO Alpha Minter (@ChemixRx) October 18, 2022
Earlier this year, Valuable Market Saved by Researchers from potential serious security breaches.
The market vulnerability was identified by researchers at cybersecurity software company Check Point. This could have damaged her NFT of around 2 million active monthly users in a single transaction.