Rarible

RARI is an Ethereum-based ERC-20 token that serves as the native cryptocurrency for the Rarible protocol. As a decentralized autonomous organization (DAO), Rarible empowers RARI token holders with decision-making rights, enabling them to propose ideas and vote on platform upgrades. This governance model underpins Rarible's community-driven ethos, where users actively shape the platform's direction and policies​​​​.

Rarible is a prominent community-owned marketplace for creating, trading, and collecting non-fungible tokens (NFTs). The platform facilitates a direct connection between digital artists and purchasers, allowing for the monetization of digital creations like art, memes, and GIFs without intermediaries. It addresses the issue of digital art theft by providing NFTs as unique, non-interchangeable tokens, acting as certificates of authenticity. Rarible operates on the Ethereum blockchain and supports multiple chains like Ethereum, Tezos, and Flow, enhancing its versatility for trading digital assets. Additional features of the platform include secure transactions, timed auctions, royalties, a personalized activity feed, and more​​​​.

RARI tokens can be earned by participating on the Rarible platform and are primarily used within its ecosystem for curating content and participating in governance. The token's role in governance is pivotal, as it allows holders to influence the development and operational aspects of Rarible, aligning with the decentralized and community-driven nature of the platform.