With the disruptive spree of NFTs worldwide, a wide array of marketplaces has emerged which facilitate efficient transaction and trading of these NFTs. Among all the different names, some, like OpenSea, Rarible, Mintable, and LooksRare have regularly been in the limelight. But that does not necessarily give you a free pass towards these marketplaces.
In our previous blog of the series where we compare NFTICALLY with other so-called ‘populous’ marketplace OpenSea, we saw how simply name and fame are not the constituents you should look for in your NFT Marketplaces. In this blog, we analyze another famous NFT Marketplace, Rarible, and compare it with our multifunctional Marketplace services. Read-Along!
Good but limited functionality
Rarible charges a 2.5 percent service fee for every sale on both ends of the transaction, which serves as a listing cost. However, the seller might opt to pay the charge, which is 5% of the final transaction price. In addition, a transaction cost for minting a token is passed on to the purchaser. It joins to your digital wallet automatically when it travels through Rarible’s call contract technique, making the aspect of consensual choice very limited for the sellers as well as the buyers on the platform.
Only Ethereum and nothing else
Rarible accepts just ETH for all transactions. If your online wallets do not include ETH, you may be charged conversion costs when transferring cryptocurrency tokens. This is perhaps the biggest drawback of the platform, since, in recent times, cross-blockchain functionality is what most NFT buyers and sellers seek from their Marketplaces. In a simpler sense, if you have any other form of cryptocurrency in your wallet, you first need to convert them into ETH currency or tokens, and then only you can transact on their platform.
Rapid Decline has been seen in the platform’s transactions since April 2020
According to DappRadar, Rarible topped $2.5 million in transaction volume in April. However, as the broader cryptocurrency market hit a negative phase, Rarible’s numbers plummeted and have yet to recover. Data show that volumes fell to levels not seen since June 2020, and they do not appear to have recovered yet.
Additions to this decline is their painstaking wallet creation process, poor customer support, no cross-platform functionality, and no decent platform whitepaper/roadmap.
Why NFTICALLY is Better than Rarible
Here are the reasons why NFTICALLY, as a Marketplace Service provider, helps create much more efficient and functional Marketplaces than Rarible
- NFTICALLY lets you create your own Rarible!
Yes, you read that correctly. Instead of simply adding another NFT vendor account in our name, we allow you to construct your own unique Marketplace. The more you increase your package, the more customization possibilities you have for your Store. Include your own NFTs. Allow people to post their NFTs on your store and make money from them. Earn money through secondary sales; the possibilities are limitless.
- A quick and responsive and caring support team.
We take pride in being one of the most customer-centric NFT SaaS systems ever created. Instead of thinking of us as an organization, consider us as your friend. And, just as you would call or text your friends for assistance, you can phone or email us anytime you meet any inconvenience. Our technical professionals are accessible to assist you 24 hours a day, 7 days a week.
- The easiest platform to create your NFT Store.
Yes, we confirmed it. With NFTICALLY, it takes precisely 5.67 minutes to set up a store and mint an NFT. Still do not believe us? Check it out for yourself! Create your online store here.
- A dedicated knowledge platform to guide you in your NFT journey.
NFTICALLY Academy, our knowledge platform, provides free access to professional NFT, Blockchain, and Web3 assistance to anybody who wants to ace their NFT game. 100+ videos, webinar recordings, and presentations are grouped based on your level of comprehension.
Check out NFTICALLY Academy and enrol today! Visit this page.
- Tons of features, customizations and usability
Yes, literally hundreds of them! We believe in offering complete personalization and convenience to our cherished community. Here’s a rundown of some of the new features we have added:
- Moonpay integration for NFT purchase
- Madmimi, Mailchimp integration
- Cronos Blockchain Support
- EIP-2981: NFT Royalty Standard added to ERC721, ERC1155
- Any ERC20 token as payment options. (Yes…any you can think of).
- Waitlist feature. (you even don’t have to track. We do it for you)
- Advanced Store Security.
- Bulk NFT Airdrop availability for all 4 blockchains along with cross-blockchain support.
- Easy store subscription & billing directly via Stripe
- Diverse types of wallet integration. (Metamask, Fortmatic, Walletconnect, Coinbase)
- Storefront customization options. (from custom categories to custom icons, store section hides/unhide, marketplace homepage setup, etc.)
And lots of other features…
NFTICALLY is the world’s first B2B SaaS that allows organizations and individuals to create their own White Label NFT markets without any technical skills. It is backed by some of the industry’s largest investors and leaders. Consider ourselves the “Shopify of the Metaverse.” Our community is expanding faster than ever, with 3000+ stores, 15k+ happy buyers and sellers, and over $1M in NFT transactions. Our team has always been dedicated to providing enthusiastic users with the right knowledge before they verge on their NFT journey.
Hence, we always ask you to choose your Marketplace wisely, as such determines a significant portion of your future in the NFTverse.
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