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NFT marketplace Rarible announces it has raised $14.2 million in a Series A funding round.
Rarible was founded just last year by Alexei Falin. They are planning to use this funding to advance the aim of building their NFTs more mainstream. Rarible is an NFT marketplace that uses a decentralized governance system where users holding the $RARI token can vote on things like platform upgrades. Although the company is very young, the platform already has 150 million dollars in NFT sales. It introduces themself as the most popular NFT marketplace.
Alexei Falin, the CEO and co-founder of Rarible, says:
Just as we have always been at the forefront of the NFT movement, Rarible is determined to pioneer the next wave.
With this company milestone, we are thankful for the support of Venrock, 01 Advisors, and Coinfund and look forward to going beyond the current enclosed crypto environment and taking NFTs into mainstream consciousness.
Rarible To Launch On Flow Blockchain
The Rarible also announced that they are planning to launch their marketplace on the Flow Blockchain. The Flow blockchain is a project started by Dapper Labs. They are the creators of Cryptokitties, one of the first NFT games to exist. Currently, Rarible is based on the Ethereum blockchain. The reasoning behind the transition to Flow is that it’s more energy efficient, and transactions are also cheaper.
Finally,
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Source: https://bitcoinist.com/nft-marketplace-rarible-raises-14-million-in...
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