Rarible has cemented its commitment to NFT royalty enforcement by launching a testnet for an EVM-compatible chain with embedded royalties at the node level.
The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an Ethereum Virtual Machine (EVM)-compatible blockchain called “RARI Chain,” with royalties embedded into its nodes.
In an announcement sent to Cointelegraph, the RARI Foundation said that RARI Chain will be a nonfungible token (NFT) infrastructure solution built on Arbitrum.
The move follows a recent uptick in Rarible’s trading volume after demonstrating its NFT marketplace’s commitment to royalties. 23, the 24-hour trading volume on Rarible jumped nearly 585% after it removed marketplaces that don’t support royalties and royalty enforcement from its aggregation data.
1/ Following @rarible's decision to maintain creator royalties, and remove both @opensea and @blur_io from their aggregation data, Rarible's trading volume is up 637% in the past 24h.
— DappRadar (@DappRadar) August 23, 2023
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Jana Bertram, head of strategy at the RARI Foundation, said in a statement that creators are the driving force behind the expansion of NFTs.
“To ensure a sustainable economy, it is crucial to provide them with tools and environments contributing to their success.
