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Leading NFT marketplace Rarible has announced its integration with the Metaplex Protocol, meaning the popular marketplace will now support the trading of NFTs on the Solana blockchain.
Despite Solana arguably being the second largest blockchain for NFT activity (after Ethereum) due its unique combination of proof-of-history and proof-of-stake consensus mechanisms, its onboarding makes it the sixth blockchain to join the Rarible ecosystem, following Ethereum, Flow, Polygon, Tezos, and Immutable X.
The integration will be celebrated by allowing users to buy and sell Solana NFTs without incurring any gas fees. The promotion will last one month, after which users will have to pay 1% on each transaction they make.
In speaking on what its integration with Rarible will mean for Solana NFTs, Metaplex Studios Head of Partnerships Ash Pampati had this to say: “We’re excited to help bring Solana NFTs to life on Rarible. Through this integration with the Auction House program, Rarible is helping trail-blaze the path forward on open source, peer-to-peer and escrowless trading of NFTs”.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
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