RARI Foundation Launches Layer 3 Blockchain With Embedded Royalties

The RARI Foundation has introduced RARI Chain, a Layer 3 blockchain within the Arbitrum ecosystem, affiliated with the NFT marketplace Rarible. RARI Chain is designed to enforce on-chain NFT royalties, with the feature embedded at the node level. NFT creators can set fees for collections or individual NFTs, ensuring they are collected from every transaction. RARI Chain utilizes Orbit, a custom blockchain solution from Arbitrum, enabling low fees and fast transactions, processing 200 to 500 transactions per second (TPS).

Users on RARI Chain can pay fees in ETH, USDC, or US dollars using a credit card. Rarible and Rarible X are the first platforms to integrate with RARI Chain, and it will be governed by RARI tokenholders and the RARI DAO. The foundation has collaborated with projects like LayerZero, Gelato, Thirdweb, Magic, and WalletConnect to bring various features to the protocol, including cross-chain NFT transfers, gasless NFT mints, account abstraction, on-chain fiat payments, and dApp connectivity.

This launch is part of a trend where significant crypto projects are deploying customized blockchains tailored to their specific needs. RARI Chain's introduction addresses the contentious issue of NFT royalties, providing creators with the potential for guaranteed enforcement at a time when many marketplaces have made royalties optional, impacting creators who rely on them for income. The move also follows similar initiatives by other projects, such as Blur's Layer-2 blockchain Blast and dYdX's incentives program for its Cosmos-based dYdX Chain.

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