Rarible Sees a Surge in Trading Volume After Supporting NFT Creator Royalties!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Rarible, the non fungible token (NFT) marketplace, has recorded a surge in trading volume following its public support for maintaining NFT creator royalties. This comes as competitors, such as OpenSea, have decided to rethink their support for royalties, prompting other NFT projects to also reconsider their support for OpenSea. According to DappRadar, Rarible’s 24-hour fiat trading volume had increased by almost 585%, reaching over $45,000 on August 23. NFTs have become a popular market for creators as they allow ownership of unique digital assets, such as artwork and music.

Source: https://coinpedia.org/crypto-live-news/rarible-sees-a-surge-in-trading-volume-after-supporting-nft-creator-royalties/