The Rari Foundation, representing Rari DAO, has introduced the Rari Chain mainnet on Arbitrum.
Rari Chain operates as an Arbitrum-based EVM equivalent chain, enhancing the NFT ecosystem by preserving royalties at the node level. It acts as a Layer 3, leveraging the scaling and features of Arbitrum as a Layer 2.
Jana Bertram, Head of Strategy at Rari Foundation, expressed excitement about turning their vision into reality, creating a dedicated chain for the creator economy. The mainnet launch coincides with an NFT drop featuring ten digital artists, showcasing collaboration with Rari Foundation, Rarible, and others.
The testnet, with 46,000 wallet addresses and 251,000 transactions, preceded the mainnet launch on Nov. 30, 2023.
The strategic design of RARI Chain enables the customization of rules and independent governance mechanisms, creating a space that caters to the specific requirements of scaling NFTs.
The RARI DAO will oversee the governance, involving active participation from $RARI token holders. The chain also incorporates royalty payments at the node level, ensuring creators are fairly compensated for their contributions.
Furthermore, the mainnet offers a secure environment, minimal transaction costs, and rapid block finality, making it an ideal platform for effortlessly onboarding large-scale NFT projects and users.
Also Read: Arbitrum Plans $90M Incentives For Layer-2 Growth
