Celo and Rarible Launch Celosphere: Art-Centric NFT Marketplace on Ethereum L2

The Celo Foundation and Rarible have partnered to launch Celosphere, an NFT marketplace operating on the Ethereum L2 blockchain. Designed for artists and creators globally, Celosphere aims to facilitate the creation and trading of digital collectibles while incorporating carbon-negative design and Ultragreen Money tokenomics. Additionally, the Celo Creators Fund has been established to incentivize NFT collection development and support community partners.

Celo Foundation and Rarible Unveil Celosphere, an Art-Centric NFT Marketplace on Ethereum L2

In a groundbreaking partnership, the Celo Foundation and Rarible have joined forces to launch Celosphere, an innovative NFT marketplace exclusively dedicated to the vibrant realm of art. This transformative platform, powered by RaribleX, will harness the cutting-edge Ethereum L2 blockchain technology with a mobile-centric design to provide a seamless and immersive experience for creators and collectors alike.

Celosphere is meticulously crafted to empower artists from every corner of the globe, enabling them to showcase their digital masterpieces and forge meaningful connections with an international community. This collaborative marketplace serves as a vibrant hub where creators can seamlessly trade, sell, and acquire digital collectibles, fostering a thriving ecosystem of creativity and innovation.

The Celo Foundation has implemented a groundbreaking carbon-negative design and Ultragreen Money tokenomics within Celosphere, showcasing its unwavering commitment to environmental sustainability. By allocating a portion of gas charges to offset carbon emissions from transactions, Celosphere sets a precedent for responsible and eco-conscious practices in the NFT realm.

Further solidifying their commitment to fostering the growth of the NFT ecosystem, the Celo Foundation proudly introduces the Celo Creators Fund – a pioneering initiative designed to incentivize and empower individuals, creators, and artists to unleash their NFT potential. This fund serves as a catalyst for artistic expression, providing financial assistance and mentorship opportunities to deserving talents.

Community partners such as Rug Radio, HUG, Boys Club, and Refraction will receive 1,000 USDC fast-track grants through the Celo Creators Fund. These grants will bolster their respective communities, empowering them to curate custom-tailored aftercare programs for artists, fostering education and awareness within the NFT space.

The strategic alliance between the Celo Foundation and Rarible represents a resounding endorsement of the transformational power of NFTs in the art world. Celosphere, coupled with the Celo Creators Fund, paves the way for creators to thrive in the burgeoning NFT ecosystem, connecting them with a global audience and empowering them to pursue their artistic visions without boundaries.