Rarible and RARI Chain: the Power of DeFi and NFT

Rarible is one of the largest NFT marketplaces in the world. The core of its platform is RARI, its token on Ethereum. RARI Chain, on the other hand, is a layer-3 on Arbitrum, which in turn is a layer-2 of Ethereum.

NFT marketplace Rarible has announced an initiative together with Arbitrum to empower on-chain creators and help them explore earning opportunities at the intersection of decentralized finance (DeFi) and non-fungible tokens (NFT).

The initiative, called "DeFi Days," will see RARI Chain, a layer-3 on Arbitrum, play a central role in providing various earning opportunities for creators.

These opportunities include the commodification of creations, rewards for creators, decentralized exchange (DEX) swaps, and the generation of native yields.

The initiative will also see workshops being conducted for creators in the DeFi Studio, and a contest being held for creators with an IRL showcase in Bangkok.

The initiative will span eight weeks and aims to provide creators with a broad range of earning opportunities that extend beyond NFT sales.

This initiative will also serve to initiate a DeFi ecosystem on the RARI Chain that makes it easier for creators to explore and leverage economic opportunities for themselves.

The DeFi Studio workshops will be held both in-person and virtually, with some of the prominent locations being New York, Lisbon, and Bangkok.

The contest for Web3 artists is being curated by RARI Chain, Arbitrm, Refraction DAO, HUG, SheFi, and a curatorial team led by Aniko Berman and Justin Gilanyi of Codex Projects.

The winning artists will get to showcase their art at DevCon in Bangkok on November 13.

"We are building a decentralized NFT future and have always supported creators and their ability to be rewarded. That's why we are so excited to launch DeFi Days, which represents a significant step towards empowering creators in the web3 ecosystem," said Jana Bertram, head of strategy at RARI Foundation.

“This initiative not only expands creators' ability to earn during their Web3 journey but also provides creators with the knowledge on alternative ways of earning in crypto, like DeFi. We believe that by fostering a connection between the creator and DeFi ecosystems, we can enhance the sustainability and longevity of the creator economy on the RARI Chain."

"The DeFi Studio workshops are an exciting opportunity to support the next generation of creators. Leveraging the power of Arbitrm technology, we aim to provide a seamless experience for creators to explore and capitalize on various DeFi opportunities," said Peter Haymond, senior partnerships manager at Offchain Labs.

“This initiative aligns with our mission to create a scalable and inclusive blockchain environment that empowers not only developers but the entire community of creators."