Arbitrum Partners with Rarible to Revolutionize NFT Trading!

Jakarta, Pintu News – The incorporation of Arbitrum ARB1.77%->Current ARB PriceRp 6.1481.77%Market CapRp 63,09 TriliunTrading VolumeRp 11,51 TriliunCirculating SupplyRp 4,21 Miliar into the Rarible platform has opened up new opportunities for the NFT community. With this integration, users of NFTs based on Arbitrum can now trade and explore directly through Rarible, while ensuring creators’ royalty rights are maintained.

The main advantages of this Layer 2 blockchain include faster transaction speeds and lower fees, providing a more efficient experience compared to other solutions currently available in the market.

Arbitrum and Rarible: A Strategic Collaboration

Arbitrum’s integration with Rarible not only eases transactions but also increases the value of Arbitrum’s native token, ARB. The price of ARB has increased by 2.99% in the last 24 hours, with a market value of over $1.5 billion.

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This speed and lower transaction costs make Arbitrum an attractive option for users and investors in the NFT market. Rarible has demonstrated its commitment to creators’ rights by ceasing aggregation of orders from other platforms such as OpenSea and LooksRare from August 2024.

This decision was taken to ensure the protection of creators’ royalty rights in every type of trade. With this move, Rarible strives to support artists and content creators in the growing NFT industry.

OpenSea and Ethereum’s NFT Market Dominance

On the other hand, OpenSea has managed to restore its dominance in the Ethereum NFT market. Within four weeks, the platform had recovered 71.5% of the Ethereum NFT market share.

SEA’s token issuance has significantly increased activity on their marketplace, with daily trading volume jumping from an average of $3.47 million to $17.4 million; the number of daily transactions also increased from 6,101 to 14,700.

Although OpenSea has seen significant improvements, there is still uncertainty regarding their approach to creator royalties in the long run. This question remains a hot topic in the NFT market, and how OpenSea will handle this issue in the future is still a big question.

NFT Projects that Run into Difficulties

Not all NFT projects have gone according to plan. For example, Tennis Australia, which sold more than 10,000 images of tennis balls as NFTs in January 2025, has seen a 90% drop in value.

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The Artball program, which initially attracted a lot of attention, has now lost its appeal and even the website and server associated with the project have disappeared.

Meanwhile, Rtfkt, the Web3 streetwear company acquired by Nike in 2021, is also facing a similar fate. After recording NFT sales of $185.3 million and working with some big names, they finally ceased operations in early 2025.

The value of Rtfkt products is also declining, signaling a bleak time for the once promising NFT fashion business.

Overall, the integration between Arbitrum and Rarible marks an important step in the evolution of the NFT market, providing a more efficient solution and supporting creators’ rights.

Meanwhile, the challenges faced by OpenSea and the failure of several NFT projects show that the industry is still full of uncertainties.

However, with continuous innovation and adaptation, the NFT market still has great potential for future growth.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News Flash. Arbitrum Joins Rarible for Better NFT Trading Experience. Accessed on March 17, 2025