Rarible NFT Marketplace Review (2023)
With cryptocurrencies exploding in popularity, the internet has become flooded with non-fungible token (NFT) marketplaces, each offering unique benefits for you, the collector. With so many different marketplaces at your disposal, it is important to know the pros and cons of each, allowing you to make the best choice for your needs.
Rarible is one of the largest and most widely used marketplaces on the internet today, with thousands of NFT projects available for investing. A veteran in the space, Rarible allows you to create a personal collection and become a part of some amazing communities in the process.
In this review, we will weigh the pros and cons of the Rarible NFT marketplace, giving you an unbiased assessment of how we think it stacks up against the multitude of NFT marketplaces appearing online today.
Rarible Review (2022)
Cryptopunks, Bored Ape Yacht Club, and Cool Cats are just three of the most sought-after NFT projects available to crypto enthusiasts, each with their own unique properties and communities that make them fun, popular, and profitable. To buy them, you need access to an NFT marketplace, but with hundreds of marketplaces available, where should you turn?
Many people choose Rarible – one of the most trusted NFT marketplaces for beginners and experts.
But, just how good is Rarible? Beyond being a trusted name, how easy is it to navigate? Does it have extortionate fees? What is the app like?
In this Rarible review, we will answer, impartially, all of these questions and more in order to determine just how useful Rarible is for the everyday investor. Finally, we’ll conclude whether or not Rarible is a worthwhile marketplace for you as you venture through the wild world of NFTs!
Let’s start with Rarible’s website.
Rarible Review: The Website
The first port of call for many collectors, the Rarible website offers a great starting point for any excited, budding collector. Logging into the marketplace using your wallet could not be simpler, and within just a couple of clicks, you can begin purchasing NFTs.
With a wide variety of search options and filters, the Rarible website makes searching for your ideal NFT really easy even across a range of blockchains. The platform is user-friendly and prides itself on being “community-centric,” which comes across in its site design.
This, combined with a customisable profile page, makes Rarible ideal for both a seasoned NFT collector and a novice to the space, allowing users to seamlessly find their ideal NFTs piece, and display their tailored collection on their profile in just a few clicks.
Rarible Review: The App
Much like the website, Rarible’s app is very slick; it immediately links to your wallet (should you have the corresponding app installed on your phone) and connects seamlessly to your web account, displaying your profile and collection in all its glory.
The homepage of the app allows you to showcase your NFTs for quick access to all those looking over your shoulder. You can seamlessly transition into the marketplace to search for your next pick-up with just one tap.
The search feature can sometimes take a few seconds to update. However, when you take into account the sheer number of projects it is searching for, this is easily forgiven. The only slight downside is the lack of search filters at your disposal when looking through the marketplace, so you can spend a lot of time trawling through projects should you not have a particular NFT in mind.
Purchasing an NFT via Rarible
As we have previously discussed in our guide, “How To Buy an NFT On Rarible,” the platform makes searching and purchasing NFTs across a range of blockchains really simple, particularly on their website.
As with most marketplaces, the first purchase is usually the most long-winded and typically the most confusing, as you need to accept multiple contracts via Metamask. However, this is not a slight on Rarible, whose team does their best to make the process very straightforward. Ultimately, it can be completed in just a few clicks.
With this in mind, it is clear that Rarible is a great entry point for a beginner keen to begin building an NFT collection without being bogged down with technical details, whilst avoiding a fresh NFT mint which may, or may not, be a scam.
Rarible: Listing an NFT
Similarly to making a purchase, listing an NFT could not be simpler. With just a few clicks, you can relist your NFT on the Rarible marketplace, and with fees for the sale as low as 1%, the profits are nearly all yours – a clear win-win!
Likewise, delisting an NFT from Rarible is just as easy should you change your mind, and with no fees attached to ending a sale early. As such, there is no harm in testing the water to see if there is a market for your digital collectibles.
Rarible takes any potential complexity away from listing and delisting your NFTs on their marketplace. The low fees and ease of use make this the perfect place to sell your NFTs via live auction and buy-it-now features.
Rarible Review: Conclusion
In a world of confusing jargon and a huge variety of marketplaces, Rarible is a trusted source that makes buying, selling, and displaying NFTs easy no matter your experience levels within the space.
Of particular interest to beginners due to its straightforward interface and variety of projects, Rarible is the perfect marketplace to learn and hone your craft, build confidence and make purchases with your crypto safely along the way.
I personally would recommend Rarible as one of the first marketplaces anyone should try. Despite some minor app limitations around the search filters, I think it is a go-to marketplace for investors both new and experienced as they build, and display, their own collection of artwork.