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According to DappRadar, Trading volumes of top NFT collections such as Axie Infinity, CryptoPunks, and ArtBlocks have increased by more than 300% over the past month, and the NFT industry had a record-breaking July, exceeding $1.2 billion in total sales.The point is, NFTs have hit a high water level that brings the buyer a groundswell of new buying options virtually every waking moment.In this environment, it’s hard to pick one voice to reflect the growing nature of NFTs as part of a new class of digital assets.
In the past 24 hours they introduced a raft of new features, celebrating the launch of a new Open-Source NFT Protocol, dubbed “Rarible Protocol”, which will have cross-chain benefits in creating NFTs.Key features of the protocol include:Decentralized exchange and fee splitting -- This allows use cases like the co-creation of NFTs.Shared Order Book and Liquidity -- Applications built on the Rarible Protocol have a shared order book.Lazy Minting of Single (ERC721) or Edition (ERC1155) NFTs -- This one is really kind of a game-changer.
It allows you to mint an NFT without paying a transaction fee.
Instead, gas costs are paid off when the NFT is sold.
This is a really solid and interesting idea -- it’s potentially better for the environment, as only sold inventory is getting minted.
And it allows creators to offer up dynamic content like tweets, Twitch streams, and TikTok videos.
