Rarible Aggregator adds support for Tezo’s NFTs

This Thursday, Rarible announced that it has expanded to include Tezo’s NFT collections. Orders from Versum, objkt, FXHash, Teia and Rarible will now be displayed on the marketplace. Less than a month ago, the non-fungible token marketplace also added support for Polygon collections.

Rarible expands NFT Aggregator to include Tezos

According to a blog post on Thursday, collectors on Rarible will now have access to Tezos-based non-fungible tokens. The latest expansion of Rarible’s aggregator includes collections from Versum, objkt, FXHash, Teia and Rarible itself. The announcement also states that the decision was driven by the fact that while Tezos has proven to be one of the best blockchains for independent artists, it has so far been quite difficult to get a clear overview of the NFT offering.

Tezos has long been one of the best blockchains for independent artists, thanks to its low gas fees and a vibrant community of different art styles. However, it has been difficult to get a clear overview of the Tezos NFT market with so many marketplaces and coining platforms. As a result, collecting the art chain can also become quite difficult. That’s why Rarible now pools liquidity on the most popular Tezos marketplaces, the same way we do on Ethereum and Polygon.

Apart from the launch of the aggregator last October, Rarible has also been actively working to expand its offering through 2022. For example, just days before the aggregator was announced, Rarible was revealed to be one of the marketplaces integrated with the NFT-focused Twitter tiles . Tezos found itself in the news most recently when it was revealed as the blockchain of choice for California’s plan to tokenize car titles and transfers.

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The growing popularity of NFT Aggregators

Considering that NFTs can be minted on a number of blockchains and traded on around 200 marketplaces, it is perhaps not surprising that tools that help collectors get a better overview of their various collections are becoming increasingly popular. By the end of 2022, NFT aggregators reached a trading volume of $1.9 billion.

Already in April 2022, OpenSea, the world’s largest non-fungible token marketplace, acquired an aggregator called Gem.xys. Furthermore, Uniswap launched its own aggregator last November after acquiring $165 million in a Series B funding round – with a portion of the money immediately earmarked for the development of the tool.

Considering that digital art firms haven’t been idle through the downturn of the “crypto winter,” these NFT tools are also likely to see further expansion through 2023. The addition of Tezos wasn’t Rarible’s first big move this year. In mid-January, the company expanded its aggregator to include Polygon non-fungible tokens.

Do you think aggregators will be beneficial to NFT collectors and artists in the long run? let us know in the comments below.

About the author

Tim Fries is the co-founder of The Tokenist. He has a B. Sc. in mechanical engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate in the investment team at RW Baird’s US Private Equity division and is also a co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.