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Aptos and NFT Marketplace Rarible Hints at Partnership

22 August 2024
in Business, News
Reading Time: 3 mins read
109 1
Home Business

Layer 1 blockchain network Aptos is preparing to collaborate with Rarible, a leading non-fungible token (NFT) marketplace.

The partnership, which Aptos describes as a potential “game-changer” for both platforms, aims to introduce new possibilities for NFT applications.

In a forum post on August 22, a global community manager for the Aptos Foundation, known as “Angel,” hinted at Rarible’s potential integration with the Aptos network. 

“Whether it’s a full marketplace launch or another form of collaboration, this teased alliance between Rarible and Aptos is one to watch!”

Angel noted. 

Rarible has also teased this potential collaboration with Aptos on its social media channels, though specific details have yet to be revealed. 

The news comes as the Aptos network experiences a remarkable surge in activity. On August 14, the blockchain recorded nearly 144 million daily transactions, according to data from Aptoscan. While the cause of this spike remains uncertain, it highlights a notable increase in network on-chain activity.

The spike in activity on the Aptos network came just days before Tether revealed plans to bring its U.S. dollar-pegged stablecoin (USDT) to the blockchain. Although the official launch date has not yet been announced, Tether emphasised Aptos’ “robust developer community” and “extremely low gas fees” as key factors behind the decision to expand onto the platform.

Paolo Ardoino, CEO of Tether, expressed excitement about the partnership, stating,

“The team at Tether is thrilled to integrate and collaborate with the Aptos ecosystem, furthering our commitment to making digital currencies more accessible and functional. Aptos’ innovative technology provides a solid platform for facilitating faster and more cost-effective transactions with USDT.”

The integration marks a significant milestone for Aptos. Mo Shaikh, CEO of Aptos Labs, emphasised the collaboration’s potential, stating it would help scale the network’s capacity and user base and push the limits of blockchain innovation with Tether’s support.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: AptosNFTRarible
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Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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