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PolkaRARE (PRARE) is a Web3 economy that allows any user or brand to create, trade and discover NFTs. By leveraging the proven rarity, transferability, and offering of NFTs, we aim to unlock the maximum potential of NFTs.
PolkaRare is powered by PolkaDot, Polygon, Ethereum and Binance Smart Chan.
The non-fungible token (NFT) market has tripled in 2020, with total transaction value up 299% year-on-year to over $250 million, according to new research published by NonFungible.com, an NFT market research firm.
Non-fungible tokens (NFTs) are blockchain-based unique digital assets that are tangible and intangible items, from virtual kittens and digital collectible cards to crypto art and gaming items.
Irreplaceability means that an asset cannot be easily exchanged for another. Instead, each non-fungible token represents one unique digital asset.
In contrast, fungible tokens are fungible for another token of the same type. Examples could be utility tokens, reward tokens, or digital currency. The NFT economy is a vast ecosystem of different types of non-fungible tokens, from obscure and entertaining to sophisticated digitized versions of real assets. Crypto art, trading cards, gaming collectibles, virtual assets, sports collectibles are just a few.
Recently, many marketplaces have popped up where people can buy and trade NFTs. Unfortunately, these marketplaces charge high transaction fees.
To improve mainstream NFT adoption and unlock its full potential, we are working on the web3 economy for unique and scarce digital assets.
Multichain NFT Marketplace: Collaborative cross-chain NFT marketplace with social features, gas-free transactions and 3D gallery.
NFT Wallet: Multichain wallet for storing NFTs and digital assets.
Collections: Rare NFT drops that include licensed art, music and sports cards.
NFT Collateralized Loans: Use your NFT assets as collateral for a loan, or offer loans to other users using their irreplaceable tokens.
Copyrights: Creators can set up flexible royalties on creations to earn resale commissions. PRARE token holders will be able to charge slightly higher fees.
Unlockable content: keep private files that will not be viewed publicly, but will only be unlocked for the current owner.
NFT Price Discovery Protocol: Price discovery models that determine the real value of your NFTs.
Social Features: Social features such as user profiles, ratings, comments, favorites, and sharing to increase creator and fan engagement.
Multi-content support: Support 2D and 3D media.