Rarible's Support for NFT Creator Royalties Has Led to a Significant Increase in Trading Volume



Rarible, a nonfungible token (NFT) marketplace, experienced a significant increase in trading volume after publicly supporting NFT creator royalties. This comes as competitor OpenSea has rolled back support for royalties, leading other NFT projects to do the same. Rarible's 24-hour fiat trading volume reached 1,500 across 38 sales on August 23, a 653% increase from the previous day. Rarible's decision to prioritize royalties has resonated with users and contributed to its volume rise.
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