Dear Bankless Nation,

As art on the blockchain becomes ever more popular, and artist communities further develop, NFT platforms are becoming more accessible, providing artists and their communities with tools to engage with art in ever more creative ways.

Rarible is one such platform taking NFT community building to new heights. With their recent partnership with Polygon, Rarible is providing artists with the means to create their own markets. Kaf brings us the latest in a growing suite of tools aimed at improving artist and web3 integration.

The Rug brings us the tastiest mostly credible news, Perchy shares some NFT-Os in this week’s Chippi Corner, and we have the alpha for this week’s d’Art drop happening during Friday’s Community Call.

Welcome to Decentralized Arts.

Contributors: BanklessDAO Writers Guild (Grendel, Kouros, Kaf, nonsensetwice, Frank America)

This is the official NFT newsletter of BanklessDAO. If you were a Premium Member of the Bankless Newsletter as of May 1st, 2021, you have been subscribed to this newsletter at launch. To unsubscribe, edit your settings here.

Effortlessly Build Your Own Polygon Community Marketplace in Minutes

Unleash the Power of Connecting with Your Community, No Coding Required

By Kaf

Rarible, a marketplace for digital collectibles, has introduced a new community marketplace builder tool for Polygon NFTs. This free and easy-to-use tool allows creators to independently create their own marketplace in just a few minutes, with no coding required and no fees charged by Rarible.

One of the main benefits of a community marketplace is the ability for creators to secure royalties and forge a deeper connection with their holders in a web3-native way. Additionally, all community marketplaces have built-in liquidity via orders aggregated across the biggest NFT marketplaces in the space. 

Rarible has expanded its marketplace offering to Polygon by building a white-label platform and now extending Polygon support to the community marketplace builder for all creators.

The Benefits of Having Your Own NFT Marketplace

Creating your own NFT marketplace has several potential benefits:

Control: By creating your own marketplace, you have full control over the user experience, the types of NFTs that are listed, and the fees that are charged.

Branding: A marketplace that you create and manage can be branded to align with your own style and aesthetic.

Revenue generation: By charging listing and transaction fees on your marketplace, you can potentially generate revenue for yourself or your business.

Niche focus: By creating a marketplace that specializes in a particular type of NFT, you can attract a dedicated community of buyers and sellers who are interested in that specific niche.

Innovation: Building your own marketplace allows you to experiment with new features and technologies that may not be available on existing platforms.

Independence: By creating your own marketplace, you are not dependent on any other platform, so you can make decisions based on your vision and not someone else's.

However, creating your own marketplace also comes with a lot of challenges and could be a costly venture. It requires technical expertise, resources and a lot of effort to build and maintain a marketplace. It also requires a strong community of users to make it successful.

Despite the challenges, NFT Community Marketplaces are the future.

Control Your Royalties Thanks to Rarible

The trend of traditional NFT marketplaces allowing users to opt out of paying royalties is harmful to NFT creators as it denies them a source of income. This trend can lead to projects losing significant amounts of royalties and may discourage further development in web3. 

Rarible-powered community marketplaces are an exception, as they honor royalties on all transactions happening via their UI, as long as certain conditions are met. This includes not only native listings but also listings aggregated from other marketplaces, even those that allow users to opt out of royalties.

Thanks to Rarible you can make sure that your community directly benefits from every trade.

Show Me The Crypto @ShowCrypto

Adam Ilenich (@adamilenich) explains why @rarible supports creator royalties from #NFT secondary sales. 💰 Watch our full interview with Adam: youtu.be/RRXlUOzouqs

6:28 PM ∙ Dec 8, 2022

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22Likes11Retweets

Highlighting Successful Sales and Examples

These 7 recent NFT sales show the diversity of the Rarible-powered community ecosystem:

• V1 Punk #7677 was sold for 35 ETH and royalties were not paid as the creator fee was set at 0%.

• Noxious-0 (MetaHero Core) was sold for 28 ETH and royalties paid were 7.5%.

• Degen Ape #4864 was sold for 110 SOL and royalties paid were 4.2%.

• Rektguy #7879 was sold for 0.43 ETH and royalties paid were 5%.

• Krap Chicken #1043 was sold for 0.145 ETH and royalties paid were 5%.

• Meta Angel #5857 was sold for 0.7 ETH and royalties paid were 7%.

• Smirc #1024 was sold for 0.041 ETH and royalties paid were 5.5%.

By using these examples, we can see that Rarible is committed to enabling communities to trade on their own terms and create environments where its members can flourish.

Why Polygon?

The Polygon network is a layer 2 scaling solution for Ethereum that aims to increase the speed and reduce the cost of transactions on the Ethereum blockchain. 

Here are a few reasons why you might want to use the Polygon network:

Speed: The Polygon network uses a proof-of-stake (PoS) consensus mechanism, which allows for faster and cheaper transactions compared to Ethereum.

Lower fees: Transactions on the Polygon network are significantly cheaper than on Ethereum, making it more cost-effective for users.

Scalability: Polygon is designed to handle a large number of transactions per second, which can help to reduce congestion on the Ethereum network and reduce waiting times for transactions to be confirmed.

Compatibility: Polygon is fully compatible with Ethereum, meaning that existing Ethereum-based dApps and smart contracts can be easily ported over to the Polygon network.

Security: The Polygon network uses a decentralized governance model, making it more resistant to censorship and fraud.

Community: The Polygon community is growing rapidly and has a strong developer community that is actively working on building new and exciting projects on the network.

Interoperability: Polygon is also interoperable with other layer 2 solutions such as Avalanche, Binance Smart Chain and more, offering more options for users, developers and investors.

If you're not persuaded by these advantages, you can observe the direction that the leading brands have gone in:

Conclusion

The emergence of community marketplaces for NFTs is a game changer for the digital world, allowing projects to offer a truly unique and branded experience for their users. 

These marketplaces allow creators and projects to control prices, profit margins, product authenticity, and direct communication with their community. 

Unlike traditional third-party marketplaces, community marketplaces offer lower fees, and a portion of the trading fees go to the DAO/community wallet, allowing the community to directly benefit from every trade made.

Creating a custom marketplace can be a daunting task, but with the help of open source and decentralized infrastructure solutions, it is possible for projects to take their place among the digital elite.

The Rug

L2 Arbitrum Teases Gumdrop

Brought to you by The Rug

The world of L2’s are so elastic it has expanded to include chewy types of bubble gum. 

“Ethereum’s stretchy mainnet is simply no longer the industry’s only tasty solution. The engineers at Offchain Labs teased an elastic new solution they’ve been cooking up. But the question on everyone’s mind about the new flavor, Arbitr-yum, is wen gumdrop?”

Collect the delicious Arbitr-YUM as an NFT on optimism.

D’Art Drops

Introducing weekly NFT art drops for the Bankless community, brought to you by Decentralized Arts.

“Underlying the vast swath of ruin our civilization has carved is not human nature, but the opposite: human nature denied. This denial of human nature rests in turn upon an illusion, a misconception of self and world. We have defined ourselves as other than what we are, as discrete subjects separate from each other and separate from the world around us.”

—Charles Eisenstein, Ascent of Humanity

Introducing the second drop in the series of four from artist debrabdesign, “Connection”:

As the old world and its systems fall away, new connections will be made uniting nature and technology in a symbiotic relationship beneficial to humans and our environment.

Attend the BanklessDAO Community Call this Friday for the drop announcement, and grab your copy of this NFT when sales go live.

Chippi Corner

By Perchy

THE LEGION OF 444 – Part 1

by DustyEye, with L.Elrah, Hybridcode_ & Turinglabs

Dear BanklessDAO Readers,

In the previous release we promised to provide the first digital extraction of a Demon. Unfortunately, the chrono-oxidation formed on the chain slows down the operations.

We will make the most of this week to introduce you to the team involved in the technoritual.

Let's start with Turinglabs, to whom goes the merit of converting the stretch of chain containing the Legion of 444 into digital plasma. An indispensable step in the development of the containment techno-cage.

Then Hybridcode_ intervenes to dissect the plasma by combining programming and shamanic techno-art. A practice already tested in previous collaborations with excellent results.

To complete the extraction is L.Elrah, painter/model/designer/psychonaut. In this process you will erect a techno-bridge between the digital encoding of the Demons and their graphic incarnation.

Thank you all!

We apologize for the delay. Transferring immaterial entities into representations is a practice with an ancestral aftertaste that requires an enormous expenditure of energy. We are working on it at full capacity.

See you next week,

Dusty Eye

______________________

WEB: www.DustyEye.com
IG: @DustyEye_DE
TWITTER: @Dusty_Eye

Meme

A small joke contributed by The Rug.

PostScript & Acknowledgements

Decentralized Arts is written and produced by a small team of contributors who are passionate about art, both visual and written, and its growing place in crypto and NFTs. With each edition, we aim to bring you not only the most current and relevant news in the NFT space, but also explorations in what it means for our culture and societies for this market to continue to grow and expand. When everyone is an owner of art, we all gain a deeper appreciation for it.

If you enjoy reading this newsletter, please share it with someone who you think will appreciate the content. We also welcome suggestions via our feedback form.

With great appreciation for you, we thank you for reading and subscribing to Decentralized Arts.

Cordially,

Grendel, Kouros, Kaf, nonsensetwice, and Frank America