CryptoETHAptos to Collaborate with Rarible Amid Surge in Network Activity

Aptos to Collaborate with Rarible Amid Surge in Network Activity

Aptos, a Layer-1 blockchain network utilizing a proof-of-stake consensus mechanism, is preparing for a significant partnership with the NFT marketplace Rarible. This collaboration is anticipated to bring transformative benefits to both platforms, as Aptos experiences a notable increase in daily transactions.

On August 22, the Aptos Foundation’s global community manager, known as “Angel,” suggested in a forum post that Rarible might soon integrate support for the Aptos network. This potential collaboration could introduce innovative NFT use cases by leveraging Aptos’ technology. Angel emphasized that this development is one to closely monitor, whether it involves a full marketplace launch or another form of partnership.

Rarible, which currently supports networks such as Ethereum, Base, and Celo, has yet to list Aptos among its supported platforms, as indicated on its FAQ page. However, hints of a possible integration have appeared on Rarible’s social media channels, though specifics remain vague.

The announcement comes at a time of unprecedented activity on the Aptos network. According to data from Aptoscan, daily transactions on Aptos nearly reached 144 million on August 14, marking a significant increase in blockchain activity. The cause of this surge is not yet clear, but it coincides with Tether’s recent announcement regarding its U.S. dollar-pegged stablecoin (USDT) becoming available on the Aptos network.

Tether has not disclosed an exact launch date for USDT on Aptos but highlighted the network’s “robust developer community” and “extremely low gas fees” as key factors in its decision. Tether noted that Aptos’ low transaction costs make it an attractive option for various use cases, ranging from microtransactions to large-scale enterprise operations.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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