Rarible offers to build a community marketplace for ApeCoin DAO

Rarible, a well-known NFT platform, proposes to build a Bored Ape NFT marketplace for ApeCoin DAO. The protocol platform claims it will create a marketplace with zero fees for holder-listed NFTs.

Rarible put out a proposal on Wednesday against Magic Eden’s offer to build a Bored Ape-centric marketplace with no fee for NFTs. The protocol will also add OpenSea and LooksRare to boost liquidity.

The NFT marketplace will be tied to Yuga Labs’ ecosystem and include NFT collections connected to ApeCoin DAO such as Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherside.

This proposal seems to be much more appealing than Magic Eden’s because it offers unique features. Rarible is motivated to use its protocol to build a platform for one of the elite NFT communities.

Rarible's proposal also includes ApeCoin DAO’s role in decisions for the new marketplace. According to the team, the Bored Ape marketplace will be dropped four weeks after the approval of the proposal.

The proposal included MoonPay payment methods for digital currency, dedicated support, and a special feature to place a collection-wide offer. The community can add other NFT projects through voting.

As of now, ApeCoin DAO hasn’t responded to the proposal but seeing the high pitch Rarible has offered, the protocol is head-on against Magic Eden and Snag Solutions community marketplace proposals.