Portco highlight: Rarible

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Republic Capital made an investment in Rarible in Q2 2021

In portfolio since	Q2 2021
invested amount	$499,997
Note eligibility	25% of corporate Carry

Rarible has just launched RaribleFUN, the first NFT marketplace on MegaETH, demonstrating a significant breakthrough in digital asset trading. Within five days, the platform processed over 1 million NFT mints, with its inaugural drop reaching 1.3 million mints across 1 million unique holders. By leveraging MegaETH's infrastructure—capable of processing over 100,000 transactions per second—Rarible eliminated traditional barriers like gas fees and slow transaction speeds.

Founded in 2020 by Alex Salnikov, Rarible has transformed from a simple marketplace to a comprehensive infrastructure for the NFT ecosystem. The company's strategic approach is evident in its multichain capabilities and community-driven governance model, powered by the RARI token.

Rarible’s innovations extend beyond RaribleFUN. The purpose-built RARI Chain, an L3 blockchain on Arbitrum, embeds creator royalties at the node level, addressing the fundamental problem of artist compensation in digital marketplaces. This multichain strategy has enabled Rarible to expand across different networks, creating diverse revenue streams and a more inclusive platform.

Rarible Inc. has raised $15.95 million over three rounds. Their latest round was a Series A for $14.2 million on June 23, 2021, led by Venrock Capital and CoinFund. The platform serves approximately 1.6 million users globally.

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