POLKARARE update: PRARE Live price, price chart, news and markets

PolkaRARE is a cryptocurrency that operates on the Ethereum platform. It is a Web3 platform that allows users to create, trade, and explore Polkadot Substrate-built NFTs.

Introducing PolkaRare

PolkaRare is a web3 economy that empowers individuals and brands to create, trade, and discover NFTs. With the unique features of polkarare, including provable scarcity and transferability, we aim to unlock the full potential of NFTs.

Key Features

What Sets This Project Apart?

The project aims to become a diverse NFT platform that supports multiple blockchains. Users and creators can optimize their choice of blockchains and seamlessly transfer NFTs across different networks.

In the initial phase, NFT creation is available on Ethereum and Polygon chains. Phase 2 will introduce NFT creation on the BSC, with plans to expand to other blockchain networks in the future. 

While all of the PolkaRARE repositories are currently private, they will be open-sourced as soon as possible.

The platform incorporates the following core technologies:

The economy includes the following components:

• An NFT marketplace for users to create and trade digital content
• Smart contracts for marketplace functionality on multi chains
• Social & commerce modules
• Account Module to handle email authentication and social logins
• A decentralized storage system to securely store all digital content files
• Server modules for storage of unessential data
• Price discoverability engine

NFT Specification

PRARE NFTs will be based on ERC1155 specifications. They will be compatible with external systems that support the ERC1155 standard, such as OpenSea. 

PRARE NFTs contain metadata, including the address of the original creator, royalty fee ratio, and unlockable content.

What Makes PolkaRare Different?

• Multichain NFT marketplace: A cross-chain NFT marketplace with interoperability, social features, gasless transactions, and a 3D art gallery
• NFT Wallet: A wallet that supports multiple chains for storing NFTs and digital assets
• Collections: Rare NFT drops featuring licensed art, music, and sports cards
• NFT collateralized loans: Utilize your NFT assets as collateral for loans or offer loans to other users based on their non-fungible tokens
• Royalties: Creators can set flexible royalties on their creations to receive commissions from secondary sales. PRARE token holders will have the ability to set slightly higher royalties
• Unlockable content: Securely store private files that are only accessible to the current owner
• NFT price discoverability protocol: Implement price discovery models to determine the realistic value of your NFTs
• Social features: User profiles, ratings, comments, favorites, and sharing options to enhance creator and fan engagement
• Multi-content support: Support for both 2D and 3D media