Rarible is a browser extension that allows users to buy and sell digital items, including NFTs. This article will show you how to use the platform to create your own unique digital items and sell them online.
Rarible is a platform that allows users to sell and create NFTs on the Ethereum blockchain.
Rarible is a digital marketplace for crypto collectibles, or non-fungible tokens. On Rarible, you may purchase, sell, and create your own non-fungible tokens.
Rarible enables users to convert their works into non-fungible tokens (NFTs) and sell them on the platform.
I’ll teach you how to utilize Rarible to purchase, sell, and generate non-fungible tokens in this tutorial.
What is Rarible and how can I utilize it? Rarible allows you to buy and trade NFTs.
You’ll need a cryptocurrency wallet and enough ETH to utilize Rarible. So you may use Rarible to purchase non-fungible tokens and pay transaction fees.
However, not all bitcoin wallets can be used to access and utilize Rarible. A cryptocurrency wallet that enables consumers to utilize dapps is required.
The most popular wallet for utilizing dapps is MetaMask. If you don’t already have a MetaMask wallet, you may learn how to install and set it up using our MetaMask guide.
If you have a hardware wallet, such as the Ledger Nano X, you may link it to your MetaMask wallet to make using dapps safer.
Rarible may be connected to your MetaMask wallet.
To get started, go to Rarible and log in to your MetaMask wallet. To link your wallet to Rarible, click the “connect” option on the platform.
To accept Rarible’s terms of service, check the boxes and click the “continue” button.
Rarible is a website where you can buy non-fungible tokens.
You may begin researching digital treasures on Rarible after linking your money to the site.
If you’re interested in a specific collectable, you can simply click the “buy now” button to purchase it or make a bid on it.
You must authorize the transaction on your MetaMask wallet after hitting the “purchase now” button. On your MetaMask wallet, a pop-up notice will display, allowing you to see and change the gas cost.
Bidding on Rarible for a non-fungible token
You may make a bid for a non-fungible token on Rarible if you wish to purchase it at a certain price.
Enter your bid and the quantity of the collectable by clicking the “bid” button. Click the “place a bid” button to go on to the next stage.
After selecting the “put a bid” button, you’ll be prompted to complete three stages using your MetaMask wallet, each of which will cost you Ethereum gas.
Your ETH will be converted to WETH (Wrapped Ether), and you’ll be good to go.
Rarible is selling non-fungible tokens.
You may see and sell non-fungible tokens, often known as crypto collectibles, on Rarible if you already have them in your wallet.
To see your non-fungible tokens after linking your wallet to Rarible, click “my account” beneath the gravatar.
Select and select the collectable you wish to sell, then click the “place on sale” option to sell it.
Click the “next step” button after entering the price in ETH, DAI, or other tokens. On MetaMask, you’ll need to approve the token and then sign the transaction.
On Rarible, how do you make a non-fungible token?
You may build your own non-fungible token on Rarible in addition to selling crypto collectibles that you possess in a game or any other dapp.
To make your own Rarible collectible, go to the site and click the “create” button.
Choose from “single” and “many.” You can select the multiple option if you want to sell your work, such as music, multiple times.
Upload your file and fill out the rest of the form. You can set a price for your item that will sell it right away, but it will still be biddable.
A key, code, or a link to your original file can also be included. You can either use Rarible or create your own collection by adding an image, a name, and a token symbol to the collection section.
Give your non-fungible token a name and a description. Set a royalty percentage as well. You’ll be able to get paid whenever your NFT is sold on the secondary market this way.
Click the “create item” button after uploading your work and filling out all of the details to mint your non-fungible token and sell it.
You’ll have to follow the steps below, which will cost you Ethereum gas. Ensure that you have enough ETH in your wallet to cover transaction costs.
Fees that are extremely rare
Rarible charges a 2.5 percent fee. To purchase a collectible for 1 ETH, you must pay 1.025 ETH.
If you sell your own non-fungible token on the platform for 1 ETH, you’ll get 0.975 ETH in return.
As a result, Rarible deducts a 5% fee from each sale, which is collected from both sellers and buyers.
Other dapp reviews and tutorials can be found here:
Frequently Asked Questions
How do I sell on Rarible?
To sell on Rarible, you need to go to the “Selling” tab and fill out the form.
Is it easy to sell on Rarible?
Yes, it is easy to sell on Rarible.
How can I make money with Rarible?
You can make money with Rarible by selling your data to companies that use the information you provide for their own purposes.
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