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Earlier today, RARI Chain announced an upcoming migration to use Celestia Org, the leading modular DA layer. RARI Chain is a creator-first blockchain powered by Arbitrum, offering a secure and low-cost environment with royalties embedded on the sequencer level. According to the firm’s statement, moving our DA layer from a Data Availability Committee to Celestia Org is a crucial milestone for their path to decentralization.

Celestia Keeps Blooming This development comes at a time when the Celestia ecosystem is blooming based on recent data. According to Spencer Noon, more users post data to CelestiaOrg’s blobspace. According to them, the daily data posted to Celestia’s blob space has steadily increased since its inception and is now consistently hitting 200 MB/day.

More users are posting data to @CelestiaOrg’s blobspace…

“The daily data being posted to Celestia's blobspace has steadily increased since inception and is now consistently hitting 200 MB/day consistently – indicating that modular designs are gaining traction in the blockchain… pic.twitter.com/cZuXrbvmWc

— Spencer Noon 🕛 (@spencernoon) May 31, 2024 Spenser Noon states that modular designs are gaining traction in the blockchain space.

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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

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RARI Chain and Arbitrum Team Up for ‘DeFi Days,’ Empowering Creators through DeFi Education

Non-fungible tokens (NFTs) are evolving to create more “value and utility” for their creators and users, according to a recent panel discussion on "Navigating the Evolving NFT Landscape" at the TEN by RARI x Refraction event in Bangkok.

While the creator economy is the “flagship use case” of NFTs for consumers and retail, “There's going to be a lot of other applications of NFTs which are just in the backend,” ​Jana Bertram, Head of Strategy at RARI Foundation, told Rug Radio creator Pukerainbow.

Users won’t know that NFTs power the application, she said, adding that, “nobody really will care—it's just something that functions, but it will be powered by those NFTs.” She pointed to RARI Protocol’s integration with multiple ecosystems and chains, adding that “this tech stack can be powering NFT growth in all these different ecosystems.”

From speculation to impact-driven NFTsAs the technology underpinning NFTs evolves, so too are NFTs themselves, offering “different kinds of mechanisms you can play with,” said new media artist Shavonne Wong. Justin Gilanyi, Curator at Codex Projects added that during the crypto bear market, dedicated NFT artists, fashion designers and musicians have worked on “building their craft, learning their tools, and really developing their concepts.”

Creators are experimenting with the new tools available to them to add “meaning and story” to their NFTs, Bertram said. “You can then think about community and using NFTs as an engagement mechanism,” she added.

​Sam Friedman, Head of Marketing at Arbitrum, pointed to a recent example where users, “could burn an NFT to then get a piece of physical merch, if that's what you want.” Another emerging use case is to “soulbound an NFT to someone, and then you can use that as a mechanism to then send subsequent information to that wallet address,” he said.

Educating creatorsThere are still “hurdles and thresholds to overcome for mass adoption,” said Gilanyi, with Friedman adding that, “Education and distribution are the things that we really have to work on, especially in the creator space.”

That education needs to encompass a broader view of Web3, beyond just minting NFTs or earning royalties on secondary sales, said Bertram. She explained that RARI is “onboarding creators" to decentralized finance (DeFi), so that they can “experience a bit of a different angle in Web3” and learn new ways to monetize their skills, such as staking and yield farming. To that end, RARI has launched workshops in locations around the globe, including Lagos, Bangkok, Lisbon and New York, to connect with NFT creators and educate them on the wider possibilities of Web3.

NFTs are about much more than just art, the panel argued, enabling creators to build deeper connections with audiences. “We have artists not only creating art, but creating experiences, creating activations, creating content,” said Gilanyi.

"Creator first" innovationsIncreasingly, traditional artists are being drawn to the technology, thanks to “creator first” innovations such as royalties that are embedded directly onto NFTs. “On RARI Chain, it's amazing that on the code level there are creator royalties embedded,” said Gilanyi.

Bertram explained that RARI Chain has leveraged Arbitrum One’s technology stack to seamlessly integrate royalties at the “sequencer” level. “In very plain terms, the sequencer will not enable or validate a transaction that does not respect royalties,” she explained.

By ensuring that royalties are “baked in,” Friedman said, it opens up wider possibilities for creators, such as royalties attached to physical products like sneakers.

“Creating is hard, and I think there's a sense of bravery that has to come with that and putting yourself out there,” Friedman said, explaining that NFT royalties enable creators to ensure that they have steady revenue streams. “Making sure that you're taking care of yourself is something that I think is really valuable and really important,” he said. “So doing that on a blockchain level is a way to protect it.”

With the crypto market picking up, a “trickle-down effect is happening,” bringing newcomers to the space, said ​Kim Madison, VP of Customer Success at Rarible. She added that, “Obviously, none of us really have a crystal ball to know what's going to happen in the future, but I think the trajectory of where we're at right now, it's going to be an exciting ride, and I think it's only going to go up from here.”

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Digital asset markets are constantly evolving, with fresh and interesting projects emerging continuously. Today December 4, many tokens grabbed the attention of the crypto community.

According to data shared by Phenix Group, cryptocurrencies with outstanding performance today include Tron, Amp, Status, RARI, JUST, Sharpe AI, Klever Coin, Braintrust, Hyperliquid, and Curve DAO. Each of these gainers displays extraordinary attributes and has witnessed unique market activity, providing smart investors with distinct avenues to make profits.

Leading crypto gainers today Tron (TRX) TRX rose tremendously, displaying the most remarkable surge today. Tron outperformed other dormant cryptocurrencies with an impressive increase after its founder made a huge investment into a DeFi crypto project backed by Donald Trump.

Last week, Justin Sun invested $30 million in World Liberty Financial (WLFI), a DeFi project owned by President-elect Trump. Today, TRX set a record in the crypto market by soaring as much as 66.1% and climbed to a new ATH of $0.4313.

Amp (AMP) AMP (AMP) surged 56.0% in the past 24 hours and maintained its bull run as big investors have started accumulating the alternative crypto.

AMP’s trading volume rose 829.80% in the last 24 hours, signaling a recent increase in its market activity. Its price pump boosted its market cap to surpass $1 billion for the initial time in 29 months before retracing its way back to $911.58 million.

Three factors are responsible for AMP’s increase. First, the rise aligns with the wider bull run in the altcoin market. Secondly, its partnership with Flexa, an online payments platform that leverages AMP as collateral. Flexa recently integrated its network with the Zcash wallet app, broadened its user adoption, and bolstered AMP’s utility. Lastly, AMP’s upswing has been driven by an increase in big investors’ activity over the last 24 hours.

Status (SNT) Status (SNT), a decentralized platform developed on Ethereum, has risen 51.3% over yesterday. Established in 2017, the altcoin enables users to engage with dApps, send coded messages, and also serve as a crypto wallet.

SNT price surge means that currently, more users are purchasing the token than selling it. SNT is becoming a preferred mobile browser and open-source messaging platform allowing people to interact with decentralized applications on the Ethereum network.

RARI (RARI) RARI takes the fourth spot on today’s dominant gainers list, displaying a robust 47.2% rise in the last 24 hours. This blockchain is garnering user attention, boosted by its role in providing users with DeFi tools and resources to thrive in the expanding Web3 landscape.

With its advanced blockchain infrastructure, RARI enables users to explore opportunities beyond traditional exchanges, NFTs, yield generation mechanisms, and rewards.

JUST (JST) JUST is among today’s top gainers, showcasing a 46.8% rise in the last 24 hours, indicating robust bullish sentiment and ability for continued gains. JUST is one of the major prominent decentralized ecosystems on the TRON blockchain.

It tries to set itself apart from competitors by offering various innovative resources. As a result, it is rapidly turning to be one of the prevailing dApps in the Web space. The network’s exceptional security, application, and interoperability serve as factors elevating JST price to witness breakout momentum.

Sharpe AI (SAI) Sharpe AI is the sixth top gainer in the list, exhibiting an incredible 43.1% increase in the past 24 hours. This uptick aligns with Sharpe AI’s commitment to enabling everyone to secure datasets and utilize AI agents to conduct tasks across its global data network. Its platform provides users with great opportunities to expand their earnings using advanced AI tools.

Klever Coin (KLV) Klever Coin is the seventh token on the list, posting its resilience in the competitive digital asset market. The crypto has witnessed price ascend by 41.4% in the last 24 hours. By providing users with a customer-friendly, efficient, and secure platform for managing crypto tokens, it thrives to guarantee users with seamless experience.

Its advanced ecosystem consists of various services and products like Klever blockchain, Klever exchange, Klever wallet, and others. The platform designed all these tools to empower people with the resources they need for seamless crypto investment and transactions.

Braintrust (BTRST) Braintrust is jumping onto the digital asset scene with amazing uptrend momentum, soaring an impressive 41.1% in the last 24 hours. This quick growth has grabbed greater user interest, with traders and savvy investors embracing its extraordinary ecosystem. Braintrust is a next-gen talent network that connects freelancers with companies and offers users earning opportunities.

Hyperliquid (HYPE) Hyperliquid seized the spotlight as today’s ninth top gainer. In the past 24 hours, HYPE price has surged by 37.8% and its trading volume rose by 20.70%, indicating robust market activity.

HyperLiquid is currently doing well in the market partly due to its recent airdrop event that provided users with huge payouts, sending its price to rise from $3.2 to $4.8, exceeding expectations.

Such a rapid surge reflects a robust belief from users in Hyperliquid’s prospects. The token’s outstanding features place it as one of the major digital assets in the industry.

Curve DAO (CRV) Curve DAO scopes the 10th position among today’s best-performing crypto assets. The altcoin’s 33.9% price increase reflects growing enthusiasm around its groundbreaking solutions.

Formed in 2020, Curve has been a driving force in the DeFi sector, offering liquidity solutions through algorithmic trading bots. Its DAO plays a crucial function role in the ecosystem’s growth.

Crypto market optimism grows Today’s top gainers reflect a broader trend in the digital asset market where overall cryptocurrencies are gaining momentum. The wider virtual currency market rose slightly on Tuesday. The total market valuation was up by 0.74% to $3.70 trillion, while the total transactions surged by 44.52% to $271.31 billion.

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

Rarible bets on token buybacks to outlast NFT farming hype

PANews reported on May 29th that NFT marketplace Rarible announced on its X platform that Impossible has acquired the Rarible brand and core platform assets. This acquisition marks Impossible's first foray into mergers and acquisitions and brand expansion. The RARI Foundation ecosystem and RARI tokens remain independently managed by the relevant foundation entities. The team stated that they will continue to support artists, collectors, and the community, and will share more plans in the future.