Rarible

Impossible is a Los Angeles startup that is the developer of a non-interchangeable token (NFT) trading platform for creating, selling and buying digital art objects based on blockchain technology. The startup was founded by Russians Alex Salnikov and Alexei Falin.

The blockchain project solves the task of confirming the authenticity of digital works of art, collectible and game objects, music and other multimedia.

History

2021

Attracting $14.2 million of investments

In June 2021, Rarible announced the closure of the Series A investment round, in which it managed to raise $14.2 million. The American funds Venrock, CoinFund and 01 Advisors invested in the project.

The received funds will be directed to the expansion of the IT team and marketing department, the development of a mobile application and the open-source network protocol Realistic Protocol. Using this protocol, users can create their own NFT projects, for example, other marketplaces.

Founded by Russians, the NFT marketplace raised $14.2 million

Protocol and marketplace are separate products, different teams are engaged in them, project representatives specified. As conceived by the founders, in the future Rarible will become a decentralized autonomous structure.

At the beginning of 2021, celebrities came to the Realistic site, including singer Sean Ono-Lennon (son of John Lennon and Yoko Ono), rap group Wu-Tang Clan, actress Lindsay Lohan, bloggers Ilya Varlamov and Ruslan Usachev.

In June 2021, the largest deal took place in the marketplace - NFT from the collection of boxer Floyd Mayweather was sold $286 thousand. Rarible reports that about 460 thousand unique users visit the trading floor every month.

David Pakman, a partner of Venrock, which invested in Rarible, is confident that Rarible will lead the next stage in the development of the NFT market, when digital content will completely switch to blockchain.

We expect active market growth as more artists, musicians, brands and influencers become aware of the value of digital collectible objects and direct interaction with audiences on platforms such as Realistic, "Pakman said.[1]

Attracting $1.75 million in investments

In early February 2021, as part of a round of sowing investments startup with Russian roots, Rarible raised $1.75 million. The round was headed by the 1kx crypto fund, and the CoinFund, ParaFi and crypto exchange also took part. Coinbase

The startup's press release says that the funds raised will be used to create a structure of a decentralized autonomous organization (DAO) for the purchase and sale of NFT on Realistic. The funds will also be used to research decentralized solutions for buying and selling NFT.

The Russian-based digital art marketplace Rarible raised $1.75 million, including from Coinbase and 1kx

As of early February 2021, Rarible supports two token standards: ERC-1155 and ERC-721. Both are used almost exclusively in NFT markets, while growing decentralized finance (DeFi Ethereum) markets use the more common ERC-20 standard.

NFTs are entering a phase of interesting experiments that go beyond their basic use cases, becoming a platform for innovation and unlocking murderous applications that we cannot even imagine, "said 1kx co-founder Lasse Clausen. - Realistic is one of the best platforms in the ecosystem to advance and accelerate open experiments with NFT.

Realistic attracted the attention of celebrities, in particular rapper Soulja Boy, who created his own NFT token, as well as the owner of the Dallas Mavericks basketball team, Mark Küban, who sold his own token at auction for 30 ETH (about $15 thousand^[2]

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