Rari Foundation launches Rari Chain mainnet on Arbitrum to help protect NFT royalties

Quick Take

  • Rari Foundation announced Rari Chain’s mainnet launch on Arbitrum. 
  • Rari Chain is a Layer 3 augmenting Arbitrum that aims to protect NFT royalties on the node level. 

Rari Foundation, the organization representing the Rari DAO, has launched the Rari Chain mainnet on Arbitrum. 

Rari Chain is an Arbitrum-based EVM equivalent chain that preserves royalties by embedding them on the node level. It's a Layer 3, which means it boosts scaling and other features of a Layer 2, in this case Arbitrum, to augment the NFT ecosystem. 

"The launch of Rari Chain mainnet turns our vision of creating NFT specific, creator-focused chain, that becomes home for creator economy, into a reality," said Jana Bertram, Head of Strategy at Rari Foundation, in a statement. "We're excited to provide the ground for innovation and new NFT use cases, and welcome a new wave of NFTs and projects, by offering a new decentralized infrastructure tool to the web3 community.”

The mainnet's launch also accompanies an open edition NFT drop from ten digital artists through a collaboration with Rari Foundation, the NFT platform Rarible and others. 

Rari Chain's testnet launch occurred on Nov. 30, 2023. Around 46,000 wallet addresses joined the testnet, which had roughly 251,000 total transactions enacted, a spokesperson told The Block. 


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Rari token

The Rari Foundation has a native token $RARI. It has a total supply of 25 million and was priced at $1.28 as of 8:58 a.m. ET on Jan. 24. The Rari Foundation treasury is valued at nearly $8 million, composed of around 6.3 million $RARI, according to the Rari Foundation’s website.

Rari Foundation represents the RARI DAO, which is governed by the $RARI token and its holders to oversee the Rari ecosystem.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.