Rarible in 2023: Recap

Gm,

2023 is almost over, and yes, it's been a crazy year. After several months of stagnation, it looks like the market is finally coming back to life.

But as nervous as a bear cycle can be, we pay little attention to the charts. Most of our focus has been on the clear cut goal we have set for ourselves at Rarible: Prepare for the next bull.

So while the NFT market uptrend will undoubtedly happen at some point in the future, how will it look, exactly?

Well, we have a definite answer (consider it alpha if you want—not a financial advice, though): The next cycle will be driven by cheaper NFTs, better UX and communities, both from web3 and web2. It will be all about the availability of NFTs.

So while web3 communities are already here, what about the web2 ones? Well, this review will expand on how this process has alredy started, as this year we’ve been busy onboarding major brands to web3.

For instance, did you know there are 215,000+ wallets trading HotWheel and Barbie NFTs on Mattel's secondary marketplace powered by RaribleX? And that number kept growing even when the NFT volume on Ethereum neared its all-time low.

That is why we're happy about what we accomplished this year, grateful for the support and trust of our community, and super excited for the next year ;)

To see the timeline of the most important updates we shipped in 2023 and more details about each one, click on the link below.