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The eBay for Crypto Assets Rare Bits Raises $6 Million

In this, we learn how their “social collecting” platform connects artists, collectors, and crypto in a new type of ecosystem. Never before has it been possible to issue a rare digital asset without the risk of it being copied and pasted over and over again. Now, thanks to the Blockchain, these assets can be uniquely identified and have their ownership tracked on an immutable ledger.

To maintain this value, Paxos holds an amount of U.S. dollars equal to the total supply of BUSD. As with other stablecoins, BUSD gives traders and crypto users the ability to engage in transactions with other crypto assets while minimizing the risk of volatility. RareBits, the first eBay-style marketplace dedicated to the buying and selling of crypto assets has just raised $6 million dollars in an ICO. Rare Bits has a platform for buying and selling cryptocurrency assets. A marketplace where users can buy, sell and discover crypto items.

That led Rare Bits to raise a $1 million seed from Macro Ventures and angels like Steve Jang and Robin Chan. A non-fungible token is a digital asset or a unique identifier that assigns, links, or proves ownership of unique physical and digital goods. These goods can be anything ranging from artwork, music, digital real estate, or videos. At Rare Bits, we’re incredibly excited about building products for blockchain-powered digital goods. This ecosystem is in the early stages of its developments, and as a result, a lot of the core infrastructure to build apps and services around these goods is missing. With new interoperable standards for unique digital goods like ERC721, the developer community is working together at lightning speed to move the space forward.


Doge was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases. Created in 2009 by Satoshi Nakamoto, Bitcoin is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.

You can use NFTs to protect intellectual property and patents and also prove your ownership of any piece of digital content. The use of NFTs in the gaming industry also enables gamers to make easier and safer transactions devoid of middlemen within the blockchain. NFTs are used to store information regarding the manufacturing process and ownership of a product on the blockchain.

Rare Bits raises $6 million for site where you can buy and sell CryptoKitties is an independent publishing house that provides Cryptocurrency & Blockchain Technology News. It is a News Media Platform which serves its audience with accurate News and Analytical Articles. Our team is committed to providing unbiased News & Reports related to various Cryptocurrencies, Decentralized Apps, Initial Coin Offerings and Blockchain technology. The data on this site comes from various NFT marketplaces and from the NFT project creators themselves. We also source NFT community statistics directly from Twitter and Discord.

  • Dogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes.
  • We’re excited to share that we now have testnet versions of Rare Bits.
  • Once the NFT is sold to a buyer, it can then be resold at any price on a variety of NFT trading platforms.
  • USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.
  • Usually, it takes n/a seconds for the visitors to open the website.

So while other people may have access to the asset, none of them can claim ownership of it. Even though the NFTs are virtual, the fact that their ownership and authenticity can be verified makes them valuable. The implication of this is that even though an NFT asset can be copied, the digital certificate of ownership that can be bought or sold along with the artwork can’t be duplicated. But if the reverse is the case and the demand for the NFT is low, the seller will most likely pick a low floor price in order to sell out the NFT quickly before it freezes out.

Blockchain and Cryptocurrency Updates

When you buy stock, you are buying a share of ownership of a company, which means you’re entitled to do things like vote on the direction of the company. If that company goes bankrupt, you also may receive some compensation once its creditors have been paid from its liquidated assets. Somewhat later to the crypto scene, Cardano is notable for its early embrace of proof-of-stake validation. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which ADA, its native coin, powers. Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.

Some may choose to hold NFTs that they believe will have long-term value, while others may sell their NFTs after buying just to make some profit. Savvy NFT traders take advantage of price fluctuations and actively trade NFTs to generate profit. NFTs are also valuable because they help verify the authenticity and ownership of a non-fungible asset.


Building apps on the blockchain that interact with unique digital goods requires new infrastructure that differs from fungible assets like cryptocurrencies. Our team has been building this shared infrastructure out for our own products — Rare Bits and Fan Bits — and we’re now working to empower other developers in the ecosystem with it. Yet unlike cryptocurrency exchanges or wallets, Rare Bits focuses on crypto-based products, but doesn’t sell actual cryptocurrencies. Similar to buying an item on eBay, users surf a catalog of more than half a million digital items Rare Bits currently offers, identifying which one they’d like to purchase.

Principal Engineer – Distributed Systems & Blockchain

Explore all the top NFT collections by price floor, market cap, and total volume. We aggregate NFT from various blockchains such as Etheruem, Polygon, Optimism, Arbitrum, Klaytn, and more. He said that it will do well in the long term, and he sees particular promise now in enterprise VR. The initial Presence Capital fund will have invested more than $10 million by the time all is said and done.

binance coin

Today, we’re excited to share our commitment to the developer community with a few announcements we’ll cover in this post. We’ve also redesigned our developer experience to help developers get started even faster. Each Bunny is going to have a specific theme attached to it. Through the chart below, you will know that the subdomain n/a is very popular, about n/a visitors per day.

NFT stats gives you the latest information about the NFT space. If you want to find the best NFT to buy, upcoming NFT projects, what’s the most expensive NFT – we’ll provide you with the data, charts, insights and news you need. If they continue this trend of working with highly established and respect art institutions, the social collecting network will go nowhere but up. For the first sale of a new art piece, the original creator receives 85% of the commission while the gallery receives 15%. To date, more than 5,000 artworks have been created with over $500,000 in fees collected by artists on SuperRare. Pixura, the company building the crypto collectible technology running SuperRare.

But Rare Bits could be looking at a steep bill or be forced to push those fees onto users if it gets popular enough. A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. On the other hand, some NFT buyers like art collectors are not interested in reselling the NFT. This group of buyers derive joy from knowing that they are the sole owners of certain digital assets.

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Fungible items like cryptocurrency and fiat money can be exchanged with one another without losing value because their value is not tied to their uniqueness. Each NFT is coded with a unique ID and other metadata that are impossible to replicate on other tokens. The blockchain acts as a decentralized ledger that is used to track the transaction history and ownership of the NFT, and this makes it difficult to be counterfeited or altered. CryptoKitties are blockchain-based digital kittens that can be bought and sold for as much as $200,000.

We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. You can use these metrics to decide whether Rarebit Bunnies is a high-potential NFT, if it’s gaining popularity & trending, and if it’s actually worth your contribution. Rarebit Bunnies NFT dApp is overall bullish in Sales and has increased in comparison to the previous 7-day period. It is now ranked #213 in General BDG dApp Tracker category, and also #60 in ETH category. Rarebit Bunnies NFT is steadily gaining popularity among users with a 0% increase of users for the same 7-day period.

Rare Price Today

Rare Bits lists more than 500,000 items from a dozen games, including CryptoPunks, Ether Tulips, CryptoBots, CryptoFighters, Mythereum and CryptoCelebrities. Users get the benefit of having all their crypto-collectibles in a single wallet. They can see historical pricing before they buy anything thanks to the transparency of the Ethereum ledger, whether they want to “Buy Now” or win an auction. The collectors can also see related items rather than transacting in a vacuum. One item sold for more than $10,000, and sales in the 5-10ETH range ($555 each today) aren’t uncommon.

Verifying the Authenticity of Products

Amount of incoming value to dApp’s from trades taking place. Total amount of purchasing actions made to the dApp’s smart contracts. Most Secure Wallets To Start With Check the analysis report on Top-rated Crypto Wallets that are safest for your funds. Exclusive Crypto Deal List of 2022 Get huge savings on the biggest crypto brands with custom discounts & deals. Where are the visitors who visited the website Through the map below, you will know that most of the visitors to this site are from n/a, about n/a visitors per day.