Rarible (RARI) API and Price Oracle

Rarible API Logo

Rarible

RARI
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0xFca5...41CF
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Rarible (RARI)?

Rarible (RARI) is a decentralized marketplace for non-fungible tokens (NFTs) built on the Ethereum blockchain. It allows creators to mint and sell their digital collectibles directly on the platform. Rarible was founded in 2020 by Alexei Falin and Alex Salnikov. The name "Rarible" combines the words "rare" and "collectible." The platform gained popularity during the NFT boom in early 2021 and has since become a prominent player in the NFT space.

How does Rarible work?

Rarible is a decentralized marketplace for creating, buying, and selling digital collectibles known as NFTs (non-fungible tokens). It operates on the Ethereum blockchain, utilizing smart contracts to facilitate transactions and ensure the ownership and authenticity of digital assets.

At its core, Rarible leverages blockchain technology to enable creators to mint their unique digital assets as NFTs. These assets can include digital art, music, videos, in-game items, and more. By minting an NFT, creators establish verifiable ownership and encapsulate the scarcity and uniqueness of their digital creations.

When a user creates an NFT on Rarible, it is stored securely on the Ethereum blockchain, making it tamper-proof and resistant to censorship. The blockchain acts as a public ledger, recording all transactions and ownership history of each NFT, providing transparency and traceability.

Rarible operates as a decentralized peer-to-peer marketplace, allowing users to buy and sell NFTs directly without intermediaries. Users can browse through various categories, explore different collections, and place bids on desired NFTs using the native RARI token or other supported cryptocurrencies.

The marketplace also provides features like auctions, royalties, and trading features, which empower creators to monetize their digital assets fully. Moreover, Rarible allows users to create and participate in decentralized autonomous organizations (DAOs), contributing to the governance and decision-making processes of the platform.

Overall, Rarible utilizes blockchain technology to revolutionize the way digital assets are created, owned, and exchanged, providing a decentralized and transparent marketplace for the NFT ecosystem.

What are the benefits of Rarible?

Rarible is a leading decentralized platform built on the Ethereum blockchain that allows users to create, buy, and sell digital collectibles, also known as non-fungible tokens (NFTs). Compared to its direct competitors, Rarible offers several notable benefits.

Firstly, Rarible provides a user-friendly and intuitive interface that makes it simple for both creators and collectors to navigate the platform. This ease of use sets it apart from other NFT marketplaces, such as OpenSea and SuperRare, which may have steeper learning curves for newcomers.

Secondly, Rarible emphasizes community governance, decentralization, and ownership. The platform employs a decentralized autonomous organization (DAO) model, allowing token holders to participate in platform governance and decision-making. This democratic approach grants users a sense of ownership and control over the platform's evolution.

Furthermore, Rarible offers flexible and customizable royalty structures for creators. Artists can earn royalties from secondary sales of their NFTs, ensuring ongoing compensation for their work. This contrasts with some other platforms, like Foundation, which may not provide robust royalty options or transparency.

Additionally, Rarible supports interactive and dynamic NFTs, enabling creators to incorporate additional features, such as unlockable content, utilities, and gamification elements. This versatility expands the creative possibilities for artists and enhances the overall user experience.

In conclusion, Rarible's benefits include user-friendly interface, community governance, customizable royalties, and support for interactive NFTs. While it competes with platforms like OpenSea and SuperRare, Rarible differentiates itself through its emphasis on simplicity, ownership, flexibility, and creativity.

What is Rarible used for?

Rarible is a decentralized marketplace built on the Ethereum blockchain that allows users to create, buy, and sell digital assets such as art, collectibles, and non-fungible tokens (NFTs). It provides a platform for artists, creators, and collectors to showcase their unique digital creations and monetize their work.

One common use case for Rarible is the buying and selling of digital art. Artists can create and mint their artwork as NFTs, which are unique tokens that can be bought and sold on the Rarible marketplace. This provides a new way for artists to directly connect with collectors and earn income from their creations. Collectors, on the other hand, can browse through a wide range of digital artworks and acquire pieces that they find valuable.

Another interesting use case is the creation and trading of virtual collectibles. People can create and tokenize various types of collectibles such as virtual trading cards, virtual pets, or even virtual real estate. These NFT-based collectibles can have scarcity, provable ownership, and can be traded on the Rarible marketplace. This brings the excitement of collecting and trading into the digital realm, opening up new possibilities for collectors and enthusiasts.

In conclusion, Rarible serves as a decentralized marketplace for digital art, collectibles, and NFTs. It allows artists to monetize their work and collectors to discover and acquire unique digital creations. This platform harnesses the power of blockchain technology to provide transparency, security, and traceability to the buying and selling of digital assets.

What is DIA's Rarible API?

DIA's Rarible API is an essential tool for accessing real-time price feeds of cryptocurrencies and NFTs. These API endpoints provide developers with accurate and up-to-date information on various assets, sourced from over 85 on-chain and off-chain exchanges. By collecting data from billions of individual trades, DIA ensures that its price feeds offer unparalleled coverage and reliability in the web3 data provider market.

While DIA offers free API endpoints for testing purposes, the company's true value lies in its ability to create fully customizable, custom feeds. These custom configurations can be adapted to suit specific requirements, including choosing data sources, methodologies, update mechanisms, and more. If a user needs a tailored feed, DIA can build a dedicated API price feed to cater to their needs. To request a custom feed, the user can conveniently reach out to DIA via Discord or Telegram.

The possibilities for utilizing DIA's API are extensive within the blockchain ecosystem. In the world of decentralized finance (DeFi), the price information provided by DIA's APIs can be applied to various use cases, such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in the NFTfi space, DIA's API opens doors for innovative applications like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In summary, DIA's Rarible API offers both free and custom API endpoints to access real-time price feeds for cryptocurrencies and NFTs. However, the tailored custom feeds provide greater flexibility and utility, allowing users to fine-tune their data requirements according to their specific needs. With its extensive data coverage and customizable features, DIA empowers developers to build innovative blockchain applications across various sectors.

What is DIA's Rarible price oracle?

DIA's Rarible price oracle is a powerful tool that provides real-time price feeds for crypto assets. With integration across 35+ layer 1 and layer 2 networks, DIA can deploy price oracles in multiple blockchains. These oracles are constructed by sourcing raw data from over 85 on-chain and off-chain crypto and NFT exchanges, ensuring accuracy and reliability.

While DIA offers (free) demo oracles for developers to test in their documentation, these are not meant for production applications. However, they do offer custom configuration options for dedicated price feed oracles. Users can request tailored feeds through Discord or Telegram, allowing for customization in terms of data sources, methodologies, update mechanisms, and more.

DIA's price oracles have a wide array of use cases within the blockchain ecosystem. In the DeFi space, they can be utilized for derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. For the NFTfi sector, DIA's oracles enable activities such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

In the context of blockchain technology, an oracle is an external information provider that supplies verified data to smart contracts. This ensures that the contracts have access to real-world information for their execution.

DIA's custom oracles, with their ability to be tailored to specific needs, offer enhanced utility and flexibility for users. By providing the means to request custom feeds, DIA empowers users to gather data exactly as required for their applications, enabling them to make informed decisions in the blockchain space.

Why use DIA's RARI API & price oracle?

DIA's RARI API and RARI Price Oracle offer a range of benefits for users in the blockchain ecosystem. By utilizing DIA's technology, users can access accurate and reliable price data for cryptocurrencies and NFTs. The main advantage of using DIA's API or Price Oracle for the mentioned token is the high level of customization available.

With DIA's offerings, each oracle and API endpoint can be tailored to suit the specific needs of decentralized applications. This includes configuring settings such as the data sources that make up the feed, the data cleaning filters, pricing methodologies, and update mechanisms. This customization ensures that the data and oracle remain robust and resilient to market conditions, providing global market as well as specific individual or cross-chain market prices.

Furthermore, using DIA's API and Oracle feeds also brings transparency. DIA provides full and granular transparency throughout the entire data journey, giving users confidence in the accuracy and reliability of the information. Additionally, DIA offers various tracking and monitoring tools that allow users to closely track the oracle and API feeds.

In summary, DIA's RARI API and RARI Price Oracle offer customization, transparency, and robustness to cater to the unique needs of users in the blockchain ecosystem. These benefits ensure that users have access to accurate and reliable price data, ultimately enhancing their experience and decision-making process.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.