What happened?
GOAT Network has teamed up with NFT company Rarible to create GOATible, a new on-chain NFT marketplace. This marketplace uses RaribleX technology for minting and trading NFTs, providing a hub for GOAT’s One Piece Project. The partnership aims to encourage NFT engagement and adoption by featuring exclusive GOAT-themed art.
Who does this affect?
This development directly impacts artists, investors, and NFT enthusiasts who are part of or interested in the GOAT and Rarible ecosystems. Artists can benefit from incentives to create original works, while investors have new opportunities for trading and drops. Additionally, users of the GOAT Network can engage with the One Piece Project to earn rewards and participate in various decentralized apps.
Why does this matter?
The introduction of GOATible could influence the NFT market by increasing on-chain activity and boosting the network’s utility. As NFT trading volumes have seen a downturn recently, initiatives like this could revitalize interest and participation in the sector. This also exemplifies how blockchain innovations can enhance the utilization and security of cryptocurrencies such as Bitcoin and Dogecoin through NFT and DeFi applications.