Rarible’s RARI Foundation taps Arbitrum for royalty-embedded EVM chain

The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an EVM-equivalent blockchain called “RARI Chain,” with royalties embedded into its nodes. 

In an announcement sent to Cointelegraph, the RARI foundation said the RARI Chain will be a nonfungible token (NFT) infrastructure solution built on Arbitrum. With royalties embedded on the node level, the RARI foundation said that creators will have the tools they need to be successful in their endeavors.

The move follows a recent uptick in Rarible’s trading volume after demonstrating its NFT marketplace’s commitment to royalties. On Aug. 23, the 24-hour trading volume on Rarible jumped…

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