We are supportive of the proposal to integrate the Rarible Protocol with Arbitrum One. This partnership could be a milestone in Arbitrum’s journey for several compelling reasons:
Keeping Up with Competitive Dynamics & Nurturing the Developer Ecosystem
The landscape for layer-2 solutions is increasingly competitive. Arbitrum must not only maintain its lead but also innovate to attract developer talent. This proposal does precisely that by enriching our NFT development infrastructure, thereby enhancing the overall developer experience.
The integration with Rarible offers a suite of tools that could significantly reduce barriers to entry for aspiring NFT developers on Arbitrum. The availability of a robust SDK, indexer, and order book will provide a comprehensive solution for those looking to create and trade NFTs.
Accelerating NFT Growth
Arbitrum currently lags in NFT activity, which is another big segment of the crypto market. The partnership with Rarible will draw more builders to our ecosystem. Rarible’s existing one million monthly active users and large social media following could provide the needed catalyst for this growth, attracting not only new NFT creators but also a larger user base for Arbitrum.
Reasonable Fund Amount Request
The proposal requests $100,000 from the Arbitrum DAO treasury, a small percentage compared to the treasury budget. Importantly, the proposal comes with a clear timeline and well-defined deliverables, adding a layer of accountability. This investment seems minor when weighed against the potential benefits of increased developer activity and user growth that could lead to new revenue streams from on-chain transactions.
In summary, we strongly believe that this proposal aligns well with Arbitrum’s strategic objectives and will deliver both immediate and long-term value to our community.