The NFT market Rarible, in association with the RARI Foundation, has launched the RARI Chain testnet, an EVM-equivalent chain built on Arbitrum.

ChainCatcher news, the non-profit organization RARI Foundation, which supports the development of the NFT marketplace Rarible, announced the launch of the RARI Chain testnet built on Arbitrum, an EVM-equivalent chain. RARI Chain is governed in a decentralized manner by the RARI holder community and the RARI DAO.

In addition, the RARI Foundation has partnered with collaborators such as Caldera, Gelato, LayerZero, Magic, Rarible, Thirdweb, and WalletConnect. RARI Chain features built-in royalties, allowing for the setting of royalty percentages either per NFT or by series.