Decentraland <> Rarible Protocol Integration

by 0x70b71b98c8b95643462c68e0a396d0a6d15337bf

Should the following Tier 3: up to a 3 month vesting contract of $3000 - $5000 USD in MANA, with a one month cliff grant in the Platform Contributor category be approved?

Abstract

This scope includes:

• Integrate Decentraland with the Rarible Protocol such that it is possible to buy NFTs directly within the Decentraland interface

• Create a fee on the Decentraland front-end such that fees are directed to Decentraland DAO (optional)

• Allow parcel owners to display NFTs and to receive a certain % of fees from the sale via fee splits (which can be set)

Grant size

5,000 USD

Beneficiary address

0x2fa66abee1b3b6afe5c14566ed4fdbadaf982b56

Description

Rarible recently launched the Rarible Protocol, which includes a decentralized and open source NFT exchange as well as minting contracts, an indexer, and various other bells and whistles for those building in the NFT space.

A great use case for the protocol is to integrate with marketplaces and metaverses like Decentraland. Below outlines how this could work.

The benefit to Decentraland is that you would be able to sell items directly from Decentraland, without directing users to other external applications. Right now, when you click on an NFT, you get something like this:

Link to Example: https://gov.rarible.com/uploads/default/original/2X/2/2ff79e50f8b24000e668c1249be70400905a06fd.jpeg

These NFTs can be purchased on Opensea currently, and it is even possible for parcel owners to monetize on OpenSea referral fees (1%).

Using the Rarible Protocol, we can do much better. Rarible Protocol is the only open source and community owned NFT exchange protocol.

Other Useful Links:

Rarible Snapshot: https://snapshot.org/#/rarible.eth/proposal/QmT5HNVtGhSVvHUaiTVgCeJdmrbByp26skwcjwwexpB5gd

Rarible Forum: https://gov.rarible.com/t/decentraland-rarible-protocol-integration/16599

Decentraland Forum: https://forum.decentraland.org/t/decentraland-rarible-protocol-integration/1653

Specification

What would this look like after integration with the Rarible Protocol?

1. Items could be purchased directly from within the interface
2. A fee could be set within the interface (2.5% for example, which is what Rarible.com has)
3. That fee could be directed to Decentraland DAO (it is possible to set this fee upon creation of this integration, OR, we could just set it to zero. Maybe we could have a separate vote to determine what fee to include for Decentraland DAO)
4. Fees and Royalties from external platforms (like SuperRare) could be carried over using the protocol
5. NFTs from different blockchains could also be displayed (for example, we are integrating with Flow, Polygon, Moonbeam)
6. What is even more cool is that the Rarible Protocol has fee splitting. So for example, a parcel owner could display NFTs that he does not even own, and receive a % of fees from that process!

Personnel

In terms of implementation, HPrivakos has expressed interest in helping with this. A portion of the fund will be used for design work or possible support from other devs, which will be handled by HPrivakos.

Roadmap and milestones

This is a co-funded grant application between Rarible DAO and Decentraland DAO. This proposal is asking for:

A grant to develop this functionality. Rarible DAO and Decentraland DAO can fund this together, with a 5K contribution from Decentraland DAO (vested over 3 months with a 1 month cliff as per Decentraland Community Grants). Rarible DAO is asked to contribute 7K, with 1/2 paid upfront and 1/2 upon completion.

Vote on this proposal on the Decentraland DAO