TechFlow news, the Rari Foundation has launched the Rari Chain mainnet on Arbitrum, an EVM-equivalent chain built on Arbitrum that preserves royalties by embedding them at the node level.
Rari Chain, operating as a Layer 3, enhances Layer 2 scalability and aims to foster the NFT ecosystem.
The Rari Chain testnet launched on November 30, 2023, with participation from 46,000 addresses and approximately 251,000 total transactions. The Rari Foundation's native token $RARI has a total supply of 25 million, priced at $1.28, with reserves valued at nearly $8 million. The Rari Foundation represents RARI DAO, which oversees the Rari ecosystem through the $RARI token and its holders.
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