The Composables collection, supported by RARI Chain and integrated on the Espresso mainnet, unveiled a new era of decentralised governance.
The NFT collection marked a record sell-out, raising over $10 million in RARI Chain’s TVL. Moreover, it managed to generate over 500 ETH in secondary sales.
RARI Chain became the very first Arbitrum Orbit chain to go live on the Espresso mainnet back in January. With Espresso’s impeccable infrastructure for rollups, RARI Chain utilised the mainnet’s composability and security benefits.
The integration blossomed into a partnership with the launch of “The Composables,” the official PFP collection by Espresso on RARI Chain. The 5,000 PFP NFT collection sold out in an instant, taking the RARI Chain’s total value locked to a $10 million mark.
Jana Bertram, the Head of Strategy at RARI Foundation, revealed they see The Composables as the beginning of a new era. “It’s more than a collection—it’s a cultural and technical milestone for what Web3 creators can build together. RARI Chain is quickly becoming the go-to home for next-generation NFTs, and we’re just getting started, ” he added.
Jill Gunter, the Co-founder of Espresso Systems, acknowledged this response to the mint and said that it reveals that users are now ready for truly composable cross-chain experiences.
“RARI Chain has been an exceptional partner in making this vision real. By integrating with Espresso, RARI is pioneering the infrastructure that will enable Rarible to explore cross-chain NFT marketplaces and bridgeless interactions. This is just the beginning of what's possible when specialised chains plug into L2-native infrastructure that allows them to work together seamlessly," the original developer of the Espresso Network added.
$RARI holders can now earn rewards by taking part in governance, all thanks to the latest upgrade by the RARI Foundation. For the very first time, users can stake tokens, devolve DAO rights, and earn rewards.
DAO has now taken control of the RARI Chain along with complete governance over the Rarible protocol. All the contracts are now under community ownership, and sequencer revenue is equally shared between the DAO and the Foundation, ensuring balanced governance and sustainability.
Moreover, a Security Council, empowered to take emergency actions and bring system improvements, will be handling RARI Chain’s technical upgrades.
“This isn’t just a product update, it’s a reawakening of RARI DAO,” said Bertram. “$RARI token holders no longer need to decide between governance and DeFi - they earn for their governance participation. We’re excited for $RARI token holders to benefit from accruing value.”
The celebration begins here. From June 18 to July 2, RARI Foundation is rolling out a month-long quest system. Take on onchain quests, climb the ranks on the leaderboard, and earn your slice of the $10K prize pool—plus a chance to score a coveted Espresso Composables NFT.
Wait for it! Planning to stake even longer? Keep staking through July 2, and gain access to a limited-edition NFT drop from acclaimed artist Amber Vittoria, coming July 10.