Rare Bits — A zero fee marketplace for crypto assets



From the creator:

We wanted to share some exciting news with the PH community. Today, we are happy to present to you Rare Bits (https://rarebits.io/) - a marketplace for the rapidly growing world of crypto assets. We built Rare Bits to keep pace with all the innovative applications launching non-fungible tokens and to ultimately help users: - Discover new crypto assets launching every day and to provide insights on market-level trends (like Product Hunt!). - Manage your own crypto assets in one place with a visualized wallet experience (think Pinterest). - Buy and sell crypto assets with auctions (think eBay). One thing that sets us apart is we are completely fee-free. On other sites, as a seller you can pay upwards of 3.8% of proceeds in auction fees. We believe there are other ways to capture value and that, ultimately, most decentralized marketplaces and exchanges will trend towards zero fees. We’re a venture-backed team of serial entrepreneurs based out of San Francisco. We’ve had previous successful exits to Google, Zynga and FanDuel. Most importantly, we are super excited about introducing the concept of true ownership of digital goods to the mainstream masses. We would love to hear your feedback and for you to spread the word! ”


Researched a bit into their zero fees. Was curious on how they could provide so much for nothing in return.

Turns out it’s for a promotional time period. Probably goimg to stay that way until they can get enough market share to where they can safely pivot and charge some fees to their users.