IMPOSSIBLE has acquired the Rarible brand and core platform assets

BlockBeats News, June 1st, according to the NFT trading platform Rarible, Web3 infrastructure and investment firm IMPOSSIBLE has completed the acquisition of the Rarible brand and key platform assets.

Rarible stated that the platform has played a significant role in the NFT, digital ownership, and creator economy sectors over the years, serving artists, collectors, developers, and community users. IMPOSSIBLE will take over the related brand and core assets, pledging to continue the development direction of Rarible's existing ecosystem rather than completely reshape the platform.

The acquisition also includes Rarible's RaribleX infrastructure business, which provides technology support for building and operating online stores on the blockchain for enterprises and brands.

In the future, IMPOSSIBLE will focus on maintaining platform operational stability, continuing to serve artists, creators, collectors, and community users in the NFT space, while advancing product optimization and ecosystem expansion based on the existing foundation. The officials stated that the current focus is to ensure business continuity and community confidence, with new development plans to be gradually announced in the future.