The $RARI token plays a key role in the platform’s governance and reward system. What makes Rarible’s tokenomics stand out is its emphasis on community governance and creator incentives. Rarible was one of the first NFT platforms to introduce community-driven governance, allowing $RARI token holders to vote on decisions related to platform upgrades, new features, and protocol changes. This creates a sense of ownership and direct participation for users, especially artists and creators who are at the heart of the NFT ecosystem. In addition to governance, $RARI is distributed to active users as rewards for participating in the platform.