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IMPOSSIBLE Acquires Rarible Brand and Core Platform Assets

On June 1, according to official news from 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 an important role over the years in the fields of NFTs, digital ownership, and creator economy, serving artists, collectors, developers, and community users. IMPOSSIBLE will take over the relevant brand and core assets, committing to continue the existing development direction of the Rarible ecosystem rather than completely reshaping the platform. The acquisition also includes Rarible's RaribleX infrastructure business, which provides on-chain store building and operational technical support for enterprises and brands. In the future, IMPOSSIBLE will focus on maintaining stable platform operations, 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 official statement indicated that the current focus is on ensuring business continuity and community confidence, with new development plans to be gradually announced in the future.

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