Impossible has acquired the brand and core platform assets of NFT marketplace Rarible.

CoinFeed reported on May 29th that NFT marketplace Rarible announced on its X platform that Impossible has acquired the Rarible brand and core platform assets. This acquisition marks Impossible's first foray into mergers and acquisitions and brand expansion. The RARI Foundation ecosystem and RARI tokens remain independently managed by the relevant foundation entities. The team stated that they will continue to support artists, collectors, and the community, and will share more plans in the future.