On May 29, NFT marketplace Rarible announced on X that Impossible has completed the acquisition of Rarible’s brand and core platform assets. Impossible confirmed that this deal is its first foray into M&A and brand expansion. The scope of the acquisition covers only the Rarible brand and core platform assets, including the RaribleX infrastructure.
Acquisition confirmation scope: Rarible brand assets and the independence of the RARI Foundation
Rarible’s X announcement explicitly confirms that the assets included in this acquisition are the Rarible brand and key platform assets, as well as the RaribleX infrastructure. RaribleX provides infrastructure and technology for other companies and brands, enabling partners to build and expand their own on-chain storefronts.
The announcement also confirms that the broader RARI Foundation ecosystem (including the RARI token) is still independently managed and governed by the relevant RARI Foundation entities and is not affected by this transaction. The new team confirmed that transition work has been completed over the past few weeks, including getting familiar with the Rarible platform, reviewing current operations, and understanding community needs.
Impossible confirms the company background and Calvin Chu’s statement
Impossible confirmed that the company provides research, advisory, and capital infrastructure for emerging crypto networks, with areas of support including market intelligence, token strategy, financing advisory, tokenomics, and on-chain transaction execution. Calvin Chu (IMPOSSIBLE) confirmed: “This transaction marks IMPOSSIBLE’s first entry into M&A and brand expansion. We will leverage six years of operational experience, in an AI-powered way, to lead brands, products, and the team toward new goals.”
Rarible’s announcement also confirmed that after the acquisition, the focus of work will be to maintain business continuity and stability, and to continue supporting artists, collectors, and the community.
FAQ
Will RARI token holders be affected by this acquisition?
According to Rarible’s confirmation announcement, the RARI token and the RARI Foundation ecosystem are not included in the scope of this acquisition, and will continue to be independently managed and governed by the relevant RARI Foundation entities. Rarible’s announcement explicitly confirms that the governance structure of RARI token holders is not affected by this transaction.
What assets are included in the confirmed scope of this acquisition?
According to the acquisition announcement, the scope includes the Rarible brand and key platform assets, as well as the RaribleX infrastructure (the technology that helps companies and brands build on-chain storefronts). The RARI Foundation ecosystem, the RARI token, and related governance structures are not included in the scope of the acquisition.
What company is Impossible, and what previously confirmed business track records does it have?
According to Impossible’s confirmation, the company provides research, advisory, and capital infrastructure for emerging crypto networks. It has supported more than 35 projects, helped raise over $440 million, and has a global community with over 100,000 KYC users. This acquisition of Rarible is Impossible’s confirmed first M&A and brand expansion action.
