The Rainicorn platform hosts different projects that serve different purposes. One of the projects is Lord of Light. This trading card game puts the skills of one user against another in a battle of strategic superiority. The platform allows the opportunity to play and earn through PHOTON tokens to increase the user's power and be traded for real-world income. Another project which is Raini Launchpad, is a home for crypto IDOs, whether small or big. IDO refers to Initial DEX Offering, where new cryptocurrencies raise funds through a decentralized trading platform. The platform offers the projects to expand the reach by simultaneously launching multiple chains. Also, with the Raini seed fund, the platform aims to establish an incubation seed fund where projects can apply for funding under Raini DAO.

RAINI is the platform's official cryptocurrency that unlocks multiple corresponding value streams. Users can gain access to many products and features of the platform by using the foundational RAINI token. The RAINI token aims to provide utility to the users through exclusive NFT drops from well-known artists, NFT yield farming and staking, and NFT-upgrade protocol. NFT drop refers to the launch of a new non-fungible token project. Users can take advantage of staking RAINI tokens and acquiring Rainbows in return, while staking RAINI LP tokens can earn the user Unicorns. The points acquired by staking RAINI can help users redeem NFTs on the platform. In contrast, Unicorn offers some exclusive access to some NFTs and is worth more than others.

Mindspheres and Artkin officially founded the platform. As per the roadmap, the platform started with the token launch and contract audit in March 2021. In April 2021, the platform started with staking and artist announcements. The Rainicorn platform was officially launched in July 2021.