SuperRare (RARE)
SuperRare is a pioneering platform in the digital art space, offering a unique marketplace for the creation, collection, and trading of digital art. As an influential player in the non-fungible token (NFT) ecosystem, SuperRare provides artists and collectors with a decentralized platform to engage with digital art in a meaningful and secure manner.
SuperRare overview
| Ticker | RARE |
| Website | https://superrare.com/ |
| @SuperRare | |
| Telegram | SuperRare |
| https://www.reddit.com/r/SuperRare/ | |
| Contract Addresses | |
|---|---|
| ethereum | 0xba5bde662c17e2adff1075610382b9b691296350 |
The SuperRare platform
SuperRare was founded in 2018 with the mission to empower artists and art enthusiasts by leveraging blockchain technology to create a new paradigm for art ownership and distribution. The platform operates on the Ethereum blockchain, utilizing smart contracts to ensure the authenticity, provenance, and ownership of digital artworks.
Features and functionality
SuperRare offers a range of features designed to enhance the experience of both artists and collectors. These include:
- Curated marketplace: SuperRare is a curated platform, meaning that artists must apply and be accepted to list their work. This ensures a high standard of quality and creativity in the art available on the platform.
- Ownership and provenance: Each piece of art on SuperRare is tokenized as a unique NFT, providing verifiable proof of ownership and provenance through the Ethereum blockchain.
- Royalties for artists: SuperRare allows artists to earn royalties on secondary sales of their work, ensuring that they continue to benefit from the increasing value of their art.
- Community engagement: The platform fosters a community of artists, collectors, and art enthusiasts through social features that allow users to follow, comment, and engage with each other's work.
The role of $RARE token
SuperRare introduced its native cryptocurrency, the $RARE token, to enhance governance and participation within its ecosystem. The token serves multiple purposes and is integral to the platform's decentralized governance model.
Governance and voting
The $RARE token is primarily used for governance, enabling token holders to participate in decision-making processes related to the platform's development and operations. This decentralized model allows the community to have a say in important aspects, such as platform upgrades, fee structures, and artist onboarding.
Impact on the digital art world
SuperRare has made a significant impact on the digital art landscape by providing a platform that combines the benefits of blockchain technology with the creativity of artists worldwide. The platform has not only democratized access to art but also introduced new economic opportunities for artists by enabling them to reach a global audience.
Empowering artists
By eliminating intermediaries and providing tools for artists to monetize their work directly, SuperRare has empowered artists to take control of their careers and financial futures. The royalties on secondary sales ensure that artists continue to benefit from their work over time.
Expanding the collector base
SuperRare has attracted a diverse group of collectors, ranging from traditional art enthusiasts to crypto investors, contributing to the platform's vibrant community. The use of NFTs has introduced a new generation to art collecting, fostering a deeper appreciation for digital art forms.