SuperRare is a blockchain-powered social network for art creators and collectors. In this article, as Kriptokoin.com, “What is SuperRare?” We will answer the question. In addition, we will touch on other questions about the project.
What is SuperRare? What does it do?
SuperRare is a network for artists and collectors to facilitate the creation, distribution and curation of digital artworks. SuperRare network consists of SuperRare protocol, DAO, RARE token and other platform features such as SuperRare domains. The protocol enables artists to tokenize their art through smart contracts sold on the SuperRare marketplace. The marketplace supports auctions and secondary markets that allow anyone to buy or sell SuperRare artwork. SuperRare spaces are digital art galleries used by curators or artists to publish, promote and sell artwork or hold auctions. The DAO oversees the treasury and platform features. It is managed by RARE token holders run by the SuperRare Governance Council.
The project appeared on the market in 2018. It is the first crypto art market. SuperRare had a large percentage of the total NFT art market by late 2020 with the launch and growth of Nifty Gateway, Opensea and Artblocks. It targets a specific segment of the market with the goal of specializing in high-end art. SuperRare does not appeal to the masses like other platforms. Instead, it focuses on building a network targeting high net worth collectors and high quality content creators.
What is a RARE coin?
RARE coin is the native token of SuperRare. The cryptocurrency is a curated token that facilitates the governance process of the SuperRare ecosystem. The RARE coin was announced on August 17, 2021 as part of the art curated evolution of the SuperRare NFT marketplace. Cryptocurrency provides a means of ownership for the community. This makes the SuperRare platform a community driven platform with diverse curated voices among its leaders.
Additionally, the total supply of SuperRare tokens is 1 billion. The tokens are also economically distributed with 150 million RARE allocated as retroactive airdrop for the main artists and collectors community. In addition, artists and collectors are recognized as core members for their contribution to bringing the platform to its current state.
How does SuperRare work?
The protocol consists of the following main components working together:
SuperRare Spaces: Spaces allows curators, collectors, and community members to highlight work. They are also community-approved galleries for publishing via SuperRare. Each area is controlled by a designated operator elected by a community vote of RARE holders. Selected operators will select and participate in their artists, marketing them as they see fit. He will earn commissions on all sales through his domains.
SuperRare DAO: SuperRare redirects all platform commissions and fees to SuperRare DAO. A 7-person governance council controls the community treasury through a 4 out of 7 multi-signature wallet.
Sovereign minting contracts: Independent artists on SuperRare can issue their own artist or project-branded tokens. It also allows artists to create bespoke NFT mintage contracts.
What is SuperRare? How to get RARE coins?
SuperRare is currently traded on numerous cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where SuperRare is traded are listed as follows: Binance, MEXC, BingX, Gate.io. Users who want to invest in the project should open an account on one of these exchanges.
