SuperRare

SuperRare

RARE
$0.133105634%-2.44

Key Metrics

Price$0.133105634
Real Volume (24H)$4,387,833.17
Marketcap$92,387,213.01
Fully Diluted Valuation$100,000,000
ATH$3.64
ATH Date10/11/2021, 9:31:17 AM
ATL$0.088834
ATL Date12/23/2022, 7:41:34 PM
Circulating Supply145M
Total Supply1B
Popularity Rank509
Chart
What is SuperRare?

SuperRare (RARE) is a revolutionary marketplace for digital art enthusiasts, artists, and collectors alike. The platform is built on the Ethereum network and utilizes the ERC-721 token standard to tokenize and trade one-of-a-kind digital artworks known as NFTs (non-fungible tokens). This allows for a transparent record of ownership and a social environment that facilitates the assessment of value and context around items in the marketplace.

The SuperRare platform is governed by a DAO (decentralized autonomous organization) known as the SuperRare DAO, which oversees key platform parameters, allocates funds from the Community Treasury, and votes on proposed improvements to the network and protocol. The RARE token, which governs the SuperRare DAO, enables the platform to be community-owned and allows for diverse curatorial voices.

One of the major issues in the digital art space is the lack of support for artists and a single team doing the curation and gatekeeping. SuperRare addresses this problem by introducing SuperRare Spaces, which independently run storefronts on the network to curate art and artists, run auctions, promote sales, and collect commissions. This allows artists to promote, mint, and sell their works directly to collectors, creating a more inclusive and equitable ecosystem for digital art.

The SuperRare platform has evolved from its 1.0 version, where the core team handpicked the artists and approved them to mint their works on a shared smart contract as SuperRare NFTs. With the introduction of SuperRare 2.0, the platform moved towards web-scale curation, giving artists more autonomy and control over their works. Additionally, SuperRare 2.0 came up as a DAO (decentralized autonomous organization) that governs and allocates funds from the community treasury and votes on key platform parameters and proposed network improvements.

SuperRare was launched in early 2018 by a team led by John Crain, the CEO and co-founder of SuperRare Labs. The platform is governed by a seven-person governance council, which includes Nick Tomaino, the founding partner of 1Confirmation, Derek Schloss, a partner in CollabCurrency, Cooper Turley, a partner in FireEyes.xyz, Serena Tabacchi, the founder and curator of MoCDA, Simona Pop, the community strategist at Status, and Pindar Van Arman, the OG artist of SuperRare. The maximum total supply of the token is 1,000,000,000 RARE.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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