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SuperRare

RARE

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About SuperRare

RARE is an Ethereum token that governs 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 allows the SuperRare platform to be community-owned with diverse curatorial voices.

SuperRare (RARE) is a platform for non-fungible tokens (NFTs), with a focus on digital art. It has facilitated the collection of a substantial amount of digital art and compensated artists with royalties. SuperRare 2.0, a newer version of the platform, includes features such as web-scale curation, independently running storefronts, and sovereign minting contracts. This enables artists to mint, promote, and sell their works directly to collectors. SuperRare 2.0 operates as a decentralized autonomous organization (DAO), which means the community owns and governs the network. The platform's key parameters, community treasury funds, and proposed improvements are all managed through community voting.

SuperRare operates by addressing three key challenges in the digital art ecosystem: curation and gatekeeping by a single team, limited support for artists, and fragmentation of the NFT art ecosystem. To solve these issues, SuperRare introduced Spaces, independently-run storefronts that curate art and artists, promote sales, run auctions, and collect commissions. Each Space can launch its own branded ERC-721 token and invite artists to mint NFTs with them. Additionally, self-sovereign minting contracts allow artists to deploy a custom NFT minting contract, enabling them to tokenize and sell their art as uniquely independent artists.

SuperRare seeks to offer artists a platform for direct interaction with collectors. It also offers a solution for art curators and collectors, who can run their own Spaces, curate art and artists, promote sales, and collect commissions. Each Space can launch its own branded ERC-721 token, allowing it to operate as a sovereign crypto art gallery. Furthermore, SuperRare's self-sovereign minting contracts provide artists with the opportunity to tokenize and sell their art as uniquely independent artists, offering an alternative to minting on a shared contract with other artists.

SuperRare initially functioned as a platform where the core team selected artists to mint their works on a shared smart contract as SuperRare NFTs. However, with the launch of SuperRare 2.0, the platform has begun to decentralize, shifting ownership and governance of the network to the community. SuperRare 2.0 launched on a specific date. The platform is governed by a seven-person governance council that controls the Community Treasury via a 4-of-7 multi-sig wallet. The total supply of RARE, the platform's native token, is 1 billion, with distribution to the core community, the Community Treasury, core contributors at SuperRare Labs, investors, and strategic partners.

The curation process for artists on SuperRare is a combination of traditional application and community-driven selection. Artists who are interested in showcasing their work must first submit a portfolio for review. This submission puts their work under consideration by the Artist Curation team, which reviews submissions on a rolling basis. However, the curation process does not follow a typical application process with cycles of acceptance and rejection. The team does not provide updates on the status of portfolios, and due to the high volume of submissions, they cannot respond to everyone who submits. If an artist's status changes to "invited", they will receive a notification by email. SuperRare is transitioning towards a decentralized curation process with the introduction of Spaces. These are independent galleries that have been voted for by the community using Rare tokens. Each Space has its own curatorial style and approach, providing resources and tools to help artists develop and gain recognition. This allows for a variety of art to be featured within the digital art community.

SuperRare is a platform that emphasizes the uniqueness of digital artworks, aiming to ensure that each piece is one-of-a-kind. The platform also strives to maintain a high standard of quality for NFTs by implementing a rigorous screening process. SuperRare provides non-monetary incentives to its artists for every secondary NFT sale as part of each NFT’s smart contract. Artists also receive non-financial incentives from their primary NFT sale. In addition, SuperRare has introduced its native digital asset, RARE, which aims to enable artists to contribute to the platform's governance, including the admission of new artists to mini-marketplaces known as SuperRare Spaces. This approach seeks to offer a unique aspect to an artist's work and gives artists a certain recognition within the digital art community.

In contrast to other platforms in the NFT space, SuperRare is highly selective about who has the opportunity to mint NFTs on its site, striving to ensure each NFT is truly unique. This selectivity has resulted in SuperRare being recognized as a recognized NFT art market on the Ethereum blockchain. SuperRare is a curated NFT art market that emphasizes the exclusivity of its digital artworks. Artists who aim to mint NFTs on SuperRare must apply and gain approval from SuperRare Labs. The platform also requires artists to submit only one-of-one art NFTs to strive to ensure their pieces are, indeed, “super rare.” This focus on fine art NFTs may contribute to increased activity per token. SuperRare has introduced its native cryptocurrency, RARE, with the intention of enhancing platform decentralization. RARE token holders have the opportunity to participate in voting on SuperRare's direction and in the admission of new artists to mini-marketplaces known as SuperRare Spaces.

The types of digital art found on SuperRare are diverse, ranging from digital illustrations and animations to graphic designs and 3D models. However, the platform is particularly known for its focus on fine art NFTs. This includes works from various artists. The platform hosts exclusive NFTs from well-known brands. The digital art on SuperRare often explores futuristic, retro, and sci-fi themes, and the frequently viewed and often traded works are typically associated with 3D art.

To join SuperRare as an artist, an invitation is required. Artists can make themselves known to SuperRare by completing a form available on their website. It's crucial to meticulously provide all the requested information in the form and ensure all links and folders are accessible. SuperRare's Artist Curation team reviews submissions on a rolling basis. However, due to the high volume of submissions, not everyone who submits will receive a response. If your status changes to "invited", you will be notified via email. Artists have the option to engage with SuperRare Spaces, galleries within the SuperRare network, as an alternative avenue to be included in the SuperRare network.

Artists featured include Alienqueen, known for her psychedelic and dream-inspired art, Anne Spalter, who creates psychedelic sci-fi voyages, and Botto, a decentralized autonomous artist conceptualized by German artist Mario Klingemann. Other artists featured are Carlos Marcial, a Mexican-Puerto Rican crypto artist, and Coldie, a mixed media artist whose stereoscopic 3D art has been showcased in national juried art exhibitions. The platform also showcases artworks from Helena Sarin, who employs generative adversarial networks in her art, and Killer Acid, who blends cartoon psychedelia with tongue-in-cheek humor. These artists and their works represent a fraction of the diverse and vibrant digital art community on SuperRare.

Yes, users can exchange digital art tokens (RARE) on secondary markets. Non-fungible tokens (NFTs), such as RARE, are unique digital assets stored on a blockchain. Once an NFT is minted, it can be acquired, transferred, or exchanged on secondary markets. These markets include various platforms. Users can create an account, set up a digital wallet, and start exchanging. It's important to note that each NFT is unique, even if two NFTs appear identical, they have unique identifiers that differentiate them. This uniqueness is a characteristic of NFTs that allows them to be exchanged on secondary markets. However, users should always verify the authenticity of the exchange party and the uniqueness of the NFT before transferring.

SuperRare has participated in numerous collaborations and partnerships, especially with artists and creators in the digital art space. For example, SuperRare has facilitated collaborations between artists to create distinct digital artworks. One such collaboration involved artists Lawrence Lee and Bård Ionson, who merged traditional painting techniques with contemporary artificial intelligence technology to produce a series of individual digital artworks. Another collaboration involved artists Ryan Koopmans and Alice Wexell, who collaborated with Botto, an autonomous and decentralized artist, to create an individual digital artwork. SuperRare has also engaged in discussions about establishing a smart contract that would enable revenue and royalty splits between collaborating artists. These collaborations and partnerships aim to contribute to the platform's offerings and facilitate opportunities for artists to display their work.

Market

Portugal Market Stats

Market cap

€79.0M

Volume (24h)

€15.8M

Circulating supply

694.1M RARE

Typical hold time

8 days

Popularity

#467

All time high

€2.76

Portugal Market performance

Price change (1h)

-0.41%

Price change (1d)

+14.43%

Price change (1w)

+1.85%

Price change (2w)

-0.95%

Price change (1m)

-33.03%

Price change (1y)

-2.21%

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Social

Some highlights about SuperRare on social media

348 unique individuals are talking about SuperRare and it is ranked #886 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, SuperRare has an average sentiment score of 3.1 out of 5. Finally, SuperRare is becoming more newsworthy, with 0 news articles published about SuperRare. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about SuperRare. There were 28.57% of tweets with bullish sentiment compared to 2.86% of tweets with a bearish sentiment about SuperRare. 68.57% of tweets were neutral about SuperRare. These sentiments are based on 35 tweets.

On Reddit, SuperRare was mentioned in 27 Reddit posts and there were 57 comments about SuperRare. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

348 people

Volume rank

#886

Average Sentiment

3.1 out of 5

Twitter

Reddit

Posts

27

Comments

57

Post Score

3,204

Comment Score

3,428

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

SuperRare is on the rise this week.

The price of SuperRare has decreased by 0.41% in the last hour and increased by 14.43% in the past 24 hours. SuperRare’s price has also risen by 1.85% in the past week. The current price is €0.11 per RARE with a 24-hour trading volume of €15.76M. Currently, SuperRare is valued at 95.87% below its all time high of €2.76. This all-time high was the highest price paid for SuperRare since its launch.

The current circulating supply of SuperRare is 694,069,615.343 RARE which means that SuperRare has as total market cap of 694,069,615.343.

FAQ

What is the current price of SuperRare?

We update our SuperRare to EUR currency in real-time. Get the live price of SuperRare on Coinbase.

What is the market cap of SuperRare?

The current market cap of SuperRare is €78.96M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SuperRare?

The all-time high of SuperRare is €2.76. This all-time high is highest price paid for SuperRare since it was launched.

What is the 24 hour trading volume of SuperRare?

Over the last 24 hours, the trading volume of SuperRare is €15.76M.

What other assets are similar to SuperRare?

Assets that have a similar market cap to SuperRare include Access, LooksRare, Elastos, and many others. To see a full list, see our comparable market cap assets.

How many SuperRare are there?

The current circulating supply of SuperRare is 694 million.

What is the typical holding time of SuperRare?

The median time that Coinbase customers hold SuperRare before selling it or sending it to another account or address is 8 days.

What is the relative popularity of SuperRare?

SuperRare ranks 247 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of SuperRare?

Currently, 67% of Coinbase users are buying SuperRare. In other words, 67% of Coinbase customers have increased their net position in SuperRare over the past 24 hours through trading.

Can I buy SuperRare on Coinbase?

Yes, SuperRare is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy SuperRare guide.