SuperRare (RARE) Price
$0.05429 0.88%
Latest Updates
Updated at 08:10Market cap
$44,758,399.1
Market rank
#601
Volume 24H
$7,655,624.09 13.26%
Price change 24h
-$0.00048 0.88%
Price change 7d
-$0.00124 2.28%
What about SuperRare?
SuperRare is an innovative online platform that allows people to buy, sell and collect unique digital artworks known as NFTs. Non-fungible tokens, or NFTs, are unique digital tokens that represent ownership of a particular digital item, like a piece of artwork.
One of the most appealing things about SuperRare is that it offers a simple, user-friendly interface where artists and collectors can easily interact with each other. Artists can showcase their digital works, which are thoroughly verified by SuperRare's team before being added to the marketplace. Collectors can browse and explore unique, one-of-a-kind pieces and securely buy them through secure blockchain transactions.
The process of creating, buying, and selling digital art works is simplified; artists simply create a unique digital piece and upload it to the SuperRare platform. Once it's on the platform, collectors can bid on the piece using Ethereum cryptocurrency. The highest bidder wins and becomes the new owner of the unique digital artwork.
SuperRare offers several interesting features that make it stand out from other NFT marketplaces. For example, the platform allows artists to set a reserve price for their work, meaning that they will only sell if their work reaches that price. This offers artists greater control over their work's value. Additionally, SuperRare protects buyers by ensuring that artists cannot issue false high-value art pieces, thereby maintaining the exclusivity and genuine nature of the marketplace.
One of the advantages of digital art and NFTs, in general, is that they are easily transportable across geographical locations. This means that SuperRare's global marketplace can bring together artists and collectors from all over the world, creating a vibrant community of digital art lovers who can connect, appreciate and trade their art with others.
RARE is the governance token of the project, allowing token holders to influence the platform’s management. Possible future uses of RARE are staking on galleries for alignment, voting delegation, and accessing staker-exclusive benefits such as fee sharing, art access, and governance over galleries.
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