In recent years, the digital art world has undergone a significant transformation with the rise of NFTs (Non-Fungible Tokens). This innovative technology has turned art pieces into unique, ownable assets in the digital realm, creating new opportunities for artists and collectors. Among the pioneers of this development is SuperRare, an NFT art platform that is setting new standards in how digital art is created, sold, and collected. So, what exactly are SuperRare and RARE Coin?
What is SuperRare?
SuperRare is a leading NFT (Non-Fungible Token) platform where digital art pieces can be bought, sold, and collected. It enables artists to tokenize their original works on the blockchain, offering them to a global audience.
Transactions on SuperRare are facilitated through NFTs, which act as digital certificates verifying the uniqueness, ownership, and provenance of each artwork. At the intersection of art and technology, SuperRare provides artists with the opportunity to showcase their digital works and earn revenue while offering collectors a secure way to store and display their investments.
SuperRare is designed as a marketplace where artists can present their works directly to collectors, emphasizing transparency and reliability. The platform aims to build a community for artists and collectors, providing various tools for discovering, purchasing, and selling art pieces.
Moreover, every transaction on SuperRare is recorded on the blockchain, ensuring that the history and ownership chain of each artwork are completely transparent and immutable.
A unique feature of SuperRare is its provision for artists to receive royalties from secondary sales. Whenever an artwork is resold, the original artist automatically receives a percentage of the sale as royalty.
What is RARE Coin?
RARE Coin is the native cryptocurrency of the SuperRare ecosystem, playing a central role in its governance and functionality. As part of SuperRare’s efforts to decentralize and involve its users in decision-making, RARE Coin holders have the ability to influence the platform’s future and make significant decisions. This reflects SuperRare’s vision of being a decentralized, user-focused art and collection platform.
What Does RARE Coin Do?
RARE Coin serves several crucial and distinctive functions within the SuperRare platform. It allows users to take a more active role by voting on important decisions, protocol updates, and the establishment of new features and curation standards.
Additionally, RARE Coin acts as a tool for artists and collectors to engage more deeply with the platform and enjoy special benefits. This facilitates fair value distribution and participation among SuperRare’s artists, collectors, and curators.
What Does SuperRare Do?
SuperRare bridges the gap between digital artists and collectors, providing a platform where artists can globally showcase their works, and collectors can invest in unique, verified digital art pieces.