SuperRare is a decentralized NFT marketplace for digital art that operates on the Ethereum blockchain. It was founded in 2018 by a team of artists and technologists who saw a need for a platform to showcase and sell unique, one-of-a-kind digital artwork. SuperRare is a platform that connects artists with collectors, providing a space for artists to showcase and sell their artwork while offering collectors a chance to purchase unique digital art pieces. Till date, it is one of the biggest NFT marketplaces in the world with more than $200 million of value in collected artworks and more than $5 million in royalties paid to artists and collectors.
SuperRare offers a feature called "Spaces," which are essentially independent digital storefronts / gallery houses. The community has a say in which Space can be open, and a portion of revenue that the Space gets will be returned to the DAO. All operations within a Space, including choosing artists, calculating commission structure, promoting works, and building a following, are decided by the team running the Space. An artist can opt to sell their artworks in Space or as an independent artist. This creates a community-driven approach to the platform and helps artists gain exposure and recognition for their work however they want to.
RARE is the governance and utility token of the SuperRare platform. It has a total supply of 1,000,000,000. RARE’s circulating supply is 332,910,546.
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