Recently, the world has been crazily revolving around digital collectibles and art. Many are even willing to pay extra high prices to get their hands on them. However, with huge money comes huge trouble as some people find opportunities in these areas to exploit such deals through fraud, forgery, and mischief.
Nevertheless, Ethereum and other blockchain networks offer something that can help fight these issues and give a new meaning to the idea of digital collectibles. What Ethereum and other blockchain networks have to offer is security and privacy over an individual’s art or collectible by providing a secured distributed ledger that allows users to track the history and origin of a piece of art.
SuperRare banks on the blockchain network to offer artists a platform to create and tokenize their pieces of art in the form of a unique SuperRare NFT.
NFTs are undeniably very valuable but so is the platform that acts as the marketplace to sell such NFTs. SuperRare is not just a place where you can create non-fungible tokens but it is also a decentralized social platform where you can sell unique digital artworks.
After the SuperRare NFT platform was founded by Pixura, it secured $9 million in the “Series A” venture capital funding round in March 2021. The platform ensures that each SuperRare digital artwork was authentically created by the Artist and then tokenized as a crypto collectible “NFT”, which can be owned and traded.
Picture SuperRare as a social platform like Instagram fused with functions that come with auction houses like Christies. The platform connects people to interact with art, culture and introduces a new method of art collecting online.
SuperRare digital art acquired on SuperRare can either be bought, sold, or even Held as a long-term investment goal. Artists making use of the SuperRare platform are allowed to auction their artworks at a set price. NFT sold to a buyer can then be resold to other NFT traders on several trading platforms at the buyer’s desired price.
RARE cryptocurrency is a curation token that facilitates the governance process of the SuperRare ecosystem. The RARE token was introduced on August 17th, 2021, as part of an evolution of art curation by the SuperRare NFT marketplace. RARE crypto provides a means of ownership for the community, which makes the SuperRare platform a community-governed platform with a diversity of curatorial voices amongst its leaders.
SuperRare token is reported to have an estimate of 1 billion RARE as the total supply. The tokens are also distributed economically with 150 million RARE allocated as retroactive airdrop for the core community of artists and collectors. These artists and collectors are considered core members due to their involvement in pushing the platform to its current state.
400 million SuperRare tokens are allocated as community treasury that is owned and governed by its holders. 25% was meant to be distributed at launch while the remaining 75% are scheduled for 4 years. About 255 million SuperRare cryptos are also allocated to the core contributors of SuperRare Labs that played a major role in making the SuperRare platform what it is today. The core contributors’ team tokens are subjected to 3-year vesting with a 6-month cliff.
In addition, 145 million SuperRare tokens are allocated to investors that participated in RARE previous funding rounds. The investor tokens are also subjected to 3-year vesting with a 12-month cliff. Lastly, about 50 million SuperRare tokens are allocated to strategic partners and future contributors of the SuperRare network. About 6 months is required as a minimum for vesting upon distribution.
As of November 22, 2021, the price of the RARE crypto is $2.15 with a daily trading volume of $157,740,233 and a market cap of $218,493,787. The coin is ranked number 322 on CoinMarketCap with a maximum supply of 1,000,000,000 RARE cryptocurrencies and a circulating supply of 101,756,228 SuperRare cryptos.
These are some of the key features of the platform:
The vision of the DAO governance model is to utilize SuperRare tokens as fuel. The aim is for SuperRare holders to form the SuperRare Governance Council that will manage the platform’s community treasure, new ‘SuperRare Spaces, plans, and decisions concerning the platform.
The plan is to create SuperRare Spaces, which are independently curated storefronts selected by the token holders. Decentralized artworks will be showcased here.
According to an announcement made by the SuperRare NFT, the platform is aiming to expand the capability of its platform’s smart contract. This upgrade will allow artists and creators to create custom NFT minting contracts, which are also referred to as “Sovereign Smart Contracts”. It also possesses unique features like personalized ticker tokenization and shared contracts with other artists.
NFTs are described as computer files linked with proof of ownership and authenticity of what it is representing, which could be an NFT digital artwork, music, images, etc. Just like cryptocurrencies like BTC, NFTs are also created on a blockchain. Unlike NFT, cryptocurrencies are fungible, which means a BTC is the same as any other single unit of BTC.
However, NFTs are non-fungible and each NFT has its unique valuations, which are determined by the highest bidder of individual NFTs. So, in most cases, artists looking to sell their digital artworks in the form of NFTs have to first sign up to an NFT marketplace. That is where a platform like SuperRare comes in.
They mint their digital artworks into NFT tokens, provided they upload and validate their information on the ETH blockchain or any other blockchain capable of hosting NFTs. The estimated cost for the procedure should be around $40 to $200. After completing these steps, the NFT can then be auctioned on an NFT marketplace like SuperRare as a SuperRare digital art.
It’s undeniable that the undervalue and lack of royalties in most digital artworks have demoralized many artists’ enthusiasm for a very long time. The creation of NFTs has greatly helped artists with creating financial value and adding crucial ingredients of scarcity to their artwork. The importance of scarcity is what makes some baseball-card collectors willing to pay astronomical prices for a piece of cardboard embodied with the picture of Honus Wagner “The legendary Pittsburgh Pirate”. This is exactly what NFT brings into digital art.
Xcopy is not just a talented London-based digital artist but also a crypto-enthusiast. Xcopy has recorded a sale of 1,914 NFTs, which explore themes around death, dystopia, and apathy. The artworks mostly feature warped visual loops along with flashing imagery warnings.
Xcopy highest sale record was the “Some A**hole” piece. The NFT was sold for $5,119,491.00.
The Belgium-based visual artist positions his art around vector graphics with an intricate eye for details. Musketon started his work immediately after school and has been doing so for 10 years now. His work is detailed enough that you can zoom in up to 64000% and still make new discoveries about the artwork. Some of his notable creations are Amazon in the Wild West, Hansel & Gretel in 2021, among others.
The Belgian-Greek artist who goes by the name of Lebackpacker is a travel photographer. His well-known landscape photography has some of the most remote and wildest places in the world. His notable work on SuperRare is Explosion of Colors.
Noxx is a 3D artist based in Berlin, Germany and he is described as a perfectionist in pursuit of excellence. Some of his notable works include Reality, Soul – Mind – Desire, Void, among others.
Exchange platforms like Swapzone provide an accessible and feasible solution for those traders who seek to convert their digital assets. Here, the users only have to follow a few steps to convert their assets fast and conveniently, in a matter of clicks. Try it out and get RARE on Swapzone following the steps below:
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There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.