Buy SuperRare (RARE)
What is SuperRare?
SuperRare is a highly curated digital art marketplace founded in 2018, focusing on on-chain art. It empowers artists by providing a platform to showcase and sell exclusive, high-quality digital art. The marketplace is built on the Ethereum blockchain and uses the RARE token for governance and transactions. Over its history, SuperRare has facilitated over $300 million in total sales, with $180 million earned directly by artists.
How does SuperRare work?
SuperRare operates on the Ethereum blockchain, using the ERC-721 standard for non-fungible tokens (NFTs). This allows artists to mint unique digital artworks that can be transacted securely and verifiably. The platform uses smart contracts to automate transactions and royalty payments, ensuring artists receive a percentage from secondary market sales. With the transition to Ethereum's Proof of Stake consensus, SuperRare benefits from increased scalability and reduced energy consumption.
What are the potential use cases for SuperRare?
SuperRare's potential use cases lie primarily in digital art marketplaces and NFT trading. The RARE token is crucial for governance, enabling holders to vote on platform proposals within the SuperRare DAO. It also facilitates curation processes and manages Spaces within the platform, providing community-driven involvement in artist selection and exhibition curation. RARE tokens are also used for platform payments and rewarding users, enhancing artist discovery and decentralization in the art market.
What is the history of SuperRare?
SuperRare was founded in 2018 by John Crain, Jonathan Perkins, and Charles Crain. It began as an innovative platform focusing on unique digital art, initially allowing multiple editions before shifting to singular 1/1 artworks to boost scarcity. Major milestones include its DAO transition in 2021, accompanied by the launch of the governance token RARE. The platform has grown significantly, marked by high-profile sales and the introduction of SuperRare Spaces for curated art galleries. This evolution reflects SuperRare's commitment to supporting artists through decentralised technology and perpetual royalties.
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Frequently Asked Questions (FAQs)
What is the current price of SuperRare (RARE)?
The SuperRare price is $0.1748221 AUD, representing a -2.93% from the day prior.
Where is the best place to buy SuperRare (RARE) in Australia?
The best place to buy SuperRare (RARE) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell SuperRare (RARE) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of SuperRare (RARE)?
The trading volume of SuperRare (RARE) is $14.9M AUD in the last 24hrs, representing a -2.93% from the day prior.
How can I buy SuperRare (RARE)?
SuperRare (RARE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of SuperRare (RARE)?
The current market cap of SuperRare (RARE) is $125.3M AUD.
Can I convert SuperRare (RARE) to cash?
Yes - With Coinstash you can convert your SuperRare (RARE) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many SuperRare (RARE) are there?
The current circulating supply of SuperRare (RARE) is 713.2M.
Is Coinstash a safe place to buy SuperRare (RARE) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling SuperRare (RARE) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.