SuperRare: Leading NFT Platform and Its Path to Decentralization

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. The History and Development of SuperRare
  2. Transition to SuperRare 2.0
  3. How to Buy SuperRare Coin


    4. SuperRare is one of the leading NFT platforms, having amassed around $90 million in digital art and paid artists $3 million in royalties.

    The History and Development of SuperRare

    SuperRare originated from version 1.0, where the core team handpicked and approved artists to mint their works as NFTs under a unified smart contract. SuperRare 2.0 revolutionized this by introducing web-scale curation, independent storefronts, and self-minting contracts for artists.

    Transition to SuperRare 2.0

    SuperRare transformed into version 2.0 by addressing three core issues:

    * Curation and monitoring by a single team are not conducive to a scaled art ecosystem. * Artists deserve as much support as possible, but a single team cannot provide this. * The NFT art ecosystem is fragmented, and there isn’t a good way to manage one’s entire collection.

    SuperRare resolved these issues by introducing SuperRare Spaces, independent storefronts on the platform that can select artists, promote sales, organize auctions, and collect commissions. Each Space can launch its branded ERC-721 token and invite artists to mint NFTs with them. This allows each Space to function as its independent crypto art gallery.

    How to Buy SuperRare Coin

    The RARE Coin can be quickly and securely purchased via Binance, the world's largest cryptocurrency trading platform by trading volume. To purchase, you need to register on Binance and deposit fiat currency like USD. After that, you can buy the RARE Coin in trading pairs with Bitcoin (BTC), Tether (USDT), BUSD, or Binance Coin (BNB).

    SuperRare continues to make significant strides in developing a decentralized NFT platform, providing artists with the tools and opportunities to mint and sell digital art.

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