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An NFT Marketplace to Collect and Trade Unique, Single-Edition Digital Artworks.
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SuperRare is an NFT marketplace to collect and trade unique, single-edition digital artworks. Each artwork is authentically created by an artist in the network and tokenized as a crypto-collectible digital item that you can own and trade.
RARE is the governance token of the project. The following network parameters are currently governable by token holders:
SuperRare Spaces: RARE token holders can decide the curatorial requirements to operate a Space, its associated fees and commissions plus the total number of Spaces.
Artist onboarding: RARE token holders can help to approve the requirements of independent artists admitted to SuperRare.
Treasury operations / management: RARE token holders can vote to establish grant programs for artists or developers and approve the ad-hoc expenditure.
Future utilities of RARE may include staking on different galleries to signal alignment, delegate votes, and access staker-only benefits (e.g. fee sharing, art access, governance over galleries, etc).
The protocol consists of the following major components working in conjunction:
SuperRare Spaces: Spaces are community-vetted galleries for curators, collectors, and community members to highlight and release work through SuperRare. Each Space is overseen by a designated operator, chosen by a community vote of RARE holders. Elected operators will choose and onboard their artists, market as they see fit, and earn commissions on all sales through their Space.
SuperRare DAO: SuperRare routes all platform commissions and fees to the SuperRare DAO. A 7-person governance council controls the community treasury via a 4-of-7 multi-sig wallet.
Sovereign minting contracts: Independent artists on SuperRare can mint their own artist or project-branded tokens, enabling artists to create bespoke NFT minting contracts.
As at October 11th 2021, the maximum and total token supply of RARE is 1,000,000,000 and the circulating supply is 141,035,088 (~14.10% of the total token supply).