SuperRare focuses on art NFTs and doesn't deal in a lot of other kinds of digital items. SuperRare assembles its NFT collection by hand-selecting which artists can mint NFTs on its platform, ensuring that each item is a one-of-a- kind artwork. So, what is SuperRare? This guide will lead you into thinking if SuperRare is a good crypto or not.
What Is SuperRare?
SuperRare is a platform for trading curated NFTs from a select group of handpicked artists. SuperRare's user-friendly platform bridges the gap between real-world art galleries and NFT platforms, making NFTs accessible to more traditional art buyers.
SuperRare mints, transacts, and verifies NFTs on the Ethereum blockchain. It is also a curated platform, which means that only authorized creators can mint NFTs on its website. Each piece of artwork is authentically created by a network artist and tokenized as a crypto- collectible digital item.
All purchases on the platform are subject to a 3% transaction fee, which is paid by the buyer. For primary sales, there is a 15% artist gallery commission, which is high for NFT marketplaces but low when compared to real art galleries, and artists receive a 10% royalty on secondary sales.
Is SuperRare A Good Crypto?
I have listed the best advantages of SuperRare below. Let's explore together.
Curated Artists
SuperRare vets every artist that appears on the platform, and only accepts a limited number of creators. This means there's much less risk of buying a fraudulent piece of work, and the quality is higher than on other marketplaces. Plus, each work is a single edition. Some platforms allow people to create a series of limited editions, but on SuperRare each piece is unique.
Royalty
Every time their work is sold, artists receive a 10% royalty payment (after the initial sale, for which the artist receives 85%). These fees are incorporated into each token via smart contracts, ensuring that artists receive a consistent revenue stream from their work. SuperRare also has a royalty system for collectors.
Collaboration With The Traditional Art World
SuperRare has one foot in the real world of art. It recently collaborated with Miami Art Week to create a NFT and digital art experience. Collectors and artists may be interested in a platform that bridges the physical and digital worlds as they consider how traditional art and NFTs might interact.
Is Super Rare Safe?
According to SuperRare's cofounder, the art on SuperRare has never been hacked or used for money laundering. SuperRare users do not store their assets on a centralized platform. This means you're less likely to be targeted by hackers. However, you are largely responsible for the security of your assets.
Summary: What Is Super Rare?
SuperRare is an art-focused NFT platform where users can trade curated NFTs from a carefully chosen group of artists. SuperRare's user-friendly platform bridges the gap between real-world art galleries and NFT platforms, making NFTs accessible to more traditional art buyers.
