Ethereum

SuperRare

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/superrare-elevates-digital-art-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">SuperRare Elevates Digital Art Market</a><br></p>
<p style="text-align: justify">SuperRare (RARE) emerges as a dominant NFT marketplace, emphasizing the importance of high-quality digital art. By leveraging Blockchain <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">technology</a>, the platform provides a decentralized environment, benefiting both artists and collectors. The robust governance structure and experienced leadership further enhance its reputation, making it a significant player in the digital art and NFT space.</p>
<h2 id="who-founded-superrare">Who Founded SuperRare?</h2>
<p style="text-align: justify">John Crain, Charles Crain, and Johnathan Perkins, the masterminds behind SuperRare, also co-founded Pixura, the technology powering the marketplace. SuperRare operates under a governance council that manages the Community Treasury via a multi-signature wallet. Prominent council members include Nick Tomaino, Derek Schloss, Serena Tabacchi, Simon Pop, and Pindar Van Arman.</p>
<h2 id="how-does-superrare-operate">How Does SuperRare Operate?</h2>
<p style="text-align: justify">Built on the Ethereum Blockchain, SuperRare ensures the minting, trading, and verification of NFTs are secure and transparent. The platform uses smart contracts to lock NFTs listed for sale, releasing them only upon transaction completion. A timed auction model sets a reserve price for bids, and a secondary <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> allows bidding on unlisted NFTs. The platform’s decentralization is furthered by SuperRare Spaces, independently operated content hubs.</p>
<h2 id="key-takeaways-for-users">Key Takeaways for Users</h2>
<p style="text-align: justify">SuperRare offers unique benefits for artists and collectors:</p>
<ul>
 <li>10% loyalty fee for artists on peer-to-peer sales.</li>
 <li>Collector’s commission of 1% on NFT resales, decreasing with each subsequent sale.</li>
 <li>Decentralized governance via the RARE coin, ensuring community-driven platform evolution.</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">SuperRare’s launch of the RARE coin in 2021 through a decentralized autonomous organization (DAO) underscores its commitment to decentralized governance. The coin facilitates decision-making and community involvement, ensuring the platform’s development aligns with user needs and preferences. This approach cements SuperRare’s role as a pivotal entity in the digital art and NFT realm.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/superrare-elevates-digital-art-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">SuperRare Elevates Digital Art Market</a></h5>

SuperRare Elevates Digital Art Market

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