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What is SuperRare (RARE)?

SuperRare basic info

Name:SuperRare
Ticker:
Introduction:

What is SuperRare (RARE)?

SuperRare has become a top-notch NFT platform with over $250M worth of digital art collected and $3M in artist royalties paid out. Originally, SuperRare 1.0 had a core team that hand-picked and approved artists to mint their works on a shared smart contract as SuperRare NFTs. However, SuperRare 2.0 introduced web-scale curation, independently run storefronts on the platform, and sovereign minting contracts. This allowed artists to mint, promote, and sell their works directly to collectors. By adopting a path of progressive decentralization, SuperRare has transferred ownership and governance of the network to the community. SuperRare 2.0 is now a DAO, which is a decentralized organization that oversees platform parameters, allocates funds from the Community Treasury, and votes on proposed improvements to the network and protocol.

How does SuperRare (RARE) Work?

Creating a social network for crypto art has the objective of providing a transparent record of ownership for digital collectibles. It is an ideal platform for assessing the value and context of items in the marketplace. The network aims to solve problems such as a lack of support for artists, a fragmented ecosystem of NFTs, and a single team doing the curation and gatekeeping.

To address these issues, SuperRare has introduced SuperRare Spaces. These Spaces can operate independently on the network, curate art and artists, run auctions, promote sales, and collect commissions.

SuperRare started as version 1.0, where a core team handpicked artists to mint their works on a shared smart contract as SuperRare NFTs. SuperRare 2.0 introduced web-scale curation, allowing artists to promote, mint, and sell their works directly to collectors through independently run storefronts on the platform. Furthermore, SuperRare 2.0 has become a DAO, giving control to the community, which governs and allocates funds from the Community Treasury, and votes on key platform parameters and proposed network improvements.

What makes SuperRare (RARE) Unique?

SuperRare's 2.0 version addressed three key problems in the NFT art ecosystem. Curation and gatekeeping by a single team hindered scalability, while artists deserved more support than a single team could provide. Additionally, the ecosystem was fragmented, making it difficult to manage collections. To solve these problems, SuperRare introduced SuperRare Spaces, which are independently-run storefronts on the platform. Each Space can launch its own branded token and curate art and artists, promote sales, run auctions, and collect commissions. Artists can also deploy a custom NFT minting contract to become their own sovereign creative platform. This allows each Space to become its own sovereign crypto art gallery.

What is the RARE Token?

The community of artists, collectors, and curators will gradually take over the curation process through the introduction of a new token called RARE. SuperRare Labs aims to incentivize community members to actively curate and empower them as the network evolves. RARE will allow the community to govern certain network parameters such as Spaces, commissions, and grants, paving the way for full on-chain curation in the future.

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Current price:
All-time high:$3.79
All-time low:$0.05138

RARE supply and tokenomics

Circulating supply:718,136,100 RARE
Total supply:1,000,000,000 RARE
Max supply:1,000,000,000 RARE
Market cap:$80.27M
Fully diluted market cap:$111.78M
Token allocation:
Community Treasury
40.00%
Team
25.50%
Airdrop
15.00%
Investors
14.50%
Strategic Partners & Future Contributors
5.00%
Tokenomics:

Uniqueness

SuperRare evolved into the 2.0 version by addressing three key problems:

  1. Curation and gatekeeping by a single team are not conducive to a scaled art ecosystem.
  2. Artists deserve as much support as possible, but a single team can only do so much.
  3. The NFT art ecosystem is fragmented, and there is no good way to manage one’s whole collection.

SuperRare solved this by introducing SuperRare Spaces, which are independently-run storefronts on SuperRare that can curate art and artists, promote sales, run auctions, and collect commissions. Each Space can launch its own branded ERC-721 token and invite artists to mint NFTs with them, either as a one-time event or on an ongoing basis. That allows each Space to become its own sovereign crypto art gallery.

Furthermore, self-sovereign minting contracts let artists deploy a custom NFT minting contract and tokenize and sell their art as uniquely independent artists. Thus, artists have another option in addition to minting on a shared contract with other artists and can become their own sovereign creative platform.

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What is the development prospect and future value of RARE?

The market value of RARE currently stands at $80.27M, and its market ranking is #513. The value of RARE is not widely recognized by the market. When the bull market comes, the market value of RARE may have great growth potential.

As a new type of currency with innovative technology and unique use cases, RARE has broad market potential and significant room for development. The distinctiveness and appeal of RARE may attract the interest of specific groups, thereby driving up its market value.

What will the price of RARE be in 2025?
Based on RARE's historical price performance prediction model, the price of RARE is projected to reach $0.1536 in 2025.
What will the price of RARE be in 2030?
In 2030, the RARE price is expected to change by +1.00%. By the end of 2030, the RARE price is projected to reach $0.1415, with a cumulative ROI of +31.93%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of RARE and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is RARE worth investing or holding? How to buy RARE from a crypto exchange?

If you want to buy RARE, the following information may be helpful for your investment decisions:
In the last 7 days, the price of RARE has fallen by -24.32%, leading to negative returns for most RARE investors. The market is currently pessimistic about the price trend of RARE.
It is important to note that the current price of RARE has retreated by -97.05% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether RARE is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in RARE or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of RARE, if you want to buy or sell RARE, you can consider Bitget for your trading needs. The best place to buy RARE is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in SuperRare has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy SuperRare. Here's a step-by-step guide on how to buy SuperRare on Bitget.

How to get SuperRare through other methods?

Using cash to buy SuperRare is not the only way to obtain SuperRare. If you have the time to spare, you can get SuperRare for free.
Learn how to earn SuperRare for free through the Learn2Earn promotion.
Earn free SuperRare by inviting friends to join Bitget's Assist2Earn promotion.
Receive free SuperRare airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to SuperRare through Bitget Convert, Bitget Swap, or spot trading.

What is SuperRare used for and how to use SuperRare?

The use case of SuperRare may expand as the crypto market and the project itself develop. Currently, you can use RARE to achieve the following goals:
Arbitrage by trading RARE: Since RARE is a frequently traded cryptocurrency, the price of RARE is always fluctuating. Earn more RARE by buying low and selling high on the exchange. Bitget spot market provides a variety of RARE trading pairs to fully meet your needs.
Earn by staking RARE: You can also generate income through financial management methods such as staking RARE or lending RARE. Bitget Earn offers a variety of financial products designed to help you earn more income from your RARE.
Send or pay RARE: If you want to give RARE to your friends, a charity, or a fundraiser, or you want to pay someone with RARE, you can quickly and easily send RARE to the recipient through their payment address.
You can also go to the official website of the SuperRare project to learn more about the use cases of RARE. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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