SuperRare is a dedicated crypto-art marketplace that many digital artists want to be a part of. The platform is home to some of the most prominent NFT artists. In fact, Super Rare is a platform through which digital artworks can be bought and sold. Featuring popular artists and a growing community of collectors, this platform is a way to interact with fine art.
If you have done NFT activities before, you are familiar with markets like OpenSea and Rarible and the like. Super Rare is one of these markets, which, of course, has unique and distinguishing features. In this article we will examine all these features; Stay with us.
What is Super Rare?
Super Rare one Crypto art online marketplace Extremely exclusive on the platform Ethereum blockchain is this Platform In 2018, focusing on NFT works of art launched Therefore, unlike many other NFT markets, this platform is home to digital game titles, music NFTs or Web3 domains. is not.
Read more: What is NFT? All about NFT
With a wide range of art styles, Super Rare covers everything from concept art, to illustration and photographic NFTs. An NFT file can exist as a still image, 3D artwork, video, or GIF file.
In the first three years of its operation, this platform operated based on a centralized model. Therefore, artists who wanted to list their works on this platform had to submit their request. The Super Rare Labs team then reviews the requests. Each work must be completely original and created by the applicant and not previously registered anywhere else. Because of this, each artwork listed in Super Rare was unique and valuable.
But currently, this market has joined the majority of the NFT community in order to join the decentralization process of the Web 3 world and has adopted a decentralized approach. For this reason, Super Rare introduced its Rare Token (RARE). A DAO, or Decentralized Autonomous Organization (DAO) of creative individuals and collectors who hold the Rare Sovereign Token, now governs the platform.
Read more: What is Dao or Decentralized Self-Governing Organization? Getting to know the best DAO projects
The founders of this platform say about the reason for creating a social network for crypto art:
We think collecting is inherently a social activity. Because digital collections have transparent ownership records, they are ideal for a social environment. The social layer can make it easier to evaluate the price and other information about the items in the market. Also more fun!
Who are the developers of Super Rare?
Charles Crain, John Crain and Jonathan Perkins founded the Super Rare platform in 2018. In the work history of this Pixura team, the basic technology on which Super Rare was implemented is also located. John Crane was previously a product engineer at Web3 company ConsenSys.
This small team of art enthusiasts spent six months exploring their idea and finally launched the platform on April 4, 2018. The founding team has explained about the start of this platform as follows:
We started making Super Rare in late 2017; Three friends who worked in a cafe in Brooklyn and dreamed of building a new market for art in the digital age. The idea was simple but powerful: what if we could use NFTs to authenticate and authenticate digital art? If this were possible, we could create an open and transparent global marketplace for digital art that anyone in the world could access.
Along with the founding team, several important investors including Mark Cuban, Samsung Next and Ashton Kutcher are involved in this project. In addition to managers and investors, Super Rare also has a community of collectors and artists who oversee the governance of the platform.
The headquarters of this company is located in the Greater Philadelphia area on the southeastern coast of the United States of America.
How many top artists are active on the Super Rare platform?
Focusing on art NFTs, Super Rare hosts the best artists. Although it is not possible to know exactly how many artists use this platform, it can be said that there are less than 7,500 people; Because when Rare tokens were distributed to artists, collectors and curators, only 7,500 people owned the tokens.
Due to the high quality level of input to this platform, the works of super rare artists are usually worth a lot. In fact, artists such as Don Diablo, Kevin McCoy, and XCOPY have each sold their NFTs for over $1 million on the platform.
Among all the artists on this platform, Xcopy has a special place. Believe it or not, X-Copy has so far sold 222 titles at an average price of $228,418, for a total of $50,708,843 in sales. This amount does not even include secondary sales.
The highest selling Xbox was an impressive $7,088,229. Robbie Barrat is the second highest seller in Super Rare with $1,094,583.
How hard is it to be accepted in Superreer?
Getting accepted into Super Rare is extremely difficult, and some of the platform’s best artists have failed to get accepted on their first try. During the application process, Dao evaluates your application and makes a final decision. However, as Super Rare states in their application form, they only accept a limited number of artists each month. Of course, they are looking to expand the platform to meet the high volume of existing demand.
How to get accepted to Superrare, the most exclusive NFT art platform?
As we said, Super Rare has a high standard for its artists. Therefore, before applying, you need to establish yourself as a crypto artist. You can do this by creating artwork, finding a unique style, building a portfolio, and being active in the Twitter and Super Rare communities.
After building your personal brand, proceed to complete the application process. Answer the form questions carefully. Also, You need to record a one-minute video of yourself and your art. Instead of just introducing yourself, focus on what makes you unique and inspires your work. Then, you should submit 3-5 of your artworks and explain the story behind them. So choose works that have interesting stories.
After completing the application, you need to wait a little. Super Rare emphasizes that due to the high volume of requests, you may not receive any responses. Remember that the level of this platform is very high. If Super Rare doesn’t accept your request, don’t let that discourage you. Keep improving and try again in the future.
Training on selling NFT artworks on the Super Rare platform
Super Rare uses the Ethereum blockchain to mint, trade and verify NFTs listed on the platform. When a seller lists an NFT, that NFT is locked in a smart contract and does not leave the wallet until the sale. The same is true for buyers. This means that their funds are locked in a smart contract after the offer is registered and transferred only if the offer is accepted.
Read more: What is Ethereum in simple words
This platform mainly uses timed auction model. When selling a work, you can set a specific base price that bids must reach. You can also set only the start and end dates without setting the base price.
In addition, there is a secondary market on Super Rare where a user can submit a bid for any NFT that is traded on the platform. Therefore, collectors can bid on your works without holding an active auction.
As for seller commissions, Super Rare takes a 15% commission on initial sales. Therefore, the artist who created the work receives 85%. Although this amount is much higher than OpenSea’s 2.5% fee, it is significantly lower than traditional gallery commissions, which are usually between 25% and 50%. Also, in secondary sales, the creator of the work receives a 10% commission (royalty).
Collection of works of art in Super Rare
To start collecting artifacts in Super Rare, you must first have an Ethereum wallet. If you don’t know about Ethereum wallets, you can read our Best Ethereum Wallets article. Then make sure your wallet has enough credit.
After that, register as a collector on Super Rare. After you create your account, connect your Ethereum wallet. Finally, head over to the Activities section, follow some artists, and make your own digital art collection by bidding.
Comparison of Super Rare and OpenC
Although both are NFT platforms, OpenC and Super Rare have many differences. The most important differences between Super Rare and OpenC Pro can be summarized in these cases:
- Access and audience
- The subject of the activity
- fee
Their main difference is in access and audience. OpenC is a public platform for everyone, while Super Rare is very exclusive. Anyone can sell their work on OpenC, so the platform is more accessible to novice and intermediate artists. Because of this, there is a wider range of art and other digital collections on OpenC, and naturally the prices are lower.
In addition, OpenC supports various types of NFTs, but in contrast, Super Rare is only dedicated to crypto-art. With a strong focus on its vision and brand, Super Rare has hosted high-level artists and attracted the attention of more reputable buyers.
If you are new to digital art, you can easily sell your work on OpenC. In terms of fees, OpenC receives a lower percentage. On the other hand, if you’re an experienced artist looking for a high-end audience, Super Rare might be the place for you.
With the higher standard for super rare artists, your work is likely to fetch higher bids on this platform. Also, you will receive a 10% commission every time a buyer resells your work or so-called secondary sales.
For collectors, choosing a platform depends on the type of art you’re looking for. Are you looking for PFP projects, blockchain games and emerging NFT artists? In that case, OpenC is more suitable for you. But if you’re looking for high-quality artwork from well-known artists, Super Rare is a better option.
How much is Super Rare’s income?
Super Rare has come a long way in the past few years. In the first year of sales, artists on Super Rare averaged about $8,000 in monthly sales. In 2021, this figure has increased dramatically to an average of $25 million per month; A growth equivalent to 31,000 percent.
According to CoinMarketCap, more than $250 million worth of digital artwork has been collected on Super Rare. Also, the artists of this platform have received more than 3 million dollars as commission. For example, the platform sold 49 NFTs in just one week, with an average price of $2,100 each. Therefore, the total volume of sales in these 7 days is equal to 103,550 dollars.
summary
In short, Super Rare is a unique digital art platform dedicated to exceptional artists and connoisseur collectors. In the traditional art world, artists fought to enter exclusive markets to have their work displayed in a prestigious gallery, hoping to attract the attention of an influential collector.
On the Super Rare platform, these artists can connect directly with the consumer and make their digital artwork available online to collectors around the world.
Additionally, by minting artworks as NFTs on the blockchain, SuperRare has created a way for buyers to collect authentic artworks. With this process, we can guarantee that this work is unique, irreplaceable and unique. While it is claimed that more than 50% of the world’s artworks are fakes, by purchasing such works you can be sure that your collection is genuine.
With the RARE token, great earnings and attracting world famous artists, this platform seems unbeatable. So, whether as an artist or as an audience or buyer, if you are interested in fine art, Super Rare is the best market for you.
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