Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. There are no job openings at SuperRare listed on Cryptocurrency what is bumo Jobs right now. You can sign upto receive our weekly email with the latest crypto jobs. NFT stats gives you the latest information about the NFT space.

In just three years, the crypto art market has already grown to be a global phenomenon over $400M in size. This investment will allow SuperRare to accelerate growth, serving significantly more artists and collectors as digital collecting nears more mainstream adoption. The Ethereum blockchain is the most popular for NFTs, but it’s also the most expensive in terms of gas fees and has a large carbon footprint. Ethereum is in the process of a major upgrade, but this won’t be completed until 2023. Other popular NFT platforms allow users to create and trade NFTs on other blockchains, such as Solana or Polygon . There are 8,279 SuperRare owners, owning a total supply of 38,240 tokens.

The benefit of this rigorous screening process is that SuperRare can control the quality of NFTs allowed on its platform. From an artist’s perspective, a SuperRare listing gives a creator extra cachet in the crypto art community. SuperRare rewards its artists by baking in a 10 percent royalty fee for every secondary NFT sale as part of each NFT’s smart contract. SuperRare only uses the Ethereum blockchain for its NFT transactions.

  • Fast forward to 2021, this figure has exploded by over 31,000% to $25M per month.
  • SuperRare bridges the gap between real-world art galleries and NFT platforms, making NFTs accessible to more traditional art buyers with its easy-to-use platform.
  • In just three years, the crypto art market has already grown to be a global phenomenon over $400M in size.
  • Trading on an NFT marketplace will usually cost you some transaction or marketplace fees.
  • SuperRare does not trade in other types of NFT such as land in the metaverse, music, videos, or sports collectibles.

Each piece of digital art sold from SuperRare’s curated collections is single-edition, so there’s only one for sale, making each piece more unique. You can also only buy, sell, and trade NFTs minted on SuperRare. OpenSea accepts over 150 different cryptocurrencies — making the platform more accessible. OpenSea also supports selling a large variety of NFT assets like art, music, trading cards, virtual worlds, and experiences.

However, it also takes a lower commission than a traditional gallery might. Sign up for Crypto Markets Today, our daily newsletter explaining what happened today in crypto markets – and why. Along with Gemini’s Nifty Gateway, SuperRare is one of Web3’s most fashionable NFT markets for fine art. Even if you don’t want to create or manage NFT art on SuperRare, you can participate in the SuperRare community by holding RARE tokens and voting on proposals. Currently, you can find these Ethereum-based tokens on many prominent centralized and decentralized crypto exchanges.

SuperRare

Many or all of the products here are from our partners that pay us a commission. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. More recently, SuperRare has opened the door to more aspiring NFT artists and curators through its SuperRare Spaces program. According to SuperRare, these spaces function as “sovereign crypto-art galleries” where the operators control promotional activities, NFT drop schedules and fees. Because these Spaces are within the SuperRare ecosystem, however, they still have to conform to SuperRare’s standards. Minting NFTs on SuperRare isn’t as easy as clicking Create, selecting a JPEG and paying a gas fee.

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Experienced collectors who are prepared to pay high prices and cover high fees can find valuable trades on SuperRare. This enables smart contracts, creates decentralized data management, increases accessibility, and limits fraud. NFTs acquired from SuperRare can also be bought and sold on OpenSea. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. This focus on growth and acceleration includes several key components. The first is expanding the core features of SuperRare into more scalable, social elements like chat and personalized feeds.

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Another major NFT risk is fraud, which has become increasingly common. A number of artists around the world have complained that people have minted NFTs of their work without their permission, or used NFTs to infringe copyright in other ways. This is unlikely to happen on SuperRare’s platform because it carefully curates its lists of artists and work. SuperRare’s cofounder told BTCBox that the art on SuperRare has never been hacked or used for money laundering.

If the gas fees are too high, you can wait until demand dies down. It hosts curated artists with one-of-a-kind exceptional NFTs and expensive sale prices. The SuperRare price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. For the first time, we have the opportunity to digitize this ancient and inherently human activity, bringing it online for the first time at scale.

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Ethereum is the most popular network for NFTs, but it struggles with network congestion, high fees, and high environmental costs. Some NFT marketplaces have enabled transactions on other less-congested blockchains. SuperRare is an exclusive platform that’s designed for serious artists and digital art collectors. If your bid is successful, you should see your new NFT appear in your SuperRare account. You can resell your NFT at any time, but you will only receive 90 percent of the secondary sale.

RARE Price Information

According to SuperRare’s help portal, you can safely use popular options such as Trust Wallet, imToken and Rainbow Wallet. Due to SuperRare’s high standards, it has gained a reputation as one of Ethereum’s most elite NFT art markets. An overview of the high-end NFT art market built on the Ethereum blockchain. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources.

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If you want to find the best NFT to buy, upcoming NFT projects, what’s the most expensive NFT – we’ll provide you with the data, charts, insights and news you need. I just wish these rares dropped stuff for my armor type, I’m tired of getting strength items as an int user. For the exact items, check out the database pages by clicking the name of the rare below.

SuperRare features one-of-a-kind artwork from a selection of carefully picked artists. In addition to the main market, users can access specially curated storefronts called https://cryptolisting.org/ SuperRare Spaces. The community can also participate in decentralized governance of the organization. Those who hold the SuperRare token can help to curate the platform.

Blockchain Jobs

While the site is fairly simple to navigate, the high-end nature of SuperRare may not appeal to most people who are just dipping their toes in NFTs. If you’re exploring digital art for the first time, the luxury market can be intimidating. You can also read about featured digital artists and their stories in SuperRare’s magazine.

Super Rare Variants

And, because the marketplace is on the Ethereum blockchain, gas fees are generally higher than some others. The growth in the digital art market in the past three years has been electrifying. In the first year, artists on SuperRare averaged about $8,000 of sales per month. Fast forward to 2021, this figure has exploded by over 31,000% to $25M per month. Artists receive a 10% royalty payment every time their work is sold (after the initial sale, for which the artist gets 85%). These fees are built into each token via smart contracts and ensure artists receive an ongoing revenue stream from their work.

If you want to sell your art on SuperRare’s platform, you must submit a formal application and conform to the site’s criteria for quality and scarcity. The percent change in trading volume for this asset compared to 7 days ago. Courtney Mikulski specializes in cryptocurrency, personal finance, and credit cards. Her work has appeared in publications like Bankrate, The Simple Dollar, and CreditCards.com. If you can score an invite to create NFT art on SuperRare, it’ll likely be fairly lucrative.

SuperRare bridges the gap between real-world art galleries and NFT platforms, making NFTs accessible to more traditional art buyers with its easy-to-use platform. SuperRare assets are not stored on a centralized platform, which means there is a very low risk of hacking. You can connect your crypto wallet to SuperRare and your crypto will be stored in your wallet until a transaction is made. It’s a non-custodial platform, which means transactions happen directly between the buyer and seller. Basically, the only people who have access to the funds or NFTs are the people in the transaction. This means the marketplace will receive a commission from the sale of an NFT.