SuperRare crypto, or the RARE token, is a digital currency associated with the SuperRare platform. NFT marketplace that specializes in buying and selling unique digital artworks. The RARE token plays a crucial role in the SuperRare ecosystem, allowing users to participate in various activities and governance decisions.
The SuperRare platform
SuperRare is an NFT marketplace where artists can create, showcase, and sell their unique digital creations. It’s built on the Ethereum blockchain, ensuring the authenticity and scarcity of each artwork. The platform has gained popularity among digital artists and collectors alike.
Key features of SuperRare Crypto NFT Marketplace:
- Unique digital artworks
- Blockchain-based authenticity
- Direct artist-to-collector sales
- Secondary market for reselling artworks
The SuperRare platform aims to revolutionize the art world by providing a space for digital artists to thrive and connect with collectors who appreciate their work.
Collectors and investors can choose from multiple filters, tags, and types of NFTs on the SuperRare platform.
SuperRare token: Understanding its role
So what is Super Rare crypto token? $RARE is the native cryptocurrency of the SuperRare NFT Marketplace. SuperRare launched its token in 2021 to decentralize the platform and give more power to its community. The RARE token serves multiple purposes within the SuperRare ecosystem, making it an integral part of the platform’s operations. The main purpose is to enhance user engagement and platform governance.
Key features of $RARE token
| Feature | Description |
| Type | ERC-20 token |
| Network | Ethereum |
| Use case | Governance and utility, Staking, Curation, Marketplace Fees |
| Max supply | 1 billion tokens |
RARE token holders have the power to influence the direction of the SuperRare platform through voting on proposals and participating in governance decisions. This democratic approach ensures that the community has a say in the platform’s future.
Statistics and milestones for SuperRare (RARE) coin
- Current Price: $0.18
- Market Capitalization: 130M
- Total Supply: 1 billion (1,000,000,000)
- Circulating Supply: 709,148,018 RARE
Data based on statistics from coinmarketcap.com (31.8.2024)
$RARE staking: SuperRare’s innovative curation system
RARE staking is a key feature of SuperRare’s ecosystem, revolutionizing on-chain discovery in the Web3 creator economy. As of 2024, over 10,000 unique addresses participate, with 50+ million $RARE tokens staked across 1,000+ active pools.
How it works:
- Users stake $RARE in community pools (artists, collectors, curators)
- Receive xRARE tokens representing pool percentage
- Rewards from 3% marketplace fees on pool owner sales
- 7-day rounds with delayed eligibility (stake Round 1, eligible Round 2)
- Average 5-10% APY, varies by pool
Key stats:
- Average stake: 5,000 $RARE per user
- 100,000+ curation signals generated
- 30% increase in lesser-known artist engagement
- 25% month-over-month growth in active stakers
Reward system:
- Accrues in ETH, WETH, ERC-20 tokens
- Claimable only in $RARE after conversion
- 10% bonus for performing Reward Swaps
RARE staking has significantly enhanced curation, and discovery, and fostered community growth and engagement, with projections indicating that 70% of $RARE tokens will be staked by 2025.
SuperRare crypto price prediction: What to expect
Predicting the price of any cryptocurrency is tricky, and SuperRare is no exception. However, some factors that could affect the SuperRare coin price include:
- Overall growth of the NFT market – right now we are experiencing a decline in the NFT trend, as it peaked around January 2022 based on data from Statista.com. It can be a good opportunity as an increase is expected at Bullrun.
- Adoption of the SuperRare platform
- General trends in the cryptocurrency market – same as the NFT trend
It’s important to remember that these are just potential factors, not guarantees. Always do your own research before making any investment decisions.
SuperRare vs other NFT platforms: How does it compare?
While SuperRare is a prominent player in the NFT space, it’s not the only platform out there. Here’s how it compares to some other popular NFT marketplaces:
| Feature | SuperRare | OpenSea | Rarible |
| Focus | High-quality digital art | Wide range of NFTs | User-generated content |
| Curation | Strict curation process | Open marketplace | Community curation |
| Fees | Higher fees, focus on quality | Lower fees, more accessible | Variable fees |
| Token | RARE token | No native token | RARI token |
Each platform has its strengths, and the best choice depends on individual needs and preferences.
The future of SuperRare: Potential developments
As the SuperRare platform continues to evolve, several potential developments could impact the RARE token:
- Expansion to other blockchains.
- Partnerships with traditional art galleries
- Integration with virtual reality platforms
- Enhanced staking and reward mechanisms
These developments could potentially increase the utility and value of the SuperRare crypto in the future.
SuperRare crypto community: Getting involved
The SuperRare crypto community plays a significant role in the platform’s success. Here are some ways to get involved:
- Join the official Discord server
- Follow SuperRare on social media: X – SuperRare, Instagram or Youtube
- Participate in governance votes
- Attend virtual events and meetups
Engaging with the community can help you stay informed about the latest developments and opportunities related to $RARE.
Conclusion: Is SuperRare crypto right for you?
RARE, SuperRare’s native token, has revolutionized the digital art ecosystem. With 1 billion total supply and over 10,000 active users, it powers a decentralized NFT marketplace where artists, collectors, and curators thrive. RARE’s multi-utility in governance, staking, and transactions has driven platform growth, enhancing art discovery and creator engagement. Projections suggest 70% of RARE tokens could be actively staked by 2025, underlining its pivotal role in reshaping the digital art landscape and democratizing creativity in the web3 era.