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COINTURK NEWS > Altcoin News > How to Buy SuperRare Coin?
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How to Buy SuperRare Coin?

In Brief

  • SuperRare is a leading NFT platform, having accumulated approximately $90 million in digital art and $3 million in artist royalties to date.

COINTURK NEWS
COINTURK NEWS 2 years ago
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SuperRare is a leading NFT platform, having accumulated approximately $90 million in digital art and $3 million in artist royalties to date.

Contents
What is SuperRare (RARE)?How to Buy SuperRare Coin?

What is SuperRare (RARE)?

SuperRare originated from version 1.0, where the core team handpicked and approved artists to mint their works as SuperRare NFTs under a unified smart contract. SuperRare 2.0 revolutionized this by introducing web-scale curation, independent storefronts on the platform, and self-minting contracts for artists to mint, promote, and sell their works directly to collectors.

By embarking on this progressive decentralization journey, SuperRare transferred network ownership and governance to the community. SuperRare 2.0 operates as a DAO—a decentralized autonomous organization that oversees fundamental platform parameters, allocates funds from the Community Treasury, and votes on proposed improvements to the network and protocol.

SuperRare transitioned to version 2.0 by addressing three core issues:

  • Curation and monitoring by a single team are not conducive to a scaled art ecosystem.
  • Artists deserve as much support as possible, but a single team cannot provide this.
  • The NFT art ecosystem is fragmented, and there isn’t a good way to manage one’s entire collection.

SuperRare resolved these issues by introducing SuperRare Spaces, independent storefronts on SuperRare that can select artists, promote sales, organize auctions, and collect commissions. Each Space can launch its branded ERC-721 token and invite artists to mint NFTs with them on a one-time or ongoing basis. This allows each Space to function as its independent crypto art gallery.

Furthermore, self-governing minting contracts enable artists to deploy a dedicated NFT minting contract and uniquely tokenize and sell their art as independent artists. Therefore, artists have another option besides joining a shared contract with other artists and can establish their independent creative platforms.

How to Buy SuperRare Coin?

RARE Coin can be quickly and securely purchased via Binance, the world’s largest cryptocurrency trading platform by trading volume.

To purchase RARE Coin, you must first register on Binance and then deposit fiat currency. After sending a fiat currency like USD, you can proceed with buying RARE Coin in the Bitcoin (BTC) $77,464, Tether (USDT), BUSD, or Binance Coin (BNB) trading pairs where RARE is listed.

Additionally, users can place a purchase order at a lower price than the market value on Binance. For this, you need to use the Limit tab and enter the amount and price at which you want to buy.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 17 September, 2024 - 11:56 am 17 September, 2024 - 11:56 am
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