Super rare is a decentralized digital art marketplace on the Ethereum blockchain. It features curated NFT art, allowing artists to mint and sell unique digital assets. The platform uses the $RARE token, which enables governance and curation participation among community members, ensuring that artists and collectors have a voice in shaping the platform's future.
How is SuperRare used?
SuperRare (RARE) is a governance token that enables community members to participate in the decision-making process for the future of SuperRare, a platform for digital art backed by non-fungible tokens (NFTs) on the Ethereum blockchain. Here's how it is used:
Governance: Holders of #RARE can vote on proposals, known as SuperRare Network Improvement Proposals (SIPs), to guide the evolution of the platform. This includes decisions on where value accrues in the network, control of curation and key market parameters, and the tools available to artists, collectors, and curators.
Curation: Rare is used for voting on Spaces, which are environments within the SuperRare ecosystem where artists and collectors can interact and organize exhibitions. This allows community members to have an active role in SuperRare's path towards decentralized curation.
Participation: #RARE holders can participate in the broader decision-making process for the future of SuperRare, ensuring that the community has a voice in shaping the platform's direction.
Overall, Rare is a key tool in SuperRare's transition to a decentralized autonomous organization (DAO), where power is distributed amongst the community to ensure a more democratic and community-driven platform.
