The RARE digital currency – is the currency of the SuperRare platform, a leading NFT platform that features nearly $90 million in collected digital artworks and $3 million in artist revenues paid out so far.
SuperRare emerged from its version 1.0, where the core team selected and approved artists to mint their works on a shared smart contract like SuperRare NFTs.
SuperRare 2.0 changed that by introducing organization on the web scale, independently managing storefront interfaces on the platform, and sovereign minting contracts for artists to mint, promote, and sell their works directly to collectors.
By embarking on this path of progressive decentralization, SuperRare transformed the ownership and governance of the network to the community. SuperRare 2.0 is a DAO (Decentralized Autonomous Organization), overseeing the key parameters of the platform, allocating funds from the community treasury, and voting on proposed improvements to the network and protocol.