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SuperRare NFT Marketplace Review The Ascent by Motley Fool

The drawback — its NFT marketplace has limited availability in the U.S. The average sale price for digital artwork on SuperRare is a little over $4,000. SuperRare still has one foot in the traditional art world and is working on bringing digital art over. For example, SuperRare partnered with Miami Art Week and even opened a physical gallery to display NFTs.

Purchasing NFTs on SuperRare is similar to buying them on other Ethereum-based NFT markets. Card stats and other card data are provided by Circulating supply shows the number of coins or tokens that have been issued so far. Market cap is calculated by multiplying the asset’s circulating supply with its current price. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. You can use Ethereum coins for your SuperRare transactions or purchase SuperRare’s in-house currency, RARE.

super rare

Super Rares have loot tables which do NOT contain loot for every spec. As such, sometimes you’ll just get a piece of loot you can’t use. People interested in operating a SuperRare Space must answer the 17 questions in the Space Proposal Template and submit their proposals on SuperRare’s official forum. SuperRare strongly recommends posting this proposal on its Discord server so community members can review it before voting.

It recently partnered with Miami Art Week to create a digital art and NFT experience. As collectors and artists grapple with how traditional art and NFTs might interact, a platform that bridges the physical and digital world may appeal. SuperRare is an art-focused NFT platform where users can trade curated NFTs from a select group of handpicked artists.

The exclusivity of its art market can also help with an artist’s reputation and status. You can start collecting moments for just a few dollars or buy rare highlights for upwards of $1 million. Users can also use a debit or credit card to make purchases, without having to buy any digital money first. The NBA Top Shot marketplace has drawn a lot of people to the world of NFTs with its mainstream appeal. The marketplace sells NFTs of historical basketball highlights, clips, art, and experiences.

The percent change in trading volume for this asset compared to 24 hours ago. The percent change in trading volume for this asset compared to 1 hour ago. Binance has the lowest transaction fee rate amongst all major trading platforms. For artists, SuperRare has a 15% commission on the first sale of an NFT. It’s also very unlikely for there to be any risk of fraud with the NFT art on SuperRare because of its intensive vetting and exclusive selection process for its artists.

More about SuperRare

Artists must be invited to publish their art on the marketplace. The platform isn’t ideal for novice digital artists, budget-conscious traders, and NFT beginners. SuperRare curates its artists and digital galleries for a luxury experience, even partnering with designers like Gucci. what is yenten Its high-end nature will price out many people who are new to NFTs, as will its 3% marketplace fee. In fact, SuperRare only trades digital art — no other type of NFT can be sold. In the past 30 days, SuperRare has seen over $187 million in trading volume and 66 traders.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk journalists are not allowed to purchase stock outright in DCG. As the name suggests, SuperRare is focused on trading rare NFTs. The platform only accepts a limited number of carefully chosen artists, and it only sells single-edition pieces. As of March 2021, the average price for a SuperRare NFT is less than $4,000 , and the platform has over 30,000 NFTs.

Key features of SuperRare

In the last 30 days, the cheapest SuperRare NFT sales were below $49, and the highest sales were for over $3167. The median price for a SuperRare NFT was $627 in the last 30 days. Ten percent of the SuperRare sales were for $32 or less, half of the sales were for less than $609 and the highest ten percent were sold for $2693 or higher. All these rare will be useless in 8 days once the season starts… Currently, SuperRare admits 10 new Spaces in two voting sessions each month.

super rare

Artists receive a 10% royalty payment for every subsequent sale. SuperRare works with three major Ethereum wallets — MetaMask, Fortmatic, and Wallet Connect. MetaMask is one of the most popular NFT wallets, and it’s compatible with many applications. There is literally nothing else to do than farm Dirt and kill rares once you completed all the renown stuff you can do without exploits and dungeons.

While we adhere to strict editorial integrity, this post may contain references to products from our partners. This bundle is sold in a limited quantity and each game will be sold individually in the coming months. Nick and the 1confirmation team have already proven to be invaluable partners. They bring to the table deep expertise in the blockchain space and a uniquely helpful perspective on myriad issues. We are excited to start the next leg of our journey with such an amazing roster of partners. After three years of building and proving this new market, we are thrilled to announce our $9 million Series A financing round from top-tier investors.

Full SuperRare review

The third is pushing the long-term sustainability of the artworks & ownership by implementing layer-2 scaling solutions — towards multi-century artwork provenance. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. You are an established artist who wants to receive royalties on all sales. The data on this site comes from various NFT marketplaces and from the NFT project creators themselves. We also source NFT community statistics directly from Twitter and Discord.

  • You are a collector looking for curated and individual pieces of art.
  • There is literally nothing else to do than farm Dirt and kill rares once you completed all the renown stuff you can do without exploits and dungeons.
  • The median price for a SuperRare NFT was $627 in the last 30 days.
  • The community has discovered that certain rares, nicknamed “Super Rares”, can drop loot all the way up to 385!

So the fact you can farm some rares daily is a good thing lol. Now we have rares to kill in every zone, every day, each with multiple desirable gear and cosmetic drops that you have to get lucky to see. The community has discovered that certain rares, nicknamed “Super Rares”, can drop loot all the way up to 385! Once you’ve linked your wallet, you can start exploring current NFT listings by clicking the Market button under the Art tab. Here, you can browse the latest NFT drops on SuperRare and narrow your search with the Artist and Artwork filters. The total dollar value of all transactions for this asset over the past 24 hours.

About SuperRare

Users do not store their assets on a centralized platform with SuperRare. But, on the other hand, you are largely responsible for the security of your assets. SuperRare’s fees are slightly higher than those of other platforms.

SuperRare NFT Market: A Beginner’s Guide

Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation. You can select any NFT that strikes your eye to learn more about the artwork and its transaction history. If there’s a Place Bid button by the NFT, you can click on it and make an offer. First, customers must link their Ethereum wallet by clicking the Sign In button on the top right of the homepage. Most people who shop on SuperRare use a MetaMask wallet, but SuperRare accepts many other Ethereum wallets via WalletConnect.

RARE Price Statistics

While this means there aren’t as many NFTs on SuperRare, it guarantees the NFTs you see here are screened for quality. Some platforms accept credit and debit card payments or allow transactions and payments on other blockchains, but SuperRare does not do this. You can buy Ethereum from any top cryptocurrency app and exchange and move it to your crypto wallet. SuperRare is an art-focused platform where people can mint, buy, sell, and showcase NFTs — also known as non-fungible tokens. It describes itself as “Instagram meets Christie’s,” and it sells digital art from a small group of handpicked artists.

SuperRare has found a niche in the market and if you’re the target audience, the platform will have a lot to offer.

There are many NFT marketplaces to choose from if SuperRare isn’t for you. Beginners may prefer a marketplace with a wider variety of price points and assets. There are also some budget-friendly marketplaces with lower fees. Gas fees are paid to the Ethereum miners who validate the transaction. SuperRare describes the gas fee as a toll fee for using the blockchain. Gas fees are dependent on how much traffic and demand the network experiences.

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