SuperRare

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Frequently asked questions

How much artists earn on SuperRare?

On SuperRare, artists earn a significant portion of the sales from their digital artworks. For the initial sale of an artwork, artists receive 85% of the final sale price, which is a competitive rate within the NFT marketplace ecosystem. This initial sale commission structure is designed to reward creators for their work directly and significantly.

In addition to earnings from primary sales, SuperRare has implemented a royalty system for secondary sales. Artists earn a 10% royalty on all secondary sales of their work indefinitely. This means that whenever an artwork is resold on the SuperRare platform, the original creator receives 10% of the sale price, providing them with ongoing income from their work as it appreciates in value and continues to be traded among collectors.

This model ensures that artists are not only compensated fairly for their initial creative output but also benefit from the long-term value their art generates in the digital art market.

What are the main features of SuperRare?

The main features of SuperRare are as follows:

1. NFT Marketplace: SuperRare is an NFT marketplace that focuses on curated cryptoart. It allows artists to showcase and sell their digital artworks as non-fungible tokens (NFTs).

2. Art Market: SuperRare aims to build a new art market that connects artists, collectors, and curators. It provides a platform for artists to gain recognition and monetize their digital creations, while collectors can discover and purchase unique digital artworks.

3. Community: SuperRare has a vibrant community of artists, collectors, and art enthusiasts. It offers various resources, such as a blog and magazine, to engage and educate the community about the world of cryptoart.

4. Live Auctions: SuperRare hosts live auctions where collectors can bid on and purchase exclusive digital artworks. These auctions create a sense of excitement and urgency in acquiring highly sought-after pieces.

5. Royalties: SuperRare ensures that artists receive royalties for their sold artworks. This incentivizes artists to continue creating and contributing to the platform's ecosystem.

6. RarePass: SuperRare offers a feature called RarePass, which allows collectors to access exclusive content and perks from their favorite artists. It provides a way for artists to offer additional value to their most dedicated supporters.

7. SuperRare DAO: SuperRare has a decentralized autonomous organization (DAO) called SuperRare DAO. It aims to give the community a voice in the platform's governance and decision-making processes.

8. $RARE Token: SuperRare has its native token called $RARE. The token is used for governance, voting, and participating in the SuperRare DAO. It adds an additional layer of community involvement and incentivizes active participation.

Overall, SuperRare provides a platform for artists to showcase and sell their digital artworks as NFTs, while offering collectors a curated marketplace to discover and purchase unique pieces.

What is the bug bounty program on SuperRare?

The bug bounty program on SuperRare is a program that rewards individuals who discover and report security vulnerabilities or bugs on the SuperRare platform. Participants in the program can receive monetary rewards or other incentives for identifying and reporting these issues, helping to improve the security and functionality of the platform.

How can I buy NFTs on SuperRare?

SuperRare primarily utilizes an auction system. You can browse artwork, find pieces that interest you, and participate in auctions with other collectors by placing bids.