SuperRare Price

SuperRare (RARE) is a cryptocurrency that powers the SuperRare platform, a premier marketplace for buying and selling unique digital artworks as NFTs. Currently ranked #691 with a price of $0.04875, SuperRare has seen a +1.56% change in the last 24 hours. As the governance token of the SuperRare ecosystem, RARE allows holders to participate in decision-making processes through the SuperRare DAO. The token facilitates transactions within the platform's NFT marketplace, which specializes in high-quality digital art. With a circulating supply of 819.21M RARE out of a maximum supply of 1B RARE, SuperRare has a market capitalization of $39.93M. The 24-hour trading volume stands at $1.18M, with prices ranging between $0.04779 and $0.04984 during this period. SuperRare operates on the Ethereum blockchain and was launched in August 2021, positioning itself at the intersection of cryptocurrency, digital art, and decentralized governance.

SuperRare was created on August 17, 2021, when it was officially launched on the Ethereum blockchain. The token serves as the native cryptocurrency for the SuperRare NFT marketplace, which was founded in 2018. SuperRare functions as a governance token for the RareDAO, allowing holders to participate in decision-making processes that shape the platform's future. With a maximum supply of 1B RARE, SuperRare plays a crucial role in the SuperRare ecosystem, facilitating transactions, staking, and governance within this curated NFT marketplace.

SuperRare was founded by John Crain, Charles Crain, and Jonathan Perkins in 2018. These three entrepreneurs established SuperRare as a curated marketplace for blockchain-based digital art and NFTs. The founding team's vision was to create a platform that would revolutionize the digital art market by enabling artists to sell their work directly to collectors while earning royalties on secondary sales. Their leadership has helped position SuperRare as a significant player in the NFT art marketplace ecosystem, with the platform now governed by the RareDAO through the RARE token.

SuperRare (RARE) works as the governance token for the SuperRare NFT marketplace on the Ethereum blockchain. Token holders can participate in platform governance through the SuperRare DAO, voting on key decisions like curation strategies, fee structures, and platform upgrades. With a current price of $0.04875 and a market cap of $39.93M, RARE enables users to have a direct say in the platform's development. The token has a maximum supply of 1B RARE with 819.21M RARE currently in circulation. RARE also provides utility within the SuperRare ecosystem, including potential staking rewards and exclusive access to certain platform features. The token's value is tied to the growth and adoption of the SuperRare marketplace, which specializes in unique digital art NFTs.

SuperRare operates on the Ethereum blockchain as an ERC-20 token, leveraging Ethereum's robust security and smart contract functionality. The technical architecture of RARE is designed specifically for the NFT marketplace ecosystem, featuring: 1. Smart contract infrastructure that enables secure minting, trading, and ownership verification of digital art NFTs 2. On-chain governance mechanisms allowing RARE token holders to participate in protocol decisions 3. ERC-20 compatibility ensuring wide wallet and exchange support 4. Gas optimization features to reduce transaction costs on the Ethereum network With a maximum supply of 1B RARE tokens and 819.21M RARE currently in circulation, SuperRare's architecture supports its marketplace operations while providing liquidity for its ecosystem participants. The token's technical design prioritizes security, scalability, and interoperability within the broader Ethereum ecosystem.

SuperRare has a promising future with several key developments on its roadmap. As an NFT marketplace token on Ethereum, RARE aims to expand its ecosystem by 2025-2026. The team plans to enhance the platform's governance features, allowing RARE holders greater voting power in protocol decisions. The roadmap includes integrating with more blockchains beyond Ethereum, implementing layer-2 solutions to reduce gas fees, and launching new creator tools. With a current price of $0.04875 and market cap of $39.93M, RARE is positioned to grow alongside the NFT market. By 2027, SuperRare plans to introduce staking mechanisms and additional utility for token holders. The maximum supply is capped at 1B RARE, with 819.21M RARE currently in circulation, creating potential scarcity value as adoption increases.