SuperRare

Launched in 2018, SuperRare has established itself as a premier curated platform for onchain artwork, achieving over $300 million in total sales and distributing $180 million to artists. As an early advocate for ongoing artist royalties, SuperRare aims to enhance the art market by decentralizing it and improving the way art is discovered. The core of SuperRare's operations is the $RARE token, which acts as a currency within the marketplace, supports a staking-based reputation system, and provides DAO governance rights.

The governance of SuperRare is managed by holders of the $RARE token through the RareDAO. It operates on the Rare Protocol, an ecosystem dedicated to connecting the often disjointed NFT world. This setup is intended to boost the industry's potential to transform the economics of creativity through onchain advancements.

SuperRare functions as a DAO, so it lacks traditional executive leadership. Instead, it operates under a governance council of seven members, who manage the Community Treasury via a 4-of-7 multi-signature wallet.

The initial signatories for the Governance Council include:

_John Crain; CEO and Co-Founder of SuperRare Labs_

_Nick Tomaino; Founding Partner @ 1Confirmation_

_Derek Schloss; Partner @ CollabCurrency_

_Serena Tabacchi; Founder & Curator @ MoCDA_

_Simona Pop; Community Strategy @ Status_

_Pindar Van Arman; OG Artist @ SuperRare_

These signers execute decisions made through governance but don't have the authority to independently allocate treasury funds. They ensure the safety and security of the DAO's assets.

SuperRare is a curated NFT platform managed by $RARE token holders through the RareDAO. The platform seeks to decentralize the art market and enhance the discovery of onchain art pieces. SuperRare operates on the Rare Protocol, an ecosystem driven by $RARE that aims to innovate solutions to integrate the NFT sector.

There is a total of 1 billion RARE tokens. The allocation is distributed as follows:

* 150 million RARE were given as a retroactive airdrop to the initial community of artists and collectors who helped build SuperRare, available for 90 days.
* 400 million RARE are held in the Community Treasury, controlled by its holders. Initially, 25% was available, with the remainder vesting linearly over four years.
* 255 million RARE are allocated to the core contributors at SuperRare Labs, vital to the platform's development. These tokens have a three-year vesting period with a six-month cliff.
* 145 million RARE are reserved for investors who participated in previous funding rounds. These tokens follow a three-year vesting with a twelve-month cliff.
* 50 million RARE are set aside for strategic partners and future contributors to the network, with a minimum six-month vesting period upon allocation.

RARE is an ERC-20 token based on the Ethereum network. The governance is handled by a DAO using a 4/7 multi-signature wallet.

ERC-20 is the standard most new tokens adhere to when launching on Ethereum, one of the leading blockchains for DAOs like SuperRare. It operates under a proof-of-stake consensus model where validators must stake 32 Ether. Transactions are verified, and the blockchain is secured by a network of decentralized nodes.

SuperRare 2.0 went live on August 17, 2021, on UniSwapV3.

You can buy RARE on platforms like Binance, Coinbase, Kraken, Gemini, UniSwapV3, LBank, Gate.io, among others.