SuperRare is a marketplace to collect and trade unique, single-edition digital artworks. Each artwork is authentically created by an artist in the network, and tokenized as a crypto-collectible digital item that you can own and trade.
You can think of SuperRare like Instagram meets Christies. A new way to interact with art, culture, and collecting on the internet!
Yes, all transactions are made using ether, the native cryptocurrency to the Ethereum network, which powers SuperRare. Coinbase is an easy place to buy ether using a bank account if you haven’t used cryptocurrencies before.
For primary sales, there is a 15% commission (creators receive 85%). For secondary sales, creators receive a 10% commission (aka royalty), providing passive revenue from an artwork if it continues to trade on the secondary market.
For artworks with a token ID lower than 4,000, there is no transaction fee or commission on primary sales, and a 3% commission on secondary sales.
We think the ability to secure a percentage of secondary-market revenue for artists is one of the most revolutionary and exciting capabilities provided by Ethereum smart contracts. It’s analogous to a musician receiving a percentage of sales for a vinyl record issued, say, in the 1960s and still being bought and sold in used record stores today.
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