Question 1

What is it?

Accepted Answer

SuperRare's RARE token is a native governance token on the SuperRare platform. This token offers its holders the ability to participate in the platform's governance decisions, influence future developments, and play a role in shaping the direction of the SuperRare ecosystem. RARE is an ERC-20 token, which means it is built on the Ethereum blockchain and can be stored in Ethereum-compatible wallets.

SuperRare is a social platform that empowers digital artists and collectors to create, sell, and collect rare digital art, commonly termed as "crypto art". Built on the Ethereum blockchain, SuperRare allows artists to tokenize their artwork, ensuring its rarity and authenticity. Each artwork minted on SuperRare is unique, providing a transparent record of ownership and provenance. The platform has gained recognition as one of the leading platforms for high-quality digital art in the cryptocurrency and NFT (non-fungible token) space.

Question 2

What is it used for?

Accepted Answer

RARE tokens are primarily used for governance on the SuperRare platform. Token holders can propose, discuss, and vote on various platform-related decisions, such as updates, new features, or community initiatives. Additionally, some platform features or services might require payment or staking in RARE tokens, further integrating the token's utility into the ecosystem.

Question 3

Who's behind SuperRare (RARE)?

Accepted Answer

SuperRare was founded by John Crain,  Charles Crain, and Jonathan Perkins. John Crain has a background in blockchain technology and digital art.