Do you want to learn about SuperRare and trading Non-Fungible Tokens? We have a review of SuperRare that explains everything you need to know, like it costs to trade, and their pros and cons. Keep reading to decide if SuperRare is the right place for you to trade NFTs. Let’s get started!
SuperRare At a Glance
| Blockchain | Ethereum |
| Types of NFT | Art |
| Fees | 3% |
| Services | Buying and selling |
| Wallet | MetaMask, Fortmatic, and Wallet Connect |
| Payment Method | Ethereum Only |
| Platform | macOS, PC, iOS, android |
SuperRare is an amazing NFT platform that is the best fit for serious art lovers of rare digital art. This platform is built on the Ethereum network.
Pros and Cons | SuperRare
| Pros | Cons |
| Unique and high-quality digital art NFTs. | Commissions are high. |
| Small but active community. | Expensive NFTs. |
| A perfect blend of digital and traditional art galleries. | Artists have a hard time getting noticed and listed. |
| Simple and easy to use. | Only accepts ETH as payment method. |
| High royalties on sales. | Not for beginners |
| Curated list of artists |
Top Perks of SuperRare
Here’s the top perks that you need to know about the platform. Let’s have a look!
Curated List of Artists
SuperRare focuses on special digital art that is unique and special. They don’t deal with many other types of digital things. They carefully choose artists who can create these special digital art pieces on their platform.
Partners with Traditional Art World
SuperRare is an incredible place where artists share their art online. Now they’re doing something exciting. They’re teaming up with Miami Art Week to make a new experience. So, Lots of people might find this really cool.
Royalty Payments
Artists get a 10% payment every time when their artwork is sold, except for the first sale where they get 85%. This money is automatically included in each digital art token through smart contracts. So, artists can keep earning from their work regularly. SuperRare also has a system where collectors receive royalties.
Fees
SuperRare fee is slightly higher than other platforms. It takes a lower commission than a traditional gallery. Here are the fees overview:
- Gallery receives 15% commission on first sale
- Buyer pay a 3% fee on all purchases
- Artists receives a 10% royalty payment for every subsequent sale
- Ethereum Gas Fee apply on each transaction
Payment Methods
SuperRare only accepts the Ethereum payment method. While other platforms accept credit and debit card Payments or allow transactions and payments on other blockchains. But SuperRare is not like this. You can buy Ethereum from any top cryptocurrency app and Exchange to move it to your crypto wallet.