What is SuperRare currency
SuperRare Currency: Unleashing the Power of Authentic Digital Art
Introduction:
In the realm of digital art, SuperRare has emerged as a pioneering platform, offering artists and collectors a unique ecosystem to create, buy, sell, and trade digital art. Integral to this ecosystem is the SuperRare currency, a vital component that fuels the vibrant market and fosters the growth of the digital art community. So, what exactly is SuperRare currency?
Defining SuperRare Currency:
SuperRare currency is an Ethereum-based cryptocurrency known as ERC-20 tokens. It serves as the primary medium for all transactions within the SuperRare marketplace, enabling users to securely buy, sell, and trade digital artworks.
Significance of SuperRare Currency:
a. Ensuring Authenticity: SuperRare currency is crucial for ensuring the authenticity of digital art on the platform. Each artwork registered on SuperRare's blockchain is assigned a unique Non-Fungible Token (NFT), representing its undeniable proof of ownership. These tokens can only be bought and sold using SuperRare currency.
b. Promoting Scarcity: SuperRare currency contributes to the concept of scarcity within the platform, as each artwork is often minted in limited editions. This scarcity makes the artworks more valuable, encouraging collectors to trade exclusively with SuperRare currency.
Obtaining SuperRare Currency:
To participate on the SuperRare marketplace, users need to acquire SuperRare currency. You can obtain SuperRare currency by purchasing it directly through the platform using ETH (Ethereum) or by trading with other users on authorized exchanges.
Transacting with SuperRare Currency:
a. Buying Artworks: Collating a diverse range of unique digital creations, the SuperRare marketplace allows users to purchase these artworks directly using SuperRare currency. With just a few clicks, collectors can own a rare and authentic piece of digital art.
b. Artist Royalties and Resales: One of the remarkable features of SuperRare currency is the Artist Royalty Program. Every time an artwork is resold on the platform's secondary market, a portion of the sale value goes directly to the original artist in the form of SuperRare currency. This incentivizes artists while establishing a sustainable income stream for their creative endeavors.
Storing SuperRare Currency:
SuperRare currency is typically stored in digital wallets that support Ethereum-based tokens such as MetaMask, MyEtherWallet, and Trust Wallet. These wallets ensure secure storage and safe transactions, allowing users to maintain full control over their SuperRare currency.
Conclusion:
SuperRare currency acts as the lifeblood of the SuperRare digital art ecosystem, enabling artists, collectors, and enthusiasts to engage, trade, and appreciate the beauty of authentic digital art. With undeniable proof of ownership and an emphasis on scarcity, SuperRare currency propels the burgeoning world of digital art into new horizons, inviting all to grasp the transformative power of this unique medium.