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SuperRare 2.0 Whitepaper
An evolutionary leap for artists and collectors in the decentralized web
A pioneer in the NFT space, SuperRare has grown into the premier NFT art platform, with $200M+ of art collected and $5M+ in artist & collector royalties paid to date.
While highly impactful for thousands of early artists, collectors and community members, SuperRare’s success thus far is minuscule compared to how large the internet art market will become over the next 10 years.
In order to scale up and take advantage of the true power of web3, SuperRare is embarking on a path of progressive decentralization – shifting ownership and governance of the network to our community.
Scaling up requires rethinking our approach to three fundamental areas of the platform:
- The tools available to artists, collectors and curators
- Where value accrues in the network
- Decentralized curation
This paper introduces significant changes in all three of these areas. Collectively, we're calling these changes SuperRare 2.0. The future of art begins today.
Historically, value from fees and commissions on the platform have gone to the core team to fund ongoing operations and continued growth. In SuperRare 2.0, all fees will go directly to a new community treasury controlled by the SuperRare DAO.
On the product side SuperRare 2.0 introduces the concept of Spaces, independently-run gallery storefronts, to foster a diverse ecosystem of curatorial voices and help artists receive as much promotion and sales support as they feel is necessary. SuperRare 2.0 also supports a multi-contract architecture in order to double down on our belief that artists should be sovereign actors in charge of their own destinies.
Curation will begin progressively transitioning to our community of artists, collectors, and curators via a new SuperRare curation token, $RARE. This is the beginning of the SuperRare DAO.
This paper serves as the basis for our thinking around SuperRare 2.0. Certain aspects will be introduced and evolve over time, but we hope these details can provide clear guidance around our commitment to the power of self-organizing communities.