SuperRare
Crypto Overview
Purpose and Utility
SuperRare is a curated NFT marketplace and social platform focused on digital art. The RARE token serves as a governance token for the SuperRare DAO, allowing holders to participate in platform decisions and curation. Token holders can vote on platform upgrades, artist selections, and fee structures.
Business Model Assessment
The platform facilitates the sale of digital artwork through NFTs, with artists receiving royalties from both primary and secondary sales. The business model is transparent and straightforward, focusing on legitimate art trading and community governance. There are no inherent interest-bearing mechanisms or gambling elements in the core protocol.
Real-World Adoption
SuperRare has established itself as a prominent player in the NFT art space, with over $240M in total trading volume. The platform maintains a curated approach, working with selected artists and galleries to maintain quality standards.
Platform Development
The project shows consistent development activity, with regular updates to the platform and marketplace features. The SuperRare DAO actively participates in platform governance, with multiple successful proposals implemented.
Token Distribution
The initial token distribution allocated 40% to the community treasury, 30% to the team and advisors (with 4-year vesting), and 30% to early investors and strategic partners. Vesting schedules are transparent and publicly documented.
Crypto Impact
To assign a comfort level investing in SuperRare from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SuperRare.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.