To distinguish itself from other NFT marketplaces, SuperRare emphasizes the exclusivity of its digital artworks and only allows NFTs that are one-of-one editions to ensure their pieces are, well, “super rare.”
If your bid is successful, you should see your new NFT appear in your SuperRare account. You can resell your NFT at any time, but you will only receive 90 percent of the secondary sale. The remaining 10 percent goes to the original artist as a royalty fee.Minting NFTs on SuperRare isn’t as easy as clicking Create, selecting a JPEG and paying a gas fee.
Since SuperRare is super popular, it won’t respond to people who don’t pass this application process. If you don’t hear back within about one month, however, you can submit a new Google Form to SuperRare for review. The benefit of this rigorous screening process is that SuperRare can control the quality of NFTs allowed on its platform. From an artist’s perspective, a SuperRare listing gives a creator extra cachet in the crypto art community. SuperRare rewards its artists by baking in a 10 percent royalty fee for every secondary NFT sale as part of each NFT’s smart contract. Artists also get 85 percent of their primary NFT sale.
More recently, SuperRare has opened the door to more aspiring NFT artists and curators through its SuperRare Spaces program. According to SuperRare, these spaces function as “sovereign crypto-art galleries” where the operators control promotional activities, NFT drop schedules and fees. Because these Spaces are within the SuperRare ecosystem, however, they still have to conform to SuperRare’s standards.
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