DeFi is having a year, but NFTs (non-fungible tokens) are also growing in popularity. NFTs have especially grown in the digital art niche.
SuperRare – a leading digital art marketplace – started 2020 with $344,000 in platform sales volume which has quadrupled to over $1.6m.
SuperRare – a leading digital art marketplace – started 2020 with $344,000 in platform sales volume which has quadrupled to over $1.6m.
NFTs present a useful mechanism for preserving the scarcity and verifiability of rare artworks. However, there is an even stronger value proposition provided SuperRare’s tokenized artwork – royalty fees.
For primary sales, there is a 15% commission and creators receive 85%. More importantly, SuperRare is appealing to artists because creators receive a 3% commission for all secondary sales.
SuperRare's royalty fee feature allows artists to capitalize on their growth over time.
SuperRare's royalty fee feature allows artists to capitalize on their growth over time.
SuperRare collectors from 178 countries have earned over $350k in secondary sales demonstrating a vibrant post-auction market.
Read the full piece for stats regarding artists, collectors, and SuperRare’s growing two-sided art marketplace: messari.io/article/the-cu…
Read the full piece for stats regarding artists, collectors, and SuperRare’s growing two-sided art marketplace: messari.io/article/the-cu…
Small correction: SuperRare's royalty fee is *10% for artists* and not 3% as originally stated. Welcome to a future with fewer starving artists.
