Overview

SuperRare is a premium, curated NFT marketplace focused on single-edition digital artworks. Our analysis reveals strong royalty enforcement at 10% for creators, but significant concerns around the high 15% platform commission on primary sales, strict curation barriers, and standard liability limitations that impact creator rights.

Key Concerns

  • 15% Primary Sale Commission: SuperRare takes 15% of primary sales - significantly higher than competitors like OpenSea (2.5%).
  • Strict Curation: Highly selective application process excludes many artists from the platform.
  • Ethereum Only: Limited to Ethereum mainnet, meaning high gas fees for minting and transactions.
  • RARE Token Complexity: Governance token adds complexity and potential regulatory uncertainty.
  • Standard Liability Disclaimers: Platform disclaims responsibility for market conditions and smart contract issues.
  • Mandatory Arbitration: All disputes must go through binding arbitration.

Positive Aspects

  • Enforced 10% Creator Royalties: All secondary sales include mandatory 10% royalty payments to creators.
  • Premium Positioning: Curated marketplace can command higher prices for accepted artists.
  • Single-Edition Focus: 1/1 artwork focus maintains scarcity and value for collectors.
  • Community Governance: RARE token allows participation in platform decisions.

Data Collection Summary

SuperRare collects wallet addresses, artist identity information (for curation), transaction history, social media connections, and engagement data. Artists undergo verification which requires additional personal information. Data is used for curation, fraud prevention, and community features.