How does SuperRare work? What's an NFT?

The basics: SuperRare, Ethereum, and NFTs

Lauren avatar
Written by Lauren
Updated over a week ago

What is SuperRare?

SuperRare is a platform to issue, collect, and trade rare digital art backed by non-fungible tokens (NFTs) on the Ethereum blockchain.

The best introduction to SuperRare is our about page - please take a few moments to read it to get the basics. We've also created this short intro video on "How to buy CryptoArt".

Every piece of art on SuperRare is a single-edition.

SuperRare is built on Ethereum, a blockchain computing platform that allows anyone to securely verify art creation and ownership. On SuperRare artworks are minted directly by the original artist from their own unique wallet address with every previous bid, sale and collector being forever recorded in the token's history on the blockchain.

Ethereum, ether, and NFTs

Our platform is built on Ethereum, a blockchain-based computing platform that allows artwork creation and ownership to be authenticated & verified.

The digital currency, or cryptocurrency, native to Ethereum is called ether, or ETH. All transactions on SuperRare use ETH.

Each user has an Ethereum account, also known as a wallet. Your wallet is where your ETH and your NFTs are stored.

When art is added to SuperRare, it is tokenized, meaning a new, unique token (the NFT) is generated by the artists that collectors can purchase. The token is linked to the artwork, and represents a permanent record of provenance and collectible ownership of the artwork.

NFTs (Non-Fungible Tokens) are a digital collectible – a digital object secured by cryptography and tracked on the blockchain. That’s just a fancy way of saying they’re provably scarce items that can be collected, and that hold value just like cryptocurrencies like ether and bitcoin.

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