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SuperRare Releases RARE Token to Decentralize NFT Marketplace

NFT marketplace SuperRare released a “Curation Token” yesterday in order to decentralize the project. 15% of the total supply of RARE was airdropped to users of the platform.

The announcement comes after an increase in activity in the NFT area. This month has been the biggest month in history when it comes to NFT volume. For example, OpenSea has registered more than $1 billion in volume for the month to date.

SuperRare has recorded more than $900 million in NFT art sales since 2018 and is enjoying support from big names, like Velvet Sea Ventures, 1confirmation, and Mark Cuban. The platform managed to raise $9 million in a Series A this spring.

But this isn’t the first time an NFT marketplace released its own governance token, as a year ago Rarible debuted its RARI token.

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