Ever wonder how the incredibly successful NFT platform SuperRare became a DAO? We sat down with the co-founders and brains behind the company to learn about SuperRare's genesis four years ago and its massive growth.
getting one, and the artist Carlos Marcial Torres gaining another. Torres dedicated his to spotlighting fellow Latin American artists. Artist collectives have also begun competing for Spaces.This decentralized way of operating SuperRare, and the enormous success of the platform, with over $240 million in sales recorded to date, are the fruit of blue-sky thinking.
They launched the platform with no investment and no backers, working mostly nights and weekends with the aim of creating a place where buyers could find NFTs with a degree of“It was slow and steady growth for the first two years,” Perkins said. “The fall of 2020 was when you started to see numbers ticking up and new collectors entering the space who we didn’t personally know.”sold for a jaw-dropping $69 million at Christie’s.
As for the DAO structure, Crain said that, as a result of working in the crypto field prior to building SuperRare, there was always some element of a “decentralization ethos built into the platform.” “community treasury” that has roughly $15 million in it so far. “The idea is that the community can allocate that money as it sees fit through artist grants or other distributions,” Crain said.
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