A new art-centric crypto asset is soaring after its surprise addition to global crypto exchange Binance.
The non-fungible token (NFT) marketplace SuperRare (RARE) jumped from $1.35 to $3.64 – a 169% price increase – after the announcement. The altcoin currently sits at $2.51.
The protocol features three primary components: SuperRare Spaces, which are community-vetted galleries, the SuperRare DAO which routes fees and commissions, and sovereign minting contracts where independent artists can mint their own tokens.
According to the Binance announcement,
“SuperRare is an NFT marketplace to collect and trade unique, single-edition digital artworks. Each artwork is authentically created by an artist in the network, and tokenized as a crypto-collectible digital item that you can own and trade.
RARE is the governance token of the