What currency does SuperRare use?

On SuperRare, all transactions are facilitated using ETH or other Ethereum blockchain-backed currencies. This setup ensures the security and transparency of each transaction, as the blockchain's distributed ledger technology records every event, making it difficult to manipulate or alter data.

Ether (ETH) is a prominent digital currency within the realm of cryptocurrency, sharing similarities with Bitcoin (BTC) in its decentralized and secure nature. However, unlike BTC, ETH is native to the Ethereum network blockchain, a platform that enables smart contract functionality and the development of decentralized applications (dApps).

The Ethereum blockchain's versatility has made it a popular choice for numerous projects and transactions, including those conducted on the SuperRare platform. SuperRare is a marketplace for digital art and collectibles, where creators can sell their work directly to buyers, fostering a community centered around digital art appreciation.

Among the currencies accepted on SuperRare, $RARE stands out as the platform's governance coin. $RARE not only acts as a medium of exchange but also plays a crucial role in shaping the future of SuperRare, allowing holders to participate in decision-making processes that affect the platform's development and direction.

The integration of ETH and other Ethereum blockchain-based currencies within SuperRare underscores the significance of blockchain technology in transforming the art world. By leveraging the unique features of the Ethereum blockchain, SuperRare creates a secure, transparent, and decentralized ecosystem where artists can showcase and monetize their work, while collectors can discover and acquire rare digital art pieces.