When NFTs first appeared in 2017, only about 100 were sold on a weekly basis. Today, there are as many as 15,000 or more NFTs changing hands each week.
And these sales are taking place across dozens of different NFT platforms. While most people stick to OpenSea when buying, selling, or minting their own NFTs, they miss out on some of the rarest NFTs, and the most dedicated NFT communities.
If you want to find a true gem, you'll likely need to check out the Rarible and SuperRare NFT platforms. Each offers unique benefits to collectors and artists alike. Rarible vs SuperRare: which platform should you use?
Read on below to see how these marketplaces compare to each other, and which is better for buyers, sellers, and minters.
The Rarible NFT marketplace was built for artists first. Artists will find it easy to mint their own NFTs on the platform, set their desired royalties, and sell to a dedicated and loyal audience of collectors.
Alex Salnikov and Alexei Falin founded Rarible in Moscow, Russia. In 2020, the company received venture capital investments from a VC firm called CoinFund.
The marketplace is multi-chain compatible, featuring NFTs minted on Ethereum, Flow, and Tezos.
The Rarible platform is one of the largest in the industry, with 1.6 million users, 405,000 NFTs minted, and $274 million in trading volume, as of December 2021.
Buying NFTs on Rarible is as simple as any other marketplace. Most users will keep ETH in their browser wallet, such as Metamask, and make a purchase directly from their crypto wallet.
You can also buy NFTs on Rarible using a credit card. If an item is selling for a fixed price, you can buy it just like you'd purchase any other product online, though there are a few extra fees for doing so. You'll also need to complete some KYC the first time you use a credit card.
Rarible also makes it simple to confirm the legitimacy of artists and creators. Those who have had their identities verified by the Rarible team will show a yellow check mark on their profile, ensuring you don't buy from a scammer.
Rarible makes it super easy for artists to mint NFTs on the platform and share them with the world in just a few minutes.
You can create individual, one-of-a-kind NFTs, or create multiple editions of a particular NFT. You can set a buy-now price, or host an auction.
As a creator, you can decide how much you'd like to earn in royalties on future sales of your work. Each time your work sells on the secondary market, you'll automatically receive a royalty payment, which can be as low as 1% or as much as 20% or higher if you choose.
And while you do need to pay gas fees in order to mint an NFT, you can choose to mint your NFT at a time when gas fees are lower. Or, you can use the free minting option, where the buyer covers the gas fees, rather than you.
When minting for free, your NFT becomes part of the "Rarible" collection, rather than your personal collection.
Most of the sales volume taking place on Rarible is in the form of secondary sales. However, there are a number of artists and brands who are launching their work on Rarible from day one.
Twitter recently launched a collection of 140 NFTs on Rarible. Public figures like Lindsay Lohan and Floyd Mayweather Jr. have done so as well. And well-known digital artists such as Aavegotchi, The Watcher, and Pak (the artist who convinced Beeple to start doing NFTs) have entrusted Rarible as their NFT minting platform of choice.
Today, Rarible features NFTs from many well-known projects, such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Doodles, Creature, CloneX, Ethereum Naming Service (ENS), and many of the other most valuable NFT collections.
You can sell any NFT built on Ethereum, Tezos, or Flow on the platform, regardless of where it was originally minted or purchased.
RARI operates as a decentralized autonomous organization (DAO), rather than a traditional company. That means that smart contracts and the community at large, rather than a team of employees (though there is still a paid team at Rarible) govern the organization.
Rarible launched its own governance token, RARI, in 2021. The goal of the platform is to ultimately see the DAO, and its most dedicated users, govern the future of the platform.
Token holders will get to vote on decisions that affect the functionality and future of the platform. They can also submit proposals if they have ideas that would benefit the platform and the community.
25 million RARI tokens were initially released, with 60% going to users of the Rarible platform. 30% went to the founding team and early investors, and 10% went to the wider crypto community, to encourage additional interaction with the platform.
You can buy RARI tokens on centralized exchanges, such as Coinbase, Kraken, or Crypto.com. You can also get RARI on decentralized exchanges (DEXs) such as UniSwap or SushiSwap.
SuperRare launched in 2018 and has since generated millions of dollars in revenue for artists.
But it isn't a wide-open NFT marketplace like Rarible is. Rather than letting anyone mint and sell NFTs on the platform, SuperRare functions more like an art gallery.
And if you aren't familiar with traditional art galleries, they work on an invite-only system. That means only certain artists can mint or sell their work on SuperRare.
TIME Magazine used SuperRare to launch a limited run of three NFTs. Each featured the cover of a TIME Magazine, but rather than an image, there were just three words.
SuperRare has also facilitated some of the most expensive NFT sales to date.
XCOPY is a digital artist who has sold a few NFTs on SuperRare for over $3 million each. Musical artist Don Diablo sold an NFT for $2 million, which was an hour-long audio-visual experience, that came with a physical copy as well.
As of December 2021, over 28,000 works of art were listed for sale on the platform.
As a buyer, you can only purchase NFTs using cryptocurrency stored in your browser wallet. No credit cards are accepted.
There is a flat 3% platform fee that buyers pay on all purchases. This is on top of any gas fees you may need to pay.
Because SuperRare functions more like an art gallery, you aren't going to find thousands of NFTs from the same artist. You won't find cute PFP's. Each piece is a true work of art.
While they make tons of sales each month, the SuperRare team only onboard a handful of new artists at a time. If you are interested in listing your art for sale on SuperRare, you have to submit an artist profile. This profile includes snippets of your best work, your portfolio as a whole, and an application video.
Hopefully, in the near future, SuperRare will be able to handle a greater influx of new artists. But for now, it means that each artist accepted to use the platform is exceptional and will be exposed to some of the most enthusiastic NFT art collectors on the planet.
If you're invited to mint and sell NFTs on the platform, you'll earn 85% of an artwork's initial sale price. A 15% commission is paid to SuperRare.
On all secondary sales, artists earn a 10% royalty. Artists cannot set their own royalties.
Rarible vs SuperRare: which platform should you go with? Both are unique NFT marketplaces, each with its own community and niche.
Rarible is the most flexible, allowing anyone to buy, mint, and sell NFTs on the platform. As an artist, you don't have to be well-known and well-established before you can sell on the platform. You can mint NFTs at any time.
You have more control over the minting process, letting you set your own royalty preferences.
Rarible is also a wide-open secondary market, much like OpenSea, the king of NFT marketplaces. Anyone can bring their NFTs to Rarible and list them for sale. That's why you see many notable projects on the platform, like BAYC and Doodles.
Buyers who want exposure to anything and everything will appreciate Rarible. Whether they like to collect valuable NFTs or flip them for quick profits, Rarible is an easy-to-use platform that allows everyone to use it.
SuperRare is a bit more exclusive. They don't sell every type of NFT. They have a strict focus on high-quality, digital art. No profile pictures or cute characters to use in the metaverse.
Buyers on SuperRare are more akin to art collectors than traders or metaverse junkies.
Selling our artwork on SuperRare is very difficult, and only a fraction of the artists that apply are accepted. But that means that the limited network of artists is exposed to a large, enthusiastic group of collectors, increasing their chances of making sales and earning income.
Rarible vs SuperRare: which platform is best? They are so different, that it's like comparing apples to oranges. Each serves its own niche and supports its own community.
From the buyer's perspective, it makes sense to use both platforms, depending on what type of NFT you are looking to buy. As a seller, you can use Rarible, but likely won't even be approved to use SuperRare. At least, this year anyway.