SuperRare.co breaks $2Million in Sales of Tokenized Crypto Art

According to SuperRare.co, over $2 Million USD worth of Crypto Art has sold in their Ether based platform.

SuperRare is a digital art auction house, tokenizing digital art and selling it on behalf of artists from all over the world. The artworks range from abstract to outright bizarre. Some of the most creative artists can fetch tens of thousands of dollars worth of Ether.

The biggest #CryptoArt spenders can be arranged by total purchases.

Some collectors have spent upwards of $16,000+ on a single piece of crypto art, listed on SuperRare.co

To-Date $2,077,764 has been spent on #CryptoArt on SuperRare 💎

$1,573,518 earned by artists

$504,246 earned by collectors

Where will we be in 30 days? 60? 1 year? 🤯#DontSleepOnCryptoArt pic.twitter.com/fph6lP8eii

— SuperRare 💎 (@SuperRare_co) August 18, 2020

Collectors can earn revenue, or so called “dividends” for having owned art in the past.

Crypto art buyers are incentivized to trade the art by the possibility of earning “dividends” that vary based on the price of purchase and the amount it re-sold for.

Each collector has a “collection” page, where their purchased crypto art is proudly displayed. A careful ownership record is kept in public view, along with the prices paid and creator.

As DeFi becomes more mainstream, projects like SuperRare.co stand to become market-defining leaders.