Gm Good Contributors!
You may have heard that this month, Ringers #879 (The Goose) by Dmitri Cherniak sold for $6.2 million at a Sotheby's auction.
This event will be studied in schools in the future. Schools that may possibly be DAOs.
But let's not digress.
Today, I'll explore SuperRare DAO and its role in boosting artists' performances through decentralization.
(Read until the end for a surprise 🎁🤫)
DAOs Market Brief 📈
SuperRare 2.0 🎨
SuperRare, a pioneer in the NFT space, has grown into the premier NFT art platform, with $200M+ of art collected and $5M+ in artist & collector royalties paid to date.
But SuperRare's current success is small compared to the future growth of the digital art market.
In order to scale up and take advantage of the true power of web3, SuperRare is embarking on a path of progressive decentralization.
In a transformative move, SuperRare has redirected fees to a community treasury under the governance of the SuperRare DAO, signifying the initial phase of the DAO's establishment.
Here you can see the SuperRare 2.0 White Paper.
SuperRare DAO
SuperRare DAO, acording to DeepDAO, currently boasts the highest treasury among art DAOs, with an impressive value exceeding $35 million.
The SuperRare DAO allows members to curate the platform, control marketplace parameters, and contribute to an art project.
Its treasury is funded by marketplace fees, and the $RARE token grants participation.
Three ways to earn $RARE tokens are curation, governance, and liquidity provision, fostering decentralization.
Actors / Stakeholders
There are several key actors who play a crucial role within the DAO.
SuperRare Labs
Artists
Space Operators
Community Editors
$RARE Shepherds
Governance Council
A 7-person governance council controls the SuperRare DAO Community Treasury via a 4-of-7 multi-sig wallet.
The current members of the Governance Council are:
John Crain; CEO and Co-Founder SuperRare Labs
Nick Tomaino; Founding Partner 1Confirmation
Fanny Lakoubay; Collector & Advisor LAL Art Advisory
Serena Tabacchi; Founder & Curator MoCDA
Simona Pop; Community Strategy Status
Pindar Van Arman; OG Artist SuperRare
Charles Crain; CTO and Co-Founder SuperRare Labs
Council signers execute decisions made through governance but cannot independently allocate treasury funds. Although the initial Council members were pre-selected, $RARE holders have the power to replace them through governance.
The Governance Council serves as an intermediary towards full decentralization, similar to APE Coin's structure.
How Can You Contribute to SuperRare DAO?
Unlock a world of possibilities by taking part in numerous activities within SuperRare DAO.
Here are some ways you can begin your journey.
Beyond the Marketplace
Aside from platform fees, SuperRare DAO is exploring new avenues:
The Power of Unity 👥
In today's headline, I suggest that artists don't succeed because they're not part of a DAO. I know. This statement may be somewhat daring.
Of course, there are highly successful artists like Slime Sunday, who has earned over $14M by selling NFTs and whom I have had the honor of interviewing him. (Read here)
But most NFT artists earn less than minimum wage, which is a sad truth.
That's why collaboration is vital, not only among artists but also across diverse backgrounds.
You might be familiar with the saying: "If you want to go fast, go alone; if you want to go far, go together."
This highlights the strength of DAOs: the power of unity.
Listen 🗣
This week I highly recommend Valko's podcast, Trad Art over NFTs?. Valko, a prominent cryptopunk holder, has launched V3 Collective, an entrepreneurial community, of which I am a proud member.
Giveaway ❗ 🎁
🎉 Don't miss out on this incredible opportunity! 🎉
I'm thrilled to announce an exclusive giveaway that will surely leave you in awe.
Brace yourself as we present to you the captivating virtual gallery created by none other than TaurosDAO! And the best part? You can get your hands on it completely FREE!
Here's how to participate and claim your chance to win this extraordinary giveaway:
1️⃣Subscribe to The Good Contributor
2️⃣Share this post
3️⃣Leave your wallet and your twitter on the comments ⬇
Winner announced on July 15th. Stay tuned! Best of luck to all participants!
Wallet: masis.eth Twitter: @masisus
Thanks KAF, great newsletter as always. 💙