1. Who is the interested party for this collateral application?
2. Provide a brief high-level overview of the project, with a focus on applying collateral token.
SuperRare is a primary marketplace for high end one of one cryptoart. $88M+ in artwork has been sold on SuperRare this year and the platform has generated $11M+ in fees. On August 17th the RARE token was airdropped to the artists and collectors who contributed to the platform since the beginnning. SuperRare platform fees now go to the DAO treasury and RARE holders govern the platform. Incentives are aligned between team, investors, and the community.
3. Provide a brief history of the project.
SuperRare was founded by John Crain, Charlie Crain, and Jonathan Perkins in 2018. The team pioneered cryptoart and the first mint on SuperRare was Robbie Barrat’s AI Generated Nude Portrait #1 on April 5th, 2018. Since then the team has built the SuperRare brand as the leading brand in cryptoart and helped launch hundreds of massively successful artists including Xcopy, Hackatao and Pak.
4. Link the whitepaper, documentation portals, and source code for the system(s) that interact with the proposed collateral, and all relevant Ethereum addresses. If the system is complex, schematic(s) are especially appreciated.
5. Link any available audits of the project. Both procedural and smart contract focused audits.
6. Link to any active communities relating to your project.
7. How is the applying collateral type currently used?
RARE is a governance and curation token used to govern the SuperRare platform.
8. Does one organization bear legal responsibility for the collateral? What jurisdiction does that organization reside in?
The RareDAO Foundation currently bears legal responsibility for RARE and is a Cayman based non-profit.
9. Where does exchange for the asset occur?
Decentralized exchanges such as Uniswap v2 and v3.
10. (Optional) Has your project obtained any legal opinions or memoranda regarding the regulatory standing of the token or an explanation of the same from the perspective of any jurisdiction? If so, those materials should be provided for community review.
11. (Optional) Describe whether there are any regulatory registrations for the token and provide related documentation (including an explanation of any past or existing interactions with any regulatory authorities, regardless of jurisdiction), if applicable.
12. (Optional) List any possible oracle data sources for the proposed Collateral type.
13. (Optional) List any parties interested in taking part in liquidations for the proposed Collateral type.