Downsides to SuperRare include

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zihadhosenjm40
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Joined: Sat Dec 21, 2024 3:31 am

Downsides to SuperRare include

Post by zihadhosenjm40 »

Downsides to SuperRare include: a limited ability to control royalty splits, secondary royalty payout amounts are capped and your art is displayed with many any artist’s work. There is no ability at this time to create interactive NFTs. SuperRare is a closed platform so you have to be approved to mint NFTs on the platform.

Transactions are handled using ETH and SuperRare charges a 15% belgium whatsapp number data fee. Creators earn a 10% royalty on secondary sales.

4. Foundation
Foundation is a newer curated NFT platform that started in 2020. It’s built on the Ethereum Blockchain so buyers use ETH to purchase NFTs. Foundation is a closed platform with an invite-only acceptance process. To begin minting NFTs an artist must get an invite from an existing Foundation creator who’s sold at least one NFT.

Foundation is another one of the platforms that could be considered more high-end. This is due to the curated environment and invite-only process. If an artist gets accepted their work will be displayed next to other artists, many with an established presence. This can be beneficial for lesser-known artists, but it’s almost impossible to get in.

Foundation felt like an exclusive way-too-cool-kid club to me. Out of all the NFT platforms I’ve researched it left the worst taste in my mouth. Foundation is a closed platform so you have to be approved to mint NFTs on the platform. This isn’t unique but the overall vibe of invites and essentially begging other artists to be accepted is a huge turn-off. Cool is cool until it isn’t cool. Cool? There is also no ability at this time to create interactive NFTs.
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