NFT Marketplace Super Rare, Mark Cuban, and other famous investors raised $9 million
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March 31, 2021Super Rare, a non-replaceable token (NFT) marketplace, was found to have raised 9 million dollars (about 10.2 billion won) from famous investors. This financing becomes Series A. Coinpost reported this on the 31st.
This investment was led by TechVC’s Velvet Sea and 1 confirmation, with famous investors Mark Cuban, Chamas Palyhapitiya, and Salesforce CEO, also participating.
Currently, the most used NFT platforms (24 hours trading volume) are NBA Top Shot (about 7.2 billion won) and Open Sea (about 5.2 billion won). Super Rare doesn’t make it to the top 15 in terms of total trade.
Meanwhile, Super Rare revealed that NFT artists are recording monthly average sales of about 27.6 billion won. Although its share in the NFT market is still relatively small, DapperRader data shows that the number of users in the past 24 hours is 168, ranking 7th. Rarible, the number one, has a scale of 3,000 users.
The difference between Super Rare’s Open Sea and Rarible is that the number of NFTs sold is 1:1. Rarible and others often sell multiple NFT tokens even for one work, but Super Rare only has one token.
In addition, Super Rare is a business launched in 2017. In this announcement, “the crypto art market has reached a scale of over $400 million (about KRW 4528 billion) in the last three years only.” It will be used to improve customized feeds and develop areas such as VR.”
Recently, popular artist Beeple’s work was sold at a large price at the renowned auction house Christiz, and world-renowned contemporary artist Takashi Murakami exhibited her work for the first time in the Open Sea. It is attracting great attention.
(NFT (Non-Generational Traits) Marquette Preis No SuperRare, 10 years ago, and a series of times.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
