SuperRare is an Ethereum-based NFT marketplace specializing exclusively in rare digital artwork NFTs.

Talk about NFT enthusiasts, and the first thing that comes to mind is crypto gamers decorating their NFT avatars or degens obsessed with pixelated, sometimes controversial, art. Few people would immediately link NFTs with fine art during such a conversation. Yet, hidden somewhere in the NFT quarters of the 

 (ETH) blockchain, there’s a welcoming retreat for true digital fine art connoisseurs. Meet SuperRare (RARE) 

 an Ethereum-based NFT marketplace focused on refined and exclusive digital artwork. While most other 

 from gaming assets and avatars to entry tickets and more 

 SuperRare specializes only in fine art NFTs.

The art that finds its spot on the digital shelves of this marketplace isn't trivial or common: true to its name, SuperRare only features rare artwork. In order to be accepted as a creator on the platform, artists must submit an application form and be selected. 

Nevertheless, while some might find the concept of SuperRare a touch too elitist, many others 

 particularly true crypto fine art aficionados 

 will welcome a rare platform that caters exclusively to their tastes.

 is an Ethereum-based NFT marketplace that specializes exclusively in digital artwork NFTs. 

In order to list NFTs on the platform, creators need to submit an application form and be selected by the project team reviewing their samples. One key requirement for NFTs approved by the platform is uniqueness. Using the curated selection process, SuperRare maintains high standards and exclusivity for its marketplace. The platform positions itself as an upmarket provider specializing in quality and rare digital art.

You won't find gaming, web3 domain, membership pass or other types of NFTs on SuperRare. The platform caters only to those interested in artwork-based NFT assets. Contemporary and abstract art–based digital paintings are typically the pieces regularly listed on its marketplace.

SuperRare was launched on Ethereum in April 2018 by SuperRare Labs, a startup founded by three early NFT enthusiasts 

 brothers John Crain and Charles Crain, along with Jonathan Perkins. In August 2021, SuperRare introduced its native token, RARE, designed to promote decentralization and community-driven 

Starting as a creator on SuperRare isn't as easy as on the majority of other NFT marketplaces. To be accepted, creators need to fill out the 

. Successful applicants are contacted and invited to list their work on the marketplace. Part of the selection process requires artists to submit three to five artwork pieces that are used to evaluate their talents, as well as the fit of their creations to the overall spirit and purpose of the platform. Thus, degen-style pixelated monkeys are probably not the surest way to qualify as a SuperRare creator — but who knows?

Those whose work is accepted can then prepare and list their artworks on the marketplace. Each piece of artwork has a size limit of 250 MB, with acceptable file formats of PNG, JPEG, GIF, MP4 and GLB. Tokenizing and selling physical artwork on SuperRare isn't possible, as the platform only supports digital art pieces. The actual artwork is stored on the InterPlanetary File System (IPFS) platform, while the NFTs reside directly on the Ethereum blockchain.

Upon the first sale of an NFT, known as a mint sale or primary sale, the creator receives 85% of the price, with the remaining 15% going to the 

 Community Treasury, a decentralized fund aimed at promoting the platform's decentralization and community development. Any sales of items after their primary sales are classified as secondary sales, for which the seller receives 90% of the price paid, with the remaining 10% going to the original creator as a royalty.

Buying and Collecting Digital Art on SuperRare

Lovers of digital fine art can purchase SuperRare NFTs via three main modes 

 Auctions, Offers and Buy Now. Auctions are further divided into Reserve Auctions and Scheduled Auctions. The mode under which an NFT is listed is determined by its creator.

 features an initial reserve price. When a bidder meets the price, a 24-hour countdown kicks in to allow other buyers to place their competing bids. Meanwhile, a 

 features preset start and end times and an optional starting price. Each auction ends at the specified time, regardless of whether any bids meet the starting price.

 sales, prospective buyers simply contact the creator and offer their price. 

 mode, whereby you simply buy the NFT listed at a fixed price by clicking on the 

button. All sales, regardless of their mode, include a 3% transaction fee paid by the buyer.

SuperRare also runs a rewards program for the holders of its exclusive 

. A RarePass entitles the holder to receive one monthly NFT 

 for an artwork from a participating creator chosen by the SuperRare team. Additionally, the holder gets three chances each month to win an NFT from a participating artist. There are 250 RarePasses in total, and a wallet can hold up to five RarePasses that maximize their airdrop rewards and chances to win.

SuperRare is often compared to another popular NFT marketplace, 

. Both platforms are based on the Ethereum network, but they cater to somewhat different audiences, and significantly differ in terms of fees paid and artist royalties. While SuperRare is an exclusive market for rare digital artwork NFTs, OpenSea supports the sales of a wide variety of both exclusive and common NFTs, including those for gaming assets, digital and physical artwork, event tickets, avatars and more.

Royalty fees for secondary sales, which amount to 10% on SuperRare, are optional on OpenSea. In addition, the transaction fee is somewhat lower on OpenSea (2.5%) as compared to SuperRare (3%). Finally, while the transaction fee is paid by the buyer on SuperRare , OpenSea deducts this fee from the seller.

In 2023, the SuperRare Labs team introduced Rare Protocol, a set of 

 on Ethereum designed to promote the open curation and discovery of rare NFTs. The protocol is open for anyone to participate. Users of Rare Protocol can 

 RARE, the platform's native cryptocurrency, on their preferred creator to gain entry into the artist's Rarity Pool. As the creator sells their fine art NFTs, stakers in their Rarity Pool also receive crypto rewards from the sales.

As users continue staking in different pools, the SuperRare protocol will create a web of Curated Lists, each containing a list of various creators endorsed by the staker community. Hence, Curated Lists and Rarity Pools are deeply intertwined, allowing Rare Protocol to serve as a giant hub for rare NFT and talent discovery. The whole idea behind Rare Protocol is to encourage active NFT discovery and curation driven by the user community.

In August 2021, the project introduced its native governance and curation token, RARE. RARE is an 

 asset on the Ethereum blockchain. It's used primarily for the following functions:

RARE's total and maximum supply is specified at 1 billion. The entire supply will be released within four years from the token's launch (by August 2025), as some portion of it is subject to vesting schedules. The distribution shares for the total supply are shown in the chart below.

As of Sep 16, 2024, the RARE token is trading at $0.1368, which is 96.3% lower than its all-time high (ATH) of $3.64 on Oct 11, 2021, and 166% higher than its all-time low (ATL) of $0.05122 on Oct 19, 2023.

Long-term price forecasts for RARE are generally bullish. PricePrediction 

 to trade at $0.205 in 2025 and $1.37 in 2030, while DigitalCoinPrice 

 price of $0.36 in 2025 and $1.03 in 2030.

You might consider investing in the RARE cryptocurrency based on the following considerations:

SuperRare's NFT art market is a unique place within the blockchain ecosystem, where creators can sell art that attracts truly refined tastes. There's no shortage of marketplaces flipping NFTs whose prices are close to zero, and whose utility is limited to a minor asset within an obscure crypto game. In fact, the NFT marketplace corner of the industry is crazily competitive, with many providers plying the trade. 

In this NFT sea of mediocrity, SuperRare stands out as the symbol of fine quality in artwork NFTs, still unchallenged in that space after more than six years since its launch.

Intermediate

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SuperRare (RARE): The Ultimate Curated NFT Art Experience

X Empire is an Elon Musk–themed game that runs on the Telegram app and TON blockchain. Learn more about how it works in this article.

 continues, companies are looking for more ways to distinguish their projects. 

 hopes to stand out from its competitors with its exciting Elon Musk theme. Though this project isn’t officially endorsed by Musk, it's nevertheless managed to attract a lot of attention from Musk's fandom. To understand why 

 is currently so popular, explore this guide.

 is a game that runs on the Telegram app and 

. By repeatedly clicking on their phone's screens, users earn points that they can eventually exchange for cryptocurrency in this Elon Musk–themed game.

 aims to capitalize on Telegram crypto gaming trends while providing a better experience than its competitors. Currently, Telegram gaming is a leading web3 industry that’s worth over $3 billion. 

 hopes to take part in this exciting trend and create a space for Elon Musk fans. By incorporating a variety of images and topics related to Musk, 

 believes it can attract even more fans than generic games do. While other similar games use basic themes (such as cats), 

's design is targeted toward a highly specific audience.

's design is also meant to address some issues with past Telegram tap-to-earn games. Its creators have included extra security measures to remove bots and coin-burning mechanisms that punish inactive accounts. They hope this will ensure they have more regular users than other games, such as 

In order to further improve user engagement, 

 also has a complex system of upgrades and levels. These incorporate strategy into the game, so users have to do more than just mindlessly click on their screens. 

's team believes these additional features will help them retain their user base for as long as possible.

 relies on Telegram and The Open Network (TON) blockchain to function properly. The 

 game’s system is designed to run with the Telegram bot, which takes the game's software and translates it into images and buttons with which players interact. When users sign up for 

, the bot sends prompts that allow players to participate in the game. 

 is its use of TON blockchain technology. 

 keep track of player information, while in-game activity functions as a form of mining on the TON chain. 

 plans on minting Elon Musk–themed TON tokens, to be distributed to players of the game. During the 

 stage, player activity will end up determining how many 

 has only been operational for a few months, but it's already achieved some impressive metrics. The game has 

, and is acquiring new players at a rate of around 5 million per week. 

 also has a robust following in the online digital landscape: its YouTube channel has 4 million subscribers, and over 1.7 million people are following its X account. Even rebranding from 

's success is its Elon Musk theme. The game has done an excellent job of marketing to a niche set of 

 (DeFi) enthusiasts. However, even people who aren’t deeply interested in Elon Musk or artificial intelligence are getting involved in 

. Its fairly short mining period and upcoming airdrop have helped it garner a lot of interest from investors looking for a fast way to earn crypto.

 are the main way of determining airdrop eligibility for the X crypto token. Players who have a higher profit-per-hour rate will get more rewards in the 

 airdrop. In addition to getting tokens through your gaming experience, you can also receive more airdrop rewards by inviting other people to play the game. Tokens distributed during the airdrop will be called XEMP; rumor has it that XEMP will function as a utility token. 

It's still unclear precisely when the airdrop will happen. However, 

 has announced that the mining phase of its game will end on Sep 30, 2025. After that date, any in-game currency earned within 

. To qualify for the airdrop, people simply need to be active 

 is a game that players can access through the Telegram mobile app. Once you sign up for the game, you'll be prompted to choose a cartoon image of Elon Musk as your avatar. You can then tap a mining button repeatedly to earn coins until you run out of “energy,” which gradually refills, at which point you can tap to earn more in-game assets.

The game allows you to upgrade your Elon avatar to improve its earning capabilities and its energy regeneration. You'll also have a workforce that you can upgrade with things like new staff and office additions, which can help you earn passive income even when you aren't actively tapping. Furthermore, the game includes a variety of quests and daily challenges that you can complete to boost your income. 

 is a fantastic example of how Telegram games can appeal to modern crypto enthusiasts. The seamless integration of tap-to-earn mechanics and Elon Musk memes has helped 

 has a lot of competition from similar games, it's managed to keep its players engaged. As 

's airdrop date approaches, crypto investors should make sure to keep a close eye on this project.

x empire.png

X Empire: Command Your Realm in an Elon Musk–Themed Game

The Linux Foundation has launched the Linux Foundation Decentralized Trust (LFDT) to unify its decentralized projects, including Hyperledger, with over 100 members. 

The SPX index was up by 0.13%, traders are anticipating a potential 50 basis point rate cut, with over 62% confidence according to CME's FedWatch Tool.  Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.02%, with Bitcoin and Ether dropping by 3.33% and 3.86%, respectively in the past 24 hours.

Today's top performer is STPT, which surged 11.1% following the announcement of AI-driven gaming innovations in STP's Grants Program for Season 1.

STP (STPT), launched in 2021, is a cryptocurrency designed to enhance the functionality of Decentralized Autonomous Organizations (DAOs). It aims to address DAO fragmentation by offering tools to create and manage DAOs without requiring programming knowledge. STP operates on the Verse Network, which supports efficient DAO creation and governance. STP 

 several innovative projects applying for the STP Grants Program Season 1, focusing on gaming and AI. Featured projects include Robots Farm, blending DeFi with Play-to-Earn mechanics; LLC Tycoon, a strategy game with AI-driven economies; YachtC, a Web3 version of Yahtzee with enhanced tokenized rewards; and Ancient Forest, an AI-powered adventure game with dynamic storytelling. STP’s grants aim to help these projects scale and integrate more advanced features.

Check Out the Latest Prices, Charts, and Data of 

 to unify its decentralized projects, including Hyperledger, with over 100 members. Hedera is a key member, contributing its hashgraph consensus algorithm, now known as Project Hiero, to the trust. Dfns has also joined, introducing its key management system as Project Lockness. LFDT aims to drive innovation in ledger, identity, cryptography, and interoperability, particularly for regulated industries. Additionally, Hyperledger Besu and Hyperledger Fabric 3.0 have been updated, with new features like a Byzantine Fault Tolerant consensus mechanism.

Yesterday, Bitcoin Spot ETF flows show a net outflow of $3 million, with GBTC experiencing a $20.8 million outflow, while non-GBTC ETFs saw an inflow of $17.8 million.

 are now open and will close on March 16th, 2025. Tokens are expected to be transferable by September 30th, 2024. Allocations are based on staking directly through Eigen, with additional tokens from other projects like Etherfi, Swell, and Renzo to be claimed separately. The claims checker for ETHFI and $EIGEN is expected to be available starting September 19th, 2024.

Beginner

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Linux Foundation Launches Decentralized Trust with Hedera and 100+ Members, Introducing Key Projects Hiero and Lockness

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, the tap-to-earn game that lets you manage your own crypto exchange while engaging in cerebral battles with daily Morse code puzzles. Each puzzle, released at 7PM UTC, isn’t just a mental exercise — it's a lucrative opportunity to enhance your gameplay and grow your digital assets.

, challenging players to solve a Morse code puzzle each day for the chance to win 1 million coins. This not only boosts your in-game economy, but also refines your quick thinking and problem-solving skills.

Today’s Hamster Kombat Daily Cipher: Sep 17, 2024

 Daily Cipher for Sep 17, 2024, is as follows:

 •—••   ••   •••   —   ••   —•   — —• 

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

Expand your coin holdings by completing these additional tasks:

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today's Daily Cipher and the various interactive in-game activities offer plentiful opportunities to boost both your coin balance and your overall engagement in 

. Each puzzle you solve not only enhances your financial resources, but also sharpens your cognitive abilities, making every gaming session both profitable and intellectually rewarding.

Stay informed with daily updates and expert advice to ensure you continue to thrive in the competitive environment of 

hamster kombat daily cipher code.png

A Guide to Hamster Kombat's Daily Cipher Code (Sep 17, 2024)

Bybit 360

Crypto Insights

Please check out this series of articles to prepare you for yen volatility.

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In the current economic climate, with Japanese interest rates remaining low and the yen experiencing prolonged depreciation against the U.S. dollar, many investors are seeking more effective asset management strategies to combat inflation and currency weakness. In this article, we explore how utilizing Bybit’s USDT Savings plan can provide a solution, offering high yields and other benefits that can help shield investors from the impacts of yen depreciation.

The Japanese yen has continued to depreciate, reaching a 34-year low in 2024. This persistent weakening can be largely attributed to Japan’s monetary policy, which has focused on prolonged quantitative easing and maintaining low interest rates. 

Unlike Japan, other major economies such as the United States’ have increased rates, making their yields more attractive and contributing to the yen’s decline. Additionally, geopolitical tensions have further undermined the yen, leading to higher prices for imported goods, as well as an increased cost of living in Japan.

To examine the details, let's look at the chart below, which illustrates the USD/JPY exchange rate. We can see a clear trend of yen depreciation in recent years as the exchange rate climbed. Since 2020, the USD/JPY exchange rate chart has demonstrated a notable depreciation of the Japanese yen against the U.S. dollar, with the result that more yen are needed to purchase a single U.S. dollar as the exchange rate climbs. This depreciation can be attributed to a combination of Japan's continued loose monetary policy and the maintenance of low interest rates to support the domestic economy, in stark contrast to aggressive rate hikes by other major central banks, such as the U.S. Federal Reserve. The significant interest rate differential has encouraged carry trades, further pressuring the yen.

Looking at the chart of the yield spread between the U.S. and Japanese 10-year government bonds, we can see that this spread has been increasing, indicating that U.S. bonds are yielding more relative to Japanese bonds and reflecting the higher interest rates in the U.S. as compared to those in Japan. These higher rates in the U.S. make dollar-denominated assets more attractive to investors, driving demand for U.S. dollars as investors sell yen to purchase dollar-denominated assets — also leading to capital inflows into the U.S. from Japan and contributing to the yen's depreciation.

Given these circumstances, it’s crucial for investors to explore products and strategies that can provide stability and growth during economic downturns. Some common strategies include:

However, for some retail investors — who might not be equipped with sufficiently advanced investment knowledge to execute the above methods, or just want to find a simple, yet effective strategy to use — Bybit’s products could offer a solution.

As a leading global cryptocurrency exchange, Bybit offers a compelling solution with its diverse range of products. The Bybit USDT Saving plan, in particular, is designed to cater to users seeking effective ways to combat low yields and currency depreciation, providing a robust option for enhancing asset growth amidst challenging economic conditions.

Introduced in 2022, Bybit's USDT Savings plan is a yield product supported by Bybit Loan, which has quickly gained popularity for its flexibility and high returns. Current data shows that the APR for Bybit's USDT Savings can range between 6% and 8%. In stark contrast, the typical annual yield from Japanese bank deposits remains below 0.1%. 

To illustrate the advantages of Bybit's plan, the following figure demonstrates the yield after three years when 1 million yen is deposited into a Japanese bank and into Bybit's USDT Savings account, respectively.

When comparing the returns from Japanese bank deposits and Bybit's USDT Savings over a three-year period, the difference in potential earnings is remarkable. Japanese banks offer an annual interest rate of 0.1%, resulting in an interest income of approximately 3,003 yen after three years. In contrast, Bybit's USDT Savings plan, with a 6% annual interest rate compounded daily, can generate about 191,016 yen in the same time frame. This means that Bybit’s USDT Savings yield is about 

 that for a typical Japanese bank account, clearly showcasing the superior potential for growth with Bybit's offerings.

It's important to note that since Bybit's USDT Savings plan is backed by Bybit Loan on the platform, the APR may vary with market dynamics. Consequently, there may be periods when the APR adjusts to between 3% and 5%. Despite this variability, these rates are still substantially higher than the 0.1% typically offered by banks. Additionally, the plan includes other benefits that add value beyond the higher interest rates.

Getting Started with Bybit’s Saving Plan

Amid the backdrop of a weakening yen and persistently low interest rates, Bybit's USDT Savings plan offers users high yields and protection against currency depreciation. Beyond its high returns, the plan also provides users with the flexibility to manage their assets effectively, capitalizing on the dynamic nature of cryptocurrencies. Consequently, Bybit's USDT Savings plan has emerged as an attractive option within the current economic landscape. 

In our next article, we’ll delve into ways to leverage Bybit’s other asset management tools to optimize your investment portfolio. Stay tuned for more insights!

: Investing in cryptocurrencies involves a substantial risk of loss and isn’t suitable for every investor. Prior to making any investment decisions, please ensure you fully understand the risks involved, and seek independent advice if necessary. Our customer support team is available to assist you with any inquiries.

How to Use Bybit to Navigate Through Yen Depreciation and Low Interest Rates

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards