Only a few tokens have captured attention as quickly and dramatically as SuperRare (RARE). Over the past week, SuperRare (RARE) has skyrocketed by 222%, a surge that has investors eagerly eyeing the next big opportunity in the market.

SuperRare's price experienced a sharp reversal due to profit-taking after the token's parabolic rise of over 500% between August 5 and August 15. The SuperRare (RARE) token retreated to $0.

RARE's Open Interest has climbed from around $3 million to $114 million at press time.

The altcoin leader, Ethereum price continues hovering close to its $2,500 level, indicating weak buying and selling pressure for this crypto token in the market. Notably, it is presently trading with a price tag of $2,584.36 and has a market cap of approximately $305 Billion.

SuperRare sees the lowest figures in monthly visits in June 2024 since 2021.

The NFT market is not doing well at the moment, but it is trying to reinvent itself.

TL;DR SuperRare's Expansion: Nonfungible token (NFT) marketplace SuperRare has expanded into the Bitcoin Ordinals ecosystem through a partnership with Bitcoin-based art platform Gamma. This move is part of SuperRare's strategy to become more multichain, moving beyond its initial focus on Ethereum.

SuperRare is expanding its presence in the Bitcoin Ordinals ecosystem.

SuperRare, a leading NFT marketplace, enters the Bitcoin Ordinals ecosystem with a collaboration with Gamma, offering artists new opportunities in the crypto art space.

SuperRare Labs' Zack Yanger said being able to help artists connect with a new class of collectors is “a massive win.”

Long-running Ethereum NFT art platform SuperRare is embracing Bitcoin Ordinals via a collection from artist Killer Acid in April.

Throughout the year 2023 told through a single digital butterfly.

Typically, "Golden Crosses" and "Death Crosses" are interpreted as reliable indicators of midterm market sentiment. A seasoned market analyst spotted a super-rare one and is sure that it will not leave the Bitcoin (BTC) price unaffected.

The curated NFT marketplace is running a two-month pop-up of 0x.17 gallery, beginning with a solo exhibition from artist Claire Silver about our future with AI.

The Web3 venture capital firm hopes to support early-stage DeFi and Web3 gaming projects and is also launching a tokenomics accelerator.

SuperRare co-founder Jon Perkins sat down with Decrypt's Dan Roberts at NFT Paris to talk about the debate over artist royalties, SuperRare's roots in catering to artists, and building through a bear market.

SuperRare is not the only company in the industry reducing its staff. In 2022, a number of industry players cut their workforce due to crypto winter conditions. As of January 5, 2023, as many as 26,964 crypto jobs have been lost.

Yet another round of redundancies will contribute to growing unease for those working in the crypto space, with little sign that the market will show improvement any time soon.

SuperRare, an NFT marketplace has announced that it will reduce its staff strength by 30%, becoming the latest company hit by the downturn in the crypto market. The news was made available to the general public via the official Twitter handle of CEO John Crain.

NFT startup SuperRare has started to take drastic measures in order stay in business in the face of an extended crypto winter, giving the pink slip to some members of its workforce.

The popular social NFT platform cited overly aggressive growth and over-hiring as the reason for the layoffs.

SuperRare, a non-fungible token (NFT) marketplace, has laid off 30% of its staff due to the prolonged crypto winter. CEO John Crain stated that the company overhired during the market boom, leading to unsustainable growth.

SuperRare, the non-fungible token (NFT) marketplace has decided to lay off 30% of the workforce, CEO John Crain announced. Crain in the screenshot on Twitter said he is taking full ownership and they over-hired.

According to CEO John Crain, the company overhired during the market upswing and has been unable to sustain its growth in recent months. SuperRare, a curated non-fungible token (NFT) marketplace, announced a 30% reduction in staff on Friday, succumbing to the woes of an extended crypto winter that has chilled many market sectors.

John Crain, the CEO of SuperRare, said on Friday, Jan. 6, that the company is reducing their employee count by thirty percent.

SuperRare, a Non-Fungible Token (NFT) marketplace, has declared a 30% workforce reduction. The curated NFT firm CEO John Crain revealed

Despite only being a week into the new year, SuperRare adds to a number of firms announcing staff cuts such as Huobi and Genesis.

SuperRare will let 30% of its staff go after CEO John Crain said the company over-hired during the bull market. The post SuperRare cuts 30% of staff, citing bear market appeared first on The Block.

Ethereum-based decentralized digital art marketplace SuperRare has announced the launch of its Genesis RarePass, as it looks to draw crypto NFT users to the platform.  RarePass will enable users to receive specially curated art NFT drops by a host of leading global NFT artists.

SuperRare, an Ethereum-based, decentralized digital art marketplace, is launching the "Genesis" RarePass for exclusive airdrops of curated fine art. SuperRare Chief Operating Officer Kyle Olney shares insights into the launch, mainstreaming the art collecting experience and the future of the NFT industry.

Prominent art NFT marketplace SuperRare has launched “Genesis RarePass,” through which users can easily mint to receive curated crypto art from some of the top NFT artists on the platform. SuperRare launches Genesis RarePass Described as a subscription-based service by SuperRare's COO, Kyle Olney, holders of the Genesis RarePass will have exclusive benefits, including receiving 1x guaranteed monthly airdrop “from a rotating roster of legendary crypto artists for 12 months.

The artist-first NFT marketplace will airdrop exclusive art to 250 holders of the subscription-like passes over the course of a year.

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The partnership with the French magazine ELLE

The largest crypto exchange platform in the US has just rolled out support for two under-the-radar altcoins built on top smart contract platform Ethereum (ETH). In a new announcement, Coinbase says it'll launch trading for NFT-focused SuperRare (RARE) and food supply-chain platform TE-FOOD (TONE) on Tuesday once liquidity conditions are met.

The 10th issue of the magazine in the form of Non-Fungible Token will be on sale soon

Gucci is buying into its first decentralized autonomous organization (DAO) via a new partnership with non-fungible token (NFT) marketplace SuperRare. "The Hash" hosts discuss Gucci's continued bets in Web3 and the outlook for luxury brands entering the crypto space.

The famous creator of the NFT platform gave a keynote during Metaforum, which was held on 13 June

The Italian high-end luxury brand Gucci is expanding further into Web 3. Founded in Florence, the company is buying into its first decentralized autonomous organization (DAO) via a new partnership with non-fungible token (NFT) marketplace, SuperRare. Gucci bought $25,000 worth of RARE tokens to join the SuperRareDAO. With its buy-in, Gucci is launching the “Vault...

New projects in the Web3 world for the famous fashion house

Italian luxury giant, Gucci, is expanding its presence in the NFT space. The Florence-based fashion house has announced a new partnership with the major NFT marketplace, SuperRare, which will see it buy $25k worth of RARE tokens to join the…

Italian fashion brand Gucci is entering its first decentralized autonomous organization (DAO) through a partnership with non-fungible token (NFT) marketplace SuperRare, CoinDesk reported on Thursday. The post Gucci buys into SuperRare DAO, eyes new virtual art space appeared first on The Block.

The luxury brand has bought $25,000 worth of RARE tokens.

The high-end luxury fashion house has purchased the tokens to launch a digital “Vault Art Space.”

The collapse of Ethereum and crypto like the 1990s comic book bubble

The exhibition features 18 leading artists exploring the themes of digital and physical identity

The symmetrical triangle/double bottom patterns on the 4-hour chart could decide the direction of new RARE price predictions.