Arrington Capital-backed RedStone has launched Bitcoin staking oracles to enhance DeFi platforms by providing real-time data on staked Bitcoin and liquid staking tokens (LSTs). 

The SPX index was down by 0.96%, with utilities, communication services, and consumer discretionary sectors leading the declines. Investors are now looking ahead to further economic data and Federal Reserve commentary to guide the outlook for interest rates. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.23%, with Bitcoin and Ether rising by 1.14% and by 0.10%, respectively in the past 24 hours.

Today's top performer is SAGA, which surged 8.7% following dKloud's partnership with Saga to streamline blockchain deployment and enhance Web3 scalability.

Saga (SAGA), founded in 2021, is a Layer 1 blockchain protocol that allows developers to create customized chains for their applications, providing shared security and scaling solutions. 

, known for their app-specific blockchain provisioning technology. By combining Saga's Chainlet technology with dKloud's tools—DevPack, LaunchPack, and KloudDeploy—they aim to simplify blockchain deployment and enhance web3 scalability, enabling developers to launch dedicated blockchains more efficiently.

Check Out the Latest Prices, Charts, and Data of 

Arrington Capital-backed RedStone has launched Bitcoin staking oracles to enhance DeFi platforms by providing real-time data on staked Bitcoin and liquid staking tokens (LSTs). These oracles will support platforms like Ethereum, Avalanche, and Polygon, allowing Bitcoin holders to stake their assets in DeFi. RedStone raised $15 million in July to expand its data services, which also monitor LST issuance and calculate their net asset value. The company plans to integrate with more platforms like pumpBTC and Solv and expand support for Arbitrum, Base, and BNB Chain.

Yesterday, in the BTC Spot ETF data, total inflows amount to $137.3 million, with $nil million from GBTC and $137.3 million from non-GBTC sources.

OpenLayer is a decentralized data layer platform designed to enhance AI development by ensuring data quality, integration, and privacy. Backed by A16z and Geometry, OpenLayer has launched a 

 allowing users to earn points for airdrops by downloading a browser extension. To participate in the airdrop, users must download the extension, connect their Metamask wallet, enter an invite code, link their Coinbase and Twitter accounts, and click on an egg four times to earn points. Users are encouraged to repeat this daily to accumulate more points.

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RedStone Launches Bitcoin Staking Oracles to Enhance DeFi Platforms with Real-Time Data

Pencils Protocol (DAPP) is a DeFi platform that offers users yield farming, vault strategies and on-chain auctions for blockchain native assets and RWAs.

Compared to traditional financial (TradFi) institutions, 

 (DeFi) protocols offer a plethora of benefits to users. Scalability, flexibility, access democratization and transparency are among the key advantages of trading and investing 

 rather than through banks and other TradFi entities. 

However, along with its benefits, the DeFi industry’s many associated issues have put the brakes on its wider adoption. One such area is compliance with 

 (AML) requirements. Privacy of customer transactions is another area where DeFi protocols may struggle due to the public nature of blockchain platforms. To complicate things even more, AML regulations and transaction privacy are often onerous to optimize at the same time.

Pencils Protocol (DAPP), a leading DeFi application on the 

 Layer 2 network, has adopted a number of measures to ensure that AML requirements, transaction privacy, scalability and flexibility of on-chain operations are all maintained simultaneously in a system commonly referred to as permissioned DeFi. This provides a holistic solution whereby users can enjoy both the perks of DeFi — such as efficiency, transparency and autonomy — and the benefits of TradFi, namely security and compliance. The protocol acts as a comprehensive DeFi solution that creates secure and flexible trading opportunities with products such as auctions, yield aggregator services, farming vaults, restaking and more.

Having started out in early 2024 under the name PenPad (PDD), the project rebranded to Pencils Protocol in May 2024 and launched its native token in September. Despite being one of the newest DeFi protocols in the Scroll ecosystem, Pencils Protocol has already grown to become the network's largest DeFi app (as of Oct 8, 2024), with a 

 chain that offers a wide range of DeFi products, including auctions, 

 platform, the protocol features a high degree of scalability, cost efficiency, cross-chain interoperability and integration with the 

The protocol offers flexible and innovative DeFi products while maintaining a Permissioned DeFi infrastructure through a combination of mechanisms, such as a system of identity verification called Proof of Humanity, 

The project was launched in February 2024 as PenPad (PDD) before rebranding to Pencils Protocol in May 2024. Pencils Protocol’s native token — inventively and attractively named DAPP — debuted in September 2024.

Pencils Protocol relies on Scroll's ZK technology to offer transaction scalability, security, privacy and cross-chain interoperability with Ethereum. Scroll operates a ZK-based 

 (EVM)–compatible rollup platform that makes it easy for Pencils to offer a highly efficient and secure trading environment that features a variety of assets popular within the Ethereum ecosystem.

While Pencils Protocol offers a wide variety of DeFi products, the platform's three main products are auctions, yield farming, and vaults designed to run predetermined strategies. This last product type offers a variety of advanced strategies, enhanced 

 and various on-chain synthetics. Pencils Protocol extensively uses Ethereum's 

Other DeFi products on Pencils Protocols include various liquid staking and restaking opportunities via Scroll's native gateway. Additionally, in July 2024, the project team announced an upcoming crypto lending feature to be integrated into the product line.

Pencils. a community rewards points system that the protocol actively leverages, is considered central enough to operations to be rebranded under the protocol’s name. Users can earn Pencils in two primary ways: staking and participating in the project's marketing initiatives.

A major way to earn Pencils points is by using the protocol's staking service. For every 1,000 

 equivalent staked, users can expect one Pencils point per day. Contributing to the protocol's marketing campaigns and overall growth is another way to stock up on these points. For example, anyone who contributes to the ecosystem development as an influencer, brand ambassador or business partner earns Pencils points.

Pencils points offer a variety of benefits and exclusive access features:

Pencils Vaults are tokenized vaults designed to optimize yields through deposit staking and LP staking. Their deposited assets are used for yield farming, and are reinvested through multiple platforms via predetermined yield strategies. Users can invest in these vaults using 

 from the Pencils Protocol Vaults Pool. 

Vaults support leveraged trading and offer users great flexibility and customization when it comes to setting their preferred leverage levels. To further increase yields, users can draw on the vaults to borrow additional funds to invest. The interest they pay on these borrowed funds is used to reward those participating in Pencils Protocol's yield farming.

Yield farming and leveraged yield aggregation services are also among the key products on Pencils Protocol. These products allow DeFi traders to maximize asset utilization and benefit from competitive yields. Farming yields are funded mainly through the interest paid by borrowers on the protocol, as noted above. The following types of assets are supported for farming on Pencils Protocol:

The protocol will also support Scroll's native cryptocurrency upon its launch. In addition to yields, the farming products on the protocol also provide rewards in Pencils points.

Pencils Protocol also offers auction services for various assets, such as blockchain-native assets and tokenized 

 (RWAs). It's an all-inclusive auction platform on which both digital and physical assets in tokenized form can be listed and traded. Users can benefit from these auctions by snapping up assets at discounted rates. As of early October 2024, Auctions products available on the protocol are limited, with the project mainly focused on its Vaults and Farming offers.

However, it's likely that auction services will also catch up in the future, as clearly indicated by the protocol’s positioning of Auctions as one of the essential products in its communications.

What Is the Pencils Protocol Token (DAPP)?

Pencils Protocol's native crypto token, DAPP, is used extensively throughout the platform for the following functions:

The DAPP token’s launch in late September 2024 was accompanied by an airdrop campaign that allocated 3 million DAPP to eligible users. Two-thirds of this amount will be distributed based on users' Pencils points holdings, while the remaining 1 million is reserved to reward active participation in the protocol's activities.

DAPP’s total supply is 100 million. The chart below shows the token's supply distribution shares.

The DAPP token is available on Bybit as a Spot pair (

). Additionally, you can take part in a campaign dedicated to the token to grab a share of the 

. Valid through Oct 11, 2024, this campaign rewards new Bybit users who deposit at least 125 DAPP, 

 deposit 100 USDT and trade 100 USDT worth of DAPP in their first Spot trade. Existing users can also earn DAPP rewards by trading at least 1,000 USDT worth of DAPP on Bybit’s Spot market.

As of today (Oct 8, 2024), the DAPP token is trading at $0.2163, which is 79.5% lower than its all-time high of $1.06 on Sep 27, 2024, and 2.3% higher than its all-time low of $0.212, recorded earlier today.

Long-term price forecasts for DAPP are generally bullish. DigitalCoinPrice 

 of $0.65 in 2025 and $1.88 in 2030, while CoinCodex 

 to rise to a high of $1 in 2025 and to decline slightly to a potential high of $0.84869 in 2030.

With its focus on innovative farming and vault products, Pencils Protocol is emerging as a next-gen decentralized platform for active DeFi users. In addition to its core products, staking and restaking opportunities are also available on the platform. Once the protocol begins offering a richer variety of auction opportunities, it will certainly qualify for the title of a comprehensive DeFi solution. If yield optimization, advanced strategies and/or access to discounted assets are up your alley, Pencils Protocol might be well worth checking out.

Intermediate

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Pencils Protocol (DAPP): One-Stop DeFi Powered by Scroll

GOATS is a Telegram-based gaming platform that offers a variety of mini games, such as flipping a coin, rolling dice and spinning a wheel. Learn more here.

Lately, the collaboration between the Telegram messaging app and the 

 Telegram game provides a great example of how a development team can use 

 to create engaging new games. What makes this project stand out from all the other Telegram games on the meme coin market? Keep reading to learn why 

 offers even more investment opportunities than some already successful games on Telegram.

 is a Telegram-based gaming platform that offers a variety of mini games that involve activities such as flipping a coin, rolling dice and spinning a wheel. Unlike many other Telegram games, 

 provides concrete rewards. Users play these games to obtain tokens from both the 

 platform and other crypto networks such as TON.

 aims to entertain users while offering more utility than other Telegram mini games. The typical Telegram game involves users earning in-game currency that they can later use to qualify for rewards from a crypto airdrop. 

’ creators wanted a more streamlined process, so the currency distributed in the game is the actual cryptocurrency that the game provides. 

 also recognizes that many users desire crypto assets with bigger name recognition, and endeavors to capture their attention by offering more giveaways of other tokens.

’ team hopes that these additional features will allow them to achieve their primary goals of internet popularity and high prices on the meme coin market. The project isn't just called 

 because of its animal-themed meme coins. It's also named after the slang phrase "G.O.A.T.", which stands for "greatest of all time." 

 aspires to live up to this name and become the greatest Telegram game of all time.

 uses a combination of three different types of technology to offer its users a variety of fun games. The 

 Telegram game is run through the Telegram messaging app's bot. This automated system sends messages to and from users, so 

 can run its service directly from the Telegram app. 

 also uses a software-based interface to make things easier for users, and a blockchain-based ledger to keep track of transactions. This ensures that 

 plays like a standard game while delivering the security of a blockchain project.

, they receive access to a variety of types of gameplay. Unlike most other Telegram games, 

 doesn't stick to a standard clicker mechanic that distributes crypto assets. Instead, it incorporates mechanics from a variety of casino games. Depending upon the game you select, you can experience features such as:

 is built on the TON blockchain. People can use it for various in-game transactions, and meme coin enthusiasts can also trade it on exchanges outside the system. Like 

. This large supply could lead to an impressive total market capitalization of more than $750 million, even if 

 tokens sell for a fairly low price. Currently, there’s no information available regarding other aspects of 

’ tokenomics. Its development team hasn’t released information on token distribution, or announced whether they’ll be locking or 

 has managed to capture a lot of attention due to the TON and 

 giveaways that it’s used to reward early supporters. These notable events have allowed the game to attract many users, both before and after its airdrop. Since its launch in July of 2024, 

 has experienced rapid growth and acquired millions of players. As of Oct 6, 2024, 17.5 million monthly players participate in 

 games. The ecosystem also has 8 million active community members and 

 was being discussed more on social media in the days leading up to its 

 meme coin manages to experience some significant price jumps, the project has the potential to keep acquiring new fans.

 points is that you need to participate in the game to get free tokens. However, this game has more going on in it than most other Telegram games, so crypto enthusiasts who want to maximize earnings need to play carefully. Here are some tips for earning as many tokens as you can:

 first token airdrop took place on Sep 15, 2024. The initial airdrop was set up to distribute tokens to all of the active 

 community members. Participants simply needed a 

 has also continued to run airdrops for every new person who signs up for the 

 ecosystem. All verified users are automatically distributed a set amount of 

 tokens, based on the age of their Telegram account. The airdrop also provides additional rewards for frequent users, early investors and Telegram Premium members. 

 has the potential to be a rewarding crypto. Its high total market cap could easily place it onto lists of top meme coins, which will attract a lot of attention. Furthermore, the project's crypto asset giveaways have been received with a lot of goodwill from the crypto world. Once the 

 token is listed on more exchanges, some crypto enthusiasts predict it 

However, keep in mind that there’s a lot of competition from other animal-themed meme coins on Telegram. If 

 can’t capitalize on its popularity with early supporters, it might be difficult for it to achieve rapid growth. Meme coins are fairly volatile, and their prices vary a lot depending upon how popular they are. If you want to minimize risk, you’ll need to exercise caution, maintain a diverse portfolio and 

 Telegram game has had a strong start, not only rewarding early supporters with instant 

 token airdrops but also attracting attention with its TON and SOL giveaways. The project is now transitioning from token giveaways to token listings, so the next stage will be a crucial one for 

. Watch closely in case this meme coin takes off.

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GOATS (GOATS): The G.O.A.T. Telegram Meme Coin to Watch

Sky is a decentralized finance platform that evolved from MakerDAO (DAI). Learn how the new platform works in this article.

Sky, formerly known as MakerDAO, is redefining 

 (DeFi) with a significant transformation of its ecosystem. By introducing new features and upgraded tokens, Sky aims to enhance accessibility and drive the next era of DeFi adoption.

This article explores Sky, its history and the reasons behind the rebranding from MakerDAO. We'll also examine how the platform works, its key features, road map and new tokens, and evaluate whether SKY is a good investment in the evolving DeFi space.

 is a decentralized finance platform that evolved from MakerDAO (DAI). As the new front-end application for the Sky Protocol ecosystem, it offers an upgraded 

 system, native token rewards and a more accessible governance structure to drive the next era of DeFi adoption.

Users of Sky can interact with the protocol's features in the following ways:

Sky's roots trace back to MakerDAO, one of the pioneering projects in the DeFi space. Founded by Rune Christensen, MakerDAO introduced the concept of a decentralized 

 (DAI) backed by cryptocurrency collateral. The project gained significant traction and became a cornerstone of the DeFi ecosystem.

As the DeFi landscape evolved, the team behind MakerDAO recognized the need for further innovation and improvement. This vision led to developing the "Endgame" plan, a comprehensive strategy to enhance the protocol's capabilities and ensure its long-term sustainability.

The rebranding from MakerDAO to Sky is part of the broader Endgame strategy. According to the project's FAQ, the rebranding serves to:

Transitioning to Sky represents more than a name change — it's a fundamental shift in the project's approach to 

 (DeFi). By retaining the core principles of MakerDAO while introducing new features and a more intuitive user experience, Sky aims to bridge the gap between traditional finance and the world of DeFi.

Some of the key objectives of Sky include:

Sky operates on principles similar to its predecessor, MakerDAO, but with enhanced features and mechanisms.

Sky offers a range of innovative features designed to enhance user experience and provide new opportunities in the DeFi space.

Sky enables users to trade popular cryptocurrencies for ecosystem tokens using 

 and noncustodial pools. Users can exchange 

 and SKY for USDS, and vice versa. The platform utilizes smart contracts powered by CoW Swap to ensure efficient and secure transactions without relying on centralized entities.

Users can access Sky Token Rewards (STRs) by supplying USDS to the Sky Token Rewards module. This noncustodial feature allows participants to earn SKY 

 over time, with no minimum USDS amount required.

The reward rate fluctuates based on the token issuance rate, market price and the user's proportional supply in the pool. Subject to governance approval, users may also receive future rewards in the form of various Sky Star tokens.

The Sky Savings Rate is an evolution of the former DAI Savings Rate. It allows USDS holders to earn additional USDS over time by supplying their tokens to the SSR module. This noncustodial feature requires no minimum supply amount, and offers flexible withdrawals. The SSR is a variable rate determined by Sky ecosystem governance through decentralized on-chain voting.

Users can supply SKY tokens to the Activation module to accumulate Activation Token Rewards as USDS or various Sky Star tokens. SKY supplied to Activation doesn’t support delegation or voting, and users can activate or deactivate their SKY anytime without restrictions or fees.

Sealed Activation will enable users to seal their SKY or MKR governance tokens in order to accumulate higher Activation Token Rewards than with simple Activation. Users can delegate their voting power while their tokens are sealed. Unsealing incurs an Exit Fee, which increases over time and is set by Sky ecosystem governance.

SkyLink is an upcoming feature designed to connect Ethereum-based tokens and features to support 

 (L2) networks. This integration aims to enhance users' ability to manage their digital assets more efficiently by providing access to lower-cost platforms, which is especially beneficial for those deterred by high Ethereum 

Sky Stars are independent decentralized projects within the Sky ecosystem. Each Star operates with its own governance token, treasury and decision-making processes. Sky Stars serve as engines of scalability and innovation, enabling focused, fast-moving development and expansion.

, is already a top DeFi lending platform with over $2.5 billion in 

The Sky Atlas is the comprehensive set of rules governing the Sky ecosystem. It's a living document that evolves through improvement proposals and decentralized voting until governance determines no further modifications are necessary. The Atlas ensures that governance is shared among a diversified community aligned with the ecosystem's goals.

The Sky road map highlights recent achievements, and outlines ambitious plans for continued innovation in the DeFi space.

Sky Protocol’s road map emphasizes its commitment to decentralized expansion, continuous innovation and cross-chain 

. As the ecosystem grows, each new Sky Star is expected to develop its own road map — creating multiple threads of parallel, decentralized innovation and growth.

Sky introduces two tokens to offer enhanced functionality and opportunities for users.

SKY is the rebranded and upgraded version of the MKR token. It serves as the governance token for the entire Sky ecosystem.

USDS is the upgraded version of the DAI stablecoin.

Users can upgrade their tokens through the Sky platform. The process is voluntary, and legacy DAI and MKR tokens will continue to exist within the renamed Sky Protocol.

Following are the key aspects of SKY’s tokenomics.

The initial distribution of SKY is directly tied to existing MKR tokens:

It's important to note that some features, including Sky Token Rewards and the Sky Savings Rate, may be restricted in certain jurisdictions, including the U.S. and U.K.

, with analysts predicting SKY’s price to reach $0.0854 by the end of 2024, $0.4186 by 2028 and $0.9205 by 2030.

As SKY is a newly introduced token following the rebranding, specific price predictions are speculative and should be cautiously approached. Investors should conduct thorough research and consider the high volatility of cryptocurrency markets before making investment decisions.

Investing in SKY involves weighing potential benefits against inherent risks.

Before investing in SKY, investors should 

 and possibly consult financial advisors.

Sky builds upon MakerDAO's legacy to introduce a more accessible, innovative and decentralized platform. With its ambitious road map and plans for expansion across multiple blockchains, Sky is well-positioned to continue pushing the boundaries of DeFi.

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Sky (SKY): Supercharged Upgrade of MakerDAO & DAI

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

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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.

SuperRare (RARE): The Ultimate Curated NFT Art Experience

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards