SuperRare integrates Chainlink to support NFT transfers between Base and Ethereum

SuperRare, the digital asset marketplace platform built on the Ethereum ecosystem, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) onto its native token, $RARE, to support highly secure transfers between Ethereum and Base, a layer two blockchain network running on top of the Ethereum ecosystem. In this article, we will take an in-depth look at what this new integration entails.

SuperRare taps Chainlink to support NFT transfers

In an October 18 blog post, marketplace platform SuperRare NFT confirmed the integration of the Chainlink network into its non-fungible token, $RARE. As part of this integration, SuperRare plans to leverage Chainlink’s capabilities and functionality to offer secure transfers between Ethereum and Base, a layer two blockchain network operating on top of the Ethereum ecosystem.

.@SuperRare integrated #Chain link CCIP in its RARE token to support highly secure transfers across @base & @ethereum.

CCIP significantly enhances the capabilities and reach of SuperRare’s conservation token by allowing it to span multiple ecosystems.#RoadToSmartCon pic.twitter.com/haXtR4oTjK

– Chainlink (@chainlink) October 18, 2024

Launched in April 2018, SuperRare is a digital marketplace for aspiring digital artists and art collectors. It allows users to issue, collect and trade rare NFTs on the Ethereum blockchain. On this platform, NFT artworks are created directly by the original artist from their own unique wallet address, with each previous bid, sale and collector recorded forever in the token’s history on the blockchain .

SuperRare NFT marketplace offers $RARE, its cryptographic governance token. $RARE allows the community to have an active voice in the curation through Space Races and in the broader decision-making process for the future of SuperRare. With $RARE, holders can participate in the governance of SuperRare by writing and/or voting on proposals. SuperRare has become one of the leading NFT marketplaces in the NFT market.

SuperRare and Chainlink integration

Chainlink is a decentralized blockchain oracle network built on the Ethereum mainnet. The network is intended to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. Chainlink connects the real world to booming blockchain technology, enabling developers, startups, and enterprises to create tangible use cases that unlock real value in Web3.

As part of the new integration, SuperRare plans to leverage Chainlink CCIPs to support secure transfers of its $RARE NFT coin on the Ethereum and Base blockchain networks. CCIP is a protocol that allows users to programmatically transfer tokens from one blockchain to another via lock-and-mint or burn-and-mint mechanisms and attach arbitrary data commands.

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