According to Odaily, John Crain, co-founder of SuperRare, has announced that the RARE token and protocol contract are set to launch on Base. The advent of L2 is changing the game rules, with low-cost minting currently being the primary NFT use case on L2.
Crain expressed interest in the L2 auction mechanism that utilizes L1 assets. The team is exploring this through Chainlink CCIP, aiming to implement low-cost, rapid auctions by the summer. This would provide users with an L2 UX that has L1 security. The move is part of a broader trend in the industry towards leveraging the benefits of L2 solutions, which offer lower costs and faster transactions.
The launch of the RARE token and protocol contract on Base represents a significant development for SuperRare. It underscores the company's commitment to innovation and its efforts to stay at the forefront of the rapidly evolving NFT market. The use of Chainlink CCIP for exploration also highlights the growing importance of this technology in the digital asset space.