SuperRare has fewer buyers, but they purchase more expensive NFTs, data shows

October 26, 2021 Jeannine Cruz

SuperRare is seeing half the active collectors this month than March, in spite of a higher overall sale volume.

According to Dune Analytics, SuperRare NFT market has set a new month-to-month record for total sales volume of $31.4 Million with one week left till October.

The March record for regular monthly sales was $29.5 million. 929 collectors acquired 3,179 art work. The average artwork cost varied from 3.0 to 5.5 Ether (or about $12,600 as much as $23,000).

SuperRare (ETH) is a single-edition NFT marketplace where collectors can buy a blockchain deed for digital products like artworks, videos, or memes.

The bottom line is that SuperRare has less collectors. Collectors who do buy more expensive items tend to be more discerning.

There were 372 active collectors this month who acquired 726 items with a value in between 9.5 Ether and 12.2 Ether or roughly $40,000 to $51,000.

Continue reading: Buyers pay $7M for an unseen NFT collection

Snoop Dogg likewise bought an XCOPY piece for a record 1300 ETH (or $3.9 million) in September.
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Starry Night Capital, an NFT-collection fund worth $100 million, was accountable for almost half of SuperRares October trading volume. They bought Dankrupt” from artist XCOPY for 469 ETH ($ 1.9 million).

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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.