They spent $ 31 million on the NFT in October. SuperRare has fewer buyers, but they are buying more expensive NFT.

They spent $ 31 million on the NFT in October. SuperRare has fewer buyers, but they are buying more expensive NFT.
Despite achieving a higher total sales volume this month, SuperRare has half the number of active buyer collectors in the market this month compared to March.

According to Dune Analytics, the NFT SuperRare market set a new monthly record of $ 31.4 million in total sales volume with a weekly supply through the end of October.

SuperRare is a single-edition Ethereum (ETH) NFT marketplace where collectors can purchase a blockchain deed for digital items such as memes, movies, or artwork.

The record for monthly sales in March was $ 29.5 million, and 929 active collectors bought 3,179 works of art. The average price of the works of art ranged from 3.0 to 5.5 ETH, which is $ 12,600 to $ 23,000.

Despite achieving a higher total sales volume this month, SuperRare has half the number of active buyer collectors in the market this month compared to March.

This month, there were 372 active collectors who purchased 726 items worth between 9.5 and 12.2 Aether, which is roughly $ 40,000 to $ 51,000.

In short, fewer collectors are buying fewer pieces from SuperRare. However, those who do this spend more money on high-value items.

For example, Starry Night Capital, a $ 100 million NFT fund, alone accounted for nearly half of SuperRare’s total trading volume in October. Over the weekend, they bought Dankrupt from artist XCOPY on SuperRare for 469 ETH, which is $ 1.9 million.

Snoop Dogg also bought the XCOPY track in late September for a record 1,300 ETH, which is $ 3.9 million.

28-10-2021, Mr.Advice TEAM


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