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

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The Nonfungible Token (NFT) marketplace SuperRare set a new monthly record of $ 31.4 million in total sales with a week to the end of October, according to Dune Analytics.

SuperRare is a one-of-a-kind Ethereum NFT marketplace where collectors can purchase a blockchain title deed for digital items such as memes, videos, or works of art.

The monthly sales record was $ 29.5 million the previous March, with 929 active collectors buying 3,179 works of art. The average price for works of art ranged from 3.0 to 5.5 ethers (ETH), or around $ 12,600 to $ 23,000.

Although SuperRare has seen a higher total sales volume this month, only half as many active collectors are buying from the marketplace this month as in March.

There were 372 active collectors that month who purchased 726 items valued between 9.5 and 12.2 ETH, or about $ 40,000 to $ 51,000.

In short, fewer collectors buy fewer SuperRare pieces. However, those who do tend to spend more money on large items.

Continue reading: Buyers are spending $ 7 million on the unseen NFT collection

For example, Starry Night Capital, a $ 100 million NFT collective fund, made up nearly half of SuperRare’s total trading volume in October alone. At the weekend, “Dankrupt” bought it from the artist Xcopy on SuperRare for 469 ETH or 1.9 million US dollars.

Snoop Dogg also bought an Xcopy piece in late September for a record-breaking 1,300 ETH, or $ 3.9 million.