Data shows that SuperRare has fewer buyers, but they buy expensive NFTs – News Couple
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Data shows that SuperRare has fewer buyers, but they buy expensive NFTs

The NFT SuperRare market hit a new monthly record of $31.4 million in total turnover with a week to spare through the end of October, according to Dune Analytics.

SuperRare is a single version of the Ethereum (ETH) NFT marketplace, where coin collectors can purchase a blockchain title deed for digital items such as memes, videos or artwork.

The previous monthly sales record was $29.5 million in March, with 929 active collectors purchasing 3,179 artworks. The average price for artwork ranges from 3.0 to 5.5 ether, or about $12,600 to $23,000.

Despite reaching a higher total sales volume this month, SuperRare has half as many active collectors buying in the market this month than in March.

This month, there were 372 active collectors, who bought 726 lots worth between 9.5 and 12.2 ether, or about $40K to $51,000.

In short, fewer collectors buy fewer SuperRare parts. However, those who do tend to spend more money on big-ticket items.

Read more: Buyers Pay $7 Million To Collect Invisible NFT

For example, Starry Night Capital, a $100 million NFT fund raising fund, accounted for nearly half of SuperRare’s total trading volume in October. Over the weekend, they purchased XCOPY’s ‘Dankrupt’ on SuperRare for 469 ETH, or $1.9 million.

Snoop Dogg also purchased an XCOPY block in late September for 1,300 ETH, or $3.9 million.