October has been a lucrative month for SuperRare, an Ethereum-based NFT marketplace that focuses on single-edition digital artwork. Reportedly, the marketplace has posted the highest sales volume in history this far this month. With almost a week remaining before the end of October, the sales volume is set to climb even higher.
According to data from Dune Analytics, SuperRare has recorded a monthly NFT trading volume of $32.65 million thus far in October. In comparison, the marketplace’s volume in the past month was $24.55 million. Over the past 24 hours, the marketplace has recorded a volume of $1,329,070. The seven-day volume sits at $6,433,792.
Before this, SuperRare’s highest monthly volume was in March, when NFT sales peaked at $29.6 million. This figure comprised sales in both primary and secondary NFT sales. To reach this feat, SuperRare saw 929 active collectors purchase 3,179 digital artworks at a price range of 3.0 to 5.5 ETH.
Notably, this month has only had 372 active collectors, who purchased 726 NFTs at a value ranging between 9.5 ETH (approximately $40,000) and 12.2 ETH (around $51,000). The current price range more than doubles that of March and is the highest the marketplace has ever recorded.
A small but affluent collector base
From the above data, it is clear that SuperRare has a small number of collectors that tend to spend a lot of money on high-profile NFTs.
An example of the affluent collectors on SuperRare is Starry Night Capital, a $100 million NFT-collection fund created by Three Arrows Capital and renowned collector Vincent Van Dough in August. This collector has single-handedly contributed approximately 50% of the marketplace’s volume thus far in October.
Over the weekend, the fund purchased an NFT dubbed Dankrupt from artist XCOPY for 469 ETH ($1.9 million). Other notable Starry Night Capital purchases on SuperRare this month include two Cherniak pieces worth 800 ETH ($2.4 million) and 500 ETH ($1.5 million), respectively. The collector also bought an NFT co-created by artist Beeple and TIME magazine for 675 ETH ($2.4 million).
Rapper Snoop Dogg, who recently revealed he is an NFT collector under the pseudonym Cozomo de Medici, also parted with 225 ETH ($809,000) on October 7 to secure a Deekay-created animation dubbed Destiny. Before this, Snoop Dogg bought XCOPY’s Some Asshole for a whopping $3.9 million in ETH in September.
NFT craze continues
This news comes after Tyler Hobbs, the artist behind the Fidenza NFT collection, netted 1,800 ETH ($7 million) from the Dutch auction of 50 tickets that grant ownership to artworks his new collection titled Incomplete Control. Interestingly, the ticket buyers dished out their crypto without seeing what they purchased, seeing as Hobbs plans to drop the collection on December 9.
