Monday June 19, 2023
We've come to the difficult decision of shutting down SuperSea.
The market has seen a significant change over the past year, with a number of factors making it hard for us to keep the product running:
For the past 6+ months the revenue generated by the service has not been able to cover even the running server costs. With the removal of creator royalties as a reliable source of income, and our product no longer having the product market fit it used to have (more on this below), our income has essentially gone to zero. When we started building SuperSea almost two years ago, there was a significant hole to be filled in the market to provide better third party tools for collecting and trading NFTs. The marketplaces of today have done a great job at catching up however, and there's now a much smaller need to use a product like SuperSea to have an edge over the market.
In addition to that, the market is now more evenly split among multiple marketplaces, so the services that are most valuable are those that can aggregate data from multiple sources at the same place.
We will be shutting down our various services throughout this week. All of our current subscribers will be refunded. We understand that you will be disappointed with us.
For our token holders, we hope that we've been able to provide enough value to justify the price you paid for either minting or from buying in the secondary markets. We're currently talking to another third party service to be able to offer a free trial and discount on their product, to give everyone who's left a place to land. More details on this will be shared on our Discord later.