What is an COVIDPunks!?
COVIDPunks! are a non-fungible tokens collection built on the Ethereum network launched in 31 July, 2021. 9,983 items of the COVIDPunks! collection can now be viewed at OpenSea.
How many owners does the COVIDPunks! collection have?
The total number of owners has reached 3760 within 571 days since its release.
NFT Collection COVIDPunks! Price and Sales
The market capitalization of COVIDPunks! NFT collection is 99.83 ETH. Since created the COVIDPunks!, 10,911 collections sales were made at an average price of 0.17 ETH (~$269.22 at the time of writing). This created a total volume in 1,812.468 ETH. The floor price of COVIDPunks! is 0.01 and the 30-day trading volume is kept at 0.14 ETH. The payment tokens of the COVIDPunks! collection are ETH, DAI, WETH, USDC.
Why are some NFTs expensive and others not?
NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage. These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plagued the NFT market and have, in such a way, made themselves more valuable. When the NFT boom took flight, many people realized profits beyond their wildest dreams, creating a space for opportunists to take advantage of the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage.
Is the COVIDPunks! Collection Over or Underpriced?
It is difficult to determine whether NFTs from the COVIDPunks! collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the COVIDPunks! collection is developed and promoted by its creators and community.
COVIDPunks! NFT Collection Examples
COVIDPunk #975
COVIDPunk #6076
COVIDPunk #4119
COVIDPunk #2422
COVIDPunks! fees
- Buyer fee to dev: 0 basis points
- Seller fee to dev: 250 basis points
- Buyer fee to opensea.io: 0 basis points
- Seller fee to opensea.io: 250 basis points
- Buyer fee: 0 basis points
- Seller fee: 500 basis points
COVIDPunks! editors list
The approved editor’s accounts of COVIDPunks! collection are 0xd9eb7ddd1d5f9081ba745dcf0e56b39788b91f94.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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