CryptoPhunks are a non-fungible tokens collection built on the Ethereum network launched in 21 June, 2021. 9,977 items of the CryptoPhunks collection can now be viewed at OpenSea.
How many owners does the CryptoPhunks collection have?
The total number of owners has reached 2671 within 614 days since its release.
NFT Collection CryptoPhunks Price and Sales
The market capitalization of CryptoPhunks NFT collection is 2,809.79 ETH. Since created the CryptoPhunks, 5,975 collections sales were made at an average price of 0.30 ETH (~$473.32 at the time of writing). This created a total volume in 1,770.541 ETH. The floor price of CryptoPhunks is 0.289 and the 30-day trading volume is kept at 115.52 ETH. The payment tokens of the CryptoPhunks collection are ETH, DAI, WETH, USDC, APE.
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 CryptoPhunks Collection Over or Underpriced?
It is difficult to determine whether NFTs from the CryptoPhunks 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 CryptoPhunks collection is developed and promoted by its creators and community.
CryptoPhunks NFT Collection Examples
Phunk #9997
Phunk #9995
Phunk #9988
Phunk #9985
CryptoPhunks fees
- Buyer fee to dev: 0 basis points
- Seller fee to dev: 0 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: 250 basis points
CryptoPhunks editors list
The approved editor’s accounts of CryptoPhunks collection are 0xda27bf313dcef0ee3916c9506a6ad45f306f9f3b.
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.
