y00ts Yacht Club are a non-fungible tokens collection built on the Ethereum network launched in 5 September, 2022. 9,996 items of the y00ts Yacht Club collection can now be viewed at OpenSea.
How many owners does the y00ts Yacht Club collection have?
The total number of owners has reached 2047 within 172 days since its release.
NFT Collection y00ts Yacht Club Price and Sales
The market capitalization of y00ts Yacht Club NFT collection is 236.52 ETH. Since created the y00ts Yacht Club, 30,050 collections sales were made at an average price of 0.06 ETH (~$91.43 at the time of writing). This created a total volume in 1,720.021 ETH. The floor price of y00ts Yacht Club is 0.012 and the 30-day trading volume is kept at 10.77 ETH. The payment tokens of the y00ts Yacht Club collection are ETH, WETH.
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 y00ts Yacht Club Collection Over or Underpriced?
It is difficult to determine whether NFTs from the y00ts Yacht Club 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 y00ts Yacht Club collection is developed and promoted by its creators and community.
y00ts Yacht Club NFT Collection Examples
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y00ts Yacht Club fees
- Buyer fee to dev: 0 basis points
- Seller fee to dev: 500 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: 750 basis points
y00ts Yacht Club editors list
The approved editor’s accounts of y00ts Yacht Club collection are 0xc9206df4e4430073208a61faff5cbee39bfe5897.
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.
