The emergence of non-fungible tokens (NFTs) has created a new dimension in the world of digital art. Among these NFT collections is the Wabi Sabi Collective Genesis collection which was launched on 3rd March 2022. This article aims to provide an insight into the features and statistics surrounding this collection.
Wabi Sabi Collective Genesis is a non-fungible token collection built on the Ethereum network. It consists of 5,677 items that can be viewed at OpenSea. The total number of owners has reached 1412 within just over a year since its release.
The market capitalization for the Wabi Sabi Collective Genesis NFT collection stands at 0 ETH. Since its creation, there have been approximately 10,255 sales with an average price of 0.11 ETH (~$192.24 at writing time). This has resulted in a total volume of 1,135.362 ETH.
The floor price for this collection stands at 0.007 ETH with a trading volume kept at around 0.02 ETH over the past thirty days.
As an emerging market, there is no historical data or precedence that can assist in determining the value of an NFT fully yet; hence some projects are considered more valuable than others because they had first-mover advantages or improved from issues plaguing other projects' growth during their early stages.
Some NFTs are created purely out greed while others are created by artists who recognize their creative potential value as digital art pieces in addition to adding monetary value to their work's creative space.
It remains challenging to determine whether the NFTs in the Wabi Sabi Collective Genesis collection are overpriced or underpriced. However, this will become clearer as the market for NFTs and metaverses develops more actively. The price is also influenced by how the community and creators promote and develop them.
Here are some examples of NFTs in this collection:
The buyer fee to dev stands at 0 basis points while seller fee to dev is at 650 basis points. The buyer fee to opensea.io stands at 0 basis points, while seller fee to opensea.io is at 250 basis points. Finally, there are no fees for buyers; however, sellers incur a cost of 900 basis points.
The approved editor's accounts of the Wabi Sabi Collective Genesis collection are listed as 0xc6733f3dc224bd2556b1982acfacd35578985c78.
Disclaimer: This article provides information solely for informational purposes only and should not be used as legal, tax, investment, financial or other advice.