What is the Japanese Born Ape Association?
The Japanese Born Ape Society is a collection of non-fungible tokens built on the Ethereum network launching on May 20, 2022. 4,455 items from the Japanese Born Ape Society collection are now available to view on OpenSea.
How many owners does the Japanese Born Ape Society collection have?
297 days after release, the total number of site owners has reached 1157.
NFT Collection Japanese Born Ape Society Prices and Sales
The market cap of the Japanese Born Ape Society NFT collection is 306.18 ETH. Since the creation of the Japanese Born Ape Society, a total of 4,398 collections have been sold for an average price of 0.30 ETH (approximately $474.91 at the time of writing). This creates a total of 1,317.428 ETH. The Japanese Born Ape Society has a base price of 0.05989 and a 30-day trading volume of 7.21 ETH. The payment tokens collected by the Japanese Born Ape Society are ETH and WETH.
Why are some NFTs expensive while others are not?
NFTs are very new to the blockchain ecosystem and are still in their infancy. This is a nascent market, which means there is no historical data or precedent to help determine the value of NFTs. NFT projects launched in the early days of the market boom gained legitimacy purely because of their first-mover advantage. These “mature” NFT projects also have the opportunity to improve and learn from the problems plaguing the NFT market, thereby making themselves more valuable. When the NFT craze took off, many realized profits beyond their wildest dreams, creating room for opportunists to capitalize on market growth. While some NFTs can be considered Crypto art, created by artists who recognize the value NFTs can add to the creative space, others are created purely out of greed and the need to capitalize on huge market growth. NFT projects born of greed and exploitation often have no value and end up as garbage.
Is Japan’s Born Ape Society collection overpriced or underpriced?
It is difficult to determine whether the Japanese Born Ape Society collection of NFTs is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. Prices are also influenced by how Japanese Born Ape Society collections are developed and promoted by creators and communities.
Japan Born Ape Society NFT collection example
Japan Ape Society #6449
Japan Ape Society #9112
Japan Ape Society #1932
Japan Ape Society #4298
Fees of the Japanese Society of Apes
- Buyer Fee for Developers: 0 bps
- Fees charged by sellers to developers: 700 bps
- Fee paid by buyers to opensea.io: 0 basis points
- Seller fees on opensea.io: 250 bps
- Buyer Fee: 0 bps
- Seller Fee: 950 bps
Japan Born Ape Society edit list
The Japanese Born Ape Society collection’s approved editorial accounts are 0x800bcf009fe33496568538d389ec78989bc41bec, 0x7537b15e133ec78db31e1dbe1649876d6467056b.
Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.
Source of information: Compiled from CRYPTODAILY by 0x Information.Copyright belongs to the author, without permission, may not be reproduced