What is LAYC?
LAYC is a collection of non-fungible tokens built on the Ethereum network launched on August 19, 2022. The LAYC collection of 10,000 items is now available to view on OpenSea.
How many owners does the LAYC collection have?
Released 206 days, the total number of owners reached 1959.
NFT Series LAYC Price and Sales
The market cap of the LAYC NFT collection is 801.43 ETH. Since the creation of LAYC, there have been 11,057 collection sales at an average price of 0.12 ETH (~$195.03 at the time of writing). This creates a total of 1,360.203 ETH. LAYC has a base price of 0.05 and a 30-day trading volume of 31.20 ETH. The payment tokens of the LAYC collection 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 the LAYC series overpriced or underpriced?
It is difficult to determine whether the NFTs in the LAYC series are 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 creator and community of the LAYC series develop and promote it.
LAYC NFT Collection Example
Lazy Ape Yacht Club #1
Lazy Ape Yacht Club #2
Lazy Ape Yacht Club #3
Lazy Ape Yacht Club #4
LAYC fees
- Buyer Fee for Developers: 0 bps
- Fees charged by sellers to developers: 800 bps
- Fee paid by buyers to opensea.io: 0 basis points
- Seller fees on opensea.io: 250 bps
- Buyer Fee: 0 bps
- Seller fees: 1050 bps
LAYC editorial list
The approved LAYC compilation editor account number is 0x97483a7337901bacca0cd198917fd1da774889a2.
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