Veröffentlicht von • BAYC Honorary Members is a non-fungible token collection built on the Ethereum network launched in April 2021.
• The market capitalization of BAYC Honorary Members NFT collection is 0 ETH, with 35 collections sold at an average price of 60.64 ETH (~$98,275.71).
• It is difficult to determine whether NFTs from the BAYC Honorary Members collection are overpriced or underpriced, as the market for NFTs and metaverses develops more actively.
Overview of BAYC Honorary Members
BAYC Honorary Members is a non-fungible tokens (NFT) collection built on the Ethereum network launched in April 2021. There are currently 35 items available to view on OpenSea, with 27 distinct owners since its release 664 days ago. The market capitalization of BAYC Honorary Members NFT collection is 0 ETH, with 35 collections sold at an average price of 60.64 ETH (~$98,275.71). Payments for these tokens can be made in ETH, WETH, USDC, and APE tokens.
Determining Value
It is difficult to determine whether NFTs from the BAYC Honorary Members collection are overpriced or underpriced due to its newness to the blockchain ecosystem and lack of historical data or precedence that can assist in valuation. Some projects have gained legitimacy due to first-mover advantage and have improved their value by learning from past issues within the NFT market, while others were created out of greed without any real value behind them.
Examples Of BAYC Honorary Members
Some examples of pieces within this collection include:
• Honorary Bored Ape #1
• Honorary Bored Ape #2
• Honorary Bored Ape #3
• Honorary Bored Ape #4
Transaction Fees
The transaction fee for buying these tokens will depend on what payment token you use as well as what platform it is being bought through (e.g., OpenSea).
Conclusion
Overall, it is difficult to determine whether particular NFTs are over or underpriced until there is more activity within the space and further development occurs within each project’s community and among creators.