NFT Collection JPunks: OG-Rex Price, Stats, and Review
JPunks: OG-Rex are a non-fungible tokens collection built on the Ethereum network launched in 24 March, 2022. 7,777 items of the JPunks: OG-Rex collection can now be viewed at OpenSea.
How many owners does the JPunks: OG-Rex collection have?The total number of owners has reached 2417 within 361 days since its release.
NFT Collection JPunks: OG-Rex Price and SalesThe market capitalization of JPunks: OG-Rex NFT collection is 968.46 ETH. Since created the JPunks: OG-Rex, 5,479 collections sales were made at an average price of 0.19 ETH (~$337.29 at the time of writing). This created a total volume in 1,064.310 ETH. The floor price of JPunks: OG-Rex is 0.0676 and the 30-day trading volume is kept at 10.80 ETH. The payment tokens of the JPunks: OG-Rex 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 JPunks: OG-Rex Collection Over or Underpriced?It is difficult to determine whether NFTs from the JPunks: OG-Rex 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 JPunks: OG-Rex collection is developed and promoted by its creators and community.
JPunks: OG-Rex NFT Collection Examples1
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JPunks: OG-Rex fees- Buyer fee to dev: 0 basis points
- Seller fee to dev: 750 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: 1000 basis points
The approved editor's accounts of JPunks: OG-Rex collection are 0xed0f163b0a76b8cd6c3d06b49abd421ec7c07bfb, 0x5c79e212fed8191d910f21bf4061a688ed8fc74e.
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.
