NFT Collection Illuvium Price, Stats, and Review
Illuvium are a non-fungible tokens collection built on the Ethereum network launched in 5 April, 2021. 21 items of the Illuvium collection can now be viewed at OpenSea.
How many owners does the Illuvium collection have?The total number of owners has reached 1963 within 688 days since its release.
NFT Collection Illuvium Price and SalesThe market capitalization of Illuvium NFT collection is 2.77 ETH. Since created the Illuvium, 4,517 collections sales were made at an average price of 0.52 ETH (~$850.63 at the time of writing). This created a total volume in 2,370.757 ETH. The floor price of Illuvium is 0.109949 and the 30-day trading volume is kept at 12.24 ETH. The payment tokens of the Illuvium collection are ETH, DAI, WETH, USDC.
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 Illuvium Collection Over or Underpriced?It is difficult to determine whether NFTs from the Illuvium 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 Illuvium collection is developed and promoted by its creators and community.
Illuvium NFT Collection ExamplesDawnlight Badge - Platinum
Atlas Pwease Emote - Genesis Promo
Rhamphyre - Genesis Dark Holo Promo
Dawnlight Badge - Silver
Illuvium fees- Buyer fee to dev: 0 basis points
- Seller fee to dev: 300 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: 550 basis points
The approved editor's accounts of Illuvium collection are 0x0691f5804d4227925f19b031821b530b48fff38f.
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.
