NFT Collection Chibi Apes Price, Stats, and Review

What is an Chibi Apes? Chibi Apes are a non-fungible tokens collection built on the Ethereum network launched in 8 September, 2021. 3,000 items of the Chibi Apes collection can now be viewed at OpenSea. How many owners does the Chibi Apes collection have? The total number of owners has reached 1842 within 534 days since its release. NFT Collection Chibi Apes Price and Sales The market capitalization of Chibi Apes NFT collection is 287.76 ETH. Since created the Chibi Apes, 6,684 collections sales were made at an average price of 0.25 ETH (~$403.57 at the time of writing). This created a total volume in 1,688.758 ETH. The floor price of Chibi Apes is 0.14 and the 30-day trading volume is kept at 5.03 ETH. The payment tokens of the Chibi Apes 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 Chibi Apes Collection Over or Underpriced? It is difficult to determine whether NFTs from the Chibi Apes 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 Chibi Apes collection is developed and promoted by its creators and community. Chibi Apes NFT Collection Examples Chibi Ape #1 Chibi Ape #2 Chibi Ape #3 Chibi Ape #4 Chibi Apes fees Buyer fee to dev: 0 basis points Seller fee to dev: 500 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: 750 basis points Chibi Apes editors list The approved editor's accounts of Chibi Apes collection are 0x8a04f9c3d4de6a118670fa9c5dd078f1ecf4e61b. 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.