NFT Collection Yeti Town NFT Price, Stats, and Review

What is an Yeti Town NFT? Yeti Town NFT are a non-fungible tokens collection built on the Ethereum network launched in 23 January, 2022. 4,438 items of the Yeti Town NFT collection can now be viewed at OpenSea. How many owners does the Yeti Town NFT collection have? The total number of owners has reached 1172 within 398 days since its release. NFT Collection Yeti Town NFT Price and Sales The market capitalization of Yeti Town NFT NFT collection is 42.96 ETH. Since created the Yeti Town NFT, 7,675 collections sales were made at an average price of 0.22 ETH (~$358.31 at the time of writing). This created a total volume in 1,721.651 ETH. The floor price of Yeti Town NFT is 0.00969 and the 30-day trading volume is kept at 0.03 ETH. The payment tokens of the Yeti Town NFT 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 Yeti Town NFT Collection Over or Underpriced? It is difficult to determine whether NFTs from the Yeti Town NFT 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 Yeti Town NFT collection is developed and promoted by its creators and community. Yeti Town NFT NFT Collection Examples Yeti Town #1 Yeti Town #2 Yeti Town #3 Yeti Town #4 Yeti Town NFT fees Buyer fee to dev: 0 basis points Seller fee to dev: 1000 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: 1250 basis points Yeti Town NFT editors list The approved editor's accounts of Yeti Town NFT collection are 0x4f2161a7d9a80045fded8215c5484306f18b438f. 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.