The GMX Blueberry Club is a non-fungible token (NFT) collection built on the Ethereum network that was launched on August 16th, 2022. The collection consists of 10,000 unique items which can now be viewed at OpenSea.
According to recent reports, the total number of owners for the GMX Blueberry Club collection has reached 3932 within just 216 days since its release. As for sales figures, since its creation in August last year, there have been a total of 3,770 collections sold at an average price of around 0.33 ETH (~$576.34 at the time of writing), creating a total volume in 1,251.368 ETH. The market capitalization of this NFT collection is currently valued at approximately $6 million or about 3,739.66 ETH.
It's worth noting that the payment tokens accepted by this NFT collection are limited to only ETH and WETH.
As with any emerging market like NFTs', it can be difficult to determine whether an item from such collections as GMX Blueberry Club is overpriced or underpriced due to lack of historical data and precedence that could assist in determining their value.
Moreover when it comes to why some NFTs are expensive while others not so much? While some projects may have gained legitimacy purely because they had a first-mover advantage in most cases; established projects have improved over time resulting in their increased value compared to newer ones created purely out of greed and opportunism.
Regarding trading fees associated with buying or selling items from this particular collection: buyers pay no fees directly related either dev team nor Opensea.io while sellers pay out fees worth up-to six hundred basis points (or roughly %6) depending on who they sell them through.
Finally approved editors for GMX Blueberry Club are 0xaa93840c66058f61814192742dbc4f3f8346c16b, 0xaa93840c66058f61814192742dbc4f3f8346c16b, 0x04d52e150e49c1bbc9ddde258060a3bf28d9fd70, and 0xde2dbb7f1c893cc5e2f51cbfd2a73c8a016183a0.
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.