The world of crypto art has exploded in recent years with the advent of non-fungible tokens (NFTs). One such collection that has gained popularity is CyberBabies.io.
So what exactly are CyberBabies.io? They are a collection of 500 non-fungible tokens built on the Ethereum network that launched on September 8th, 2021. These NFTs can now be viewed and purchased at OpenSea.
Since its release, the total number of owners for the CyberBabies.io collection has reached an impressive 462 within just over a year since its launch. The market capitalization for this NFT collection is currently at 4.70 ETH.
At an average price of 0.75 ETH (~$1,303.24 at the time of writing), there have been a total volume in sales reaching as high as 1,131.855 ETH for this collection which boasts a floor price set at 0.0275 ETH and a current trading volume kept steady at around .13 ETH over the last month.
As with any emerging market like NFTs, determining value can be difficult due to lack of historical data or precedence to refer back to when assessing worthiness which means some projects may be considered overpriced while others undervalued based purely on first-mover advantage or opportunistic exploitation.
While there may still be debate whether or not prices for individual pieces from this specific project reflect their true value given how new they are in comparison to other similar collections out there competing against them; it's important not only look beyond superficial hype but also consider factors like development/promotion by creators/community members alongside future growth potential before making any kind investment decisions regarding these digital assets.
In terms of fees involved with buying/selling these unique assets online - buyers pay nothing extra beyond transaction costs associated with buying ETH or WETH, while sellers pay a seller fee of 1250 basis points (12.5%) - with 1000 basis points going to the CyberBabies.io dev team and 250 basis points going to OpenSea.
The current approved editors list for CyberBabies.io collection includes accounts belonging to 0x8154ad71d7f398505598ceed3cd2f1f46b95e2b1, 0x62b5bd7f04fe783796810b2526470dfde73daa49, and 0xac3c837d67b4f638c0abbf711327cfd33149cf3d.
It is important to note that this article is provided for informational purposes only and should not be used as legal, tax, investment or financial advice.