The Wabi Sabi Collective Genesis is a non-fungible token (NFT) collection built on the Ethereum network that was launched on March 3rd, 2022. The collection comprises 5,677 unique items that can be viewed on OpenSea. Within 383 days since its release, the total number of owners has reached 1412.
The market capitalization of the Wabi Sabi Collective Genesis NFT collection is currently at 0 ETH. However, since its creation, there have been a total of 10,255 collections sales made at an average price of approximately $192.24 or 0.11 ETH per item which created a total volume in 1,135.362 ETH.
While some NFTs are considered digital art created by artists who recognize their value to the creative space industry and hold great worth in the market; others were made purely out of greed to exploit market growth opportunities with no real value or purpose.
Determining whether NFTs from the Wabi Sabi Collective Genesis collection are overpriced or underpriced may prove challenging at this time as it remains unclear how metaverses and markets for NFTs will develop more actively in future years; however it depends greatly on how well they are developed and promoted by both creators and communities alike.
When considering buying or selling any items from this collection through OpenSea.io - keep in mind that fees apply: buyer fee to dev = zero basis points; seller fee to dev = six hundred fifty basis points; buyer fee to opensea.io = zero basis points; seller fee to opensea.io = two hundred fifty basis points; buyer fee overall chargeable is zero basis points whereas seller fees charged overall equal nine hundred basis points.
It's important to note that this article should not be taken as legal advice, financial advice or tax advice, investment advice or other types of professional guidance. It is intended for informational purposes only.