The rising popularity of non-fungible tokens (NFTs) has taken the digital world by storm. One such collection that has caught the attention of investors is CyberBabies.io. In this article, we take a closer look at what CyberBabies.io is all about, its price and sales statistics, whether it's over or underpriced, and more.
CyberBabies.io is an NFT collection built on the Ethereum network that was launched on September 8th, 2021. The collection consists of 500 unique items that can be viewed on OpenSea.
Since its release just over a year ago in September 2021, there have been a total of 462 owners for the CyberBabies.io NFT collection.
At present, the market capitalization of this NFT collection stands at around 4.70 ETH. Since its creation in September last year until now (October 2022), there have been a total of 1508 collections sold with an average price of approximately $1,303 per token or .75 ETH per token - which created a total volume in sales reaching up to approximately $1.9 million dollars worth in ETH.
The current floor price for Cyberbabies IO sits at .0275 Eth with trading volume kept consistent around .13 Eth over thirty days.
Why Are Some NFTs Expensive While Others Are Not?
As an emerging market within blockchain technology itself – there isn't much historical data available to assist analysts when determining value potential for any given project or collectible items like Crypto Kitties etc., however some projects gain legitimacy due primarily first mover advantage while others garner credibility as they learn from past issues within their own ecosystem.
Is CyberBabies.io Over or Underpriced?
Given the speed at which NFTs are being created and sold, it's difficult to determine whether the collection is over or underpriced. However, with time as more metaverses come into play and market for NFTs develops more actively – we may see an increase in demand which would give a clearer indication regarding pricing trends. In addition, the price of CyberBabies.io is also influenced by how well it is developed and promoted by its creators and community.
Some examples of items from the CyberBabies.io collection include:
Any buyer transacting with this NFT collection will have to pay 0 basis points as fees while sellers will incur 1000 basis points towards developers. Buyers do not need to pay any additional fees to OpenSea.io but sellers must pay 250 basis points. Overall seller fee totals out at 1250 basis points.
Furthermore, there are three approved editor accounts for editing within this project; they belong to: 0x8154ad71d7f398505598ceed3cd2f1f46b95e2b1, 0x62b5bd7f04fe783796810b2526470dfde73daa49, & 0xac3c837d67b4f638c0abbf711327cfd33149cf3d.
Please note that this article is purely informational in nature and should not be considered legal, tax-related, investment-related advice or financial advice when considering purchasing any type of digital asset such as Cryptocurrency or other types of collectibles like NFTs unless conducted independently by one's own due diligence upon research via various sources.