NFT Collection RTFKT PUNK PROJECT GEN 1 Price, Stats, and Review

What is an RTFKT PUNK PROJECT GEN 1?

RTFKT PUNK PROJECT GEN 1 are a non-fungible tokens collection built on the Ethereum network launched in 11 May, 2021. 489 items of the RTFKT PUNK PROJECT GEN 1 collection can now be viewed at OpenSea.

How many owners does the RTFKT PUNK PROJECT GEN 1 collection have?

The total number of owners has reached 261 within 652 days since its release.

NFT Collection RTFKT PUNK PROJECT GEN 1 Price and Sales

The market capitalization of RTFKT PUNK PROJECT GEN 1 NFT collection is 0 ETH. Since created the RTFKT PUNK PROJECT GEN 1, 363 collections sales were made at an average price of 5.90 ETH (~$9,560.79 at the time of writing). This created a total volume in 2,141.398 ETH. The floor price of RTFKT PUNK PROJECT GEN 1 is 0.5 and the 30-day trading volume is kept at 1.30 ETH. The payment tokens of the RTFKT PUNK PROJECT GEN 1 collection are ETH, DAI, WETH, USDC.

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 RTFKT PUNK PROJECT GEN 1 Collection Over or Underpriced?

It is difficult to determine whether NFTs from the RTFKT PUNK PROJECT GEN 1 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 RTFKT PUNK PROJECT GEN 1 collection is developed and promoted by its creators and community.

RTFKT PUNK PROJECT GEN 1 NFT Collection Examples

RTFKT PUNK #9787 Sneakers

RTFKT PUNK VXL Portrait #9787

RTFKT PUNK #4754 Sneakers

RTFKT PUNK VXL Portrait #4754

RTFKT PUNK PROJECT GEN 1 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

RTFKT PUNK PROJECT GEN 1 editors list

The approved editor's accounts of RTFKT PUNK PROJECT GEN 1 collection are 0x623fc4f577926c0aadaef11a243754c546c1f98c.

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.