NFT Collection Bong Bears Price, Stats, and Review

What is an Bong Bears?

Bong Bears are a non-fungible tokens collection built on the Ethereum network launched in 26 August, 2021. 107 items of the Bong Bears collection can now be viewed at OpenSea.

How many owners does the Bong Bears collection have?

The total number of owners has reached 84 within 548 days since its release.

NFT Collection Bong Bears Price and Sales

The market capitalization of Bong Bears NFT collection is 0 ETH. Since created the Bong Bears, 243 collections sales were made at an average price of 6.51 ETH (~$10,403.95 at the time of writing). This created a total volume in 1,582.754 ETH. The floor price of Bong Bears is 169 and the 30-day trading volume is kept at 0 ETH. The payment tokens of the Bong Bears 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 Bong Bears Collection Over or Underpriced?

It is difficult to determine whether NFTs from the Bong Bears 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 Bong Bears collection is developed and promoted by its creators and community.

Bong Bears NFT Collection Examples

Bong Bear #01

Bong Bear #02

Bong Bear #03

Bong Bear #04

Bong Bears fees

• Buyer fee to dev: basis points
• Seller fee to dev: basis points
• Buyer fee to opensea.io: basis points
• Seller fee to opensea.io: basis points
• Buyer fee: basis points
• Seller fee: basis points

Bong Bears editors list

The approved editor’s accounts of Bong Bears collection are 0x921560673f20465c118072ff3a70d0057096c123.

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.