NFT Collection BAYC Honorary Members Price, Stats, and Review

What is an BAYC Honorary Members?

BAYC Honorary Members are a non-fungible tokens collection built on the Ethereum network launched in 29 April, 2021. 35 items of the BAYC Honorary Members collection can now be viewed at OpenSea.

How many owners does the BAYC Honorary Members collection have?

The total number of owners has reached 27 within 664 days since its release.

NFT Collection BAYC Honorary Members Price and Sales

The market capitalization of BAYC Honorary Members NFT collection is 0 ETH. Since created the BAYC Honorary Members, 35 collections sales were made at an average price of 60.64 ETH (~$98,275.71 at the time of writing). This created a total volume in 2,122.322 ETH. The floor price of BAYC Honorary Members is 65 and the 30-day trading volume is kept at 0 ETH. The payment tokens of the BAYC Honorary Members collection are ETH, WETH, USDC, APE.

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 BAYC Honorary Members Collection Over or Underpriced?

It is difficult to determine whether NFTs from the BAYC Honorary Members 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 BAYC Honorary Members collection is developed and promoted by its creators and community.

BAYC Honorary Members NFT Collection Examples

Honorary Bored Ape #1

Honorary Bored Ape #2

Honorary Bored Ape #3

Honorary Bored Ape #4

BAYC Honorary Members 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

BAYC Honorary Members editors list

The approved editor’s accounts of BAYC Honorary Members collection are 0xaba7161a7fb69c88e16ed9f455ce62b791ee4d03.

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.