NFT Collection Obits Official Price, Stats, and Review

What is an Obits Official?

Obits Official are a non-fungible tokens collection built on the Ethereum network launched in 27 September, 2021. 7,124 items of the Obits Official collection can now be viewed at OpenSea.

How many owners does the Obits Official collection have?

The total number of owners has reached 2952 within 508 days since its release.

NFT Collection Obits Official Price and Sales

The market capitalization of Obits Official NFT collection is 534.81 ETH. Since created the Obits Official, 13,546 collections sales were made at an average price of 0.20 ETH (~$346.15 at the time of writing). This created a total volume in 2,746.961 ETH. The floor price of Obits Official is 0.0697 and the 30-day trading volume is kept at 36.32 ETH. The payment tokens of the Obits Official collection are ETH, WETH.

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 Obits Official Collection Over or Underpriced?

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

Obits Official NFT Collection Examples

Obit #1

Obit #2

Obit #3

Obit #4

Obits Official fees

• Buyer fee to dev: 0 basis points
• Seller fee to dev: 400 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: 650 basis points

Obits Official editors list

The approved editor’s accounts of Obits Official collection are 0x89bd84d60c281155f5fd208f8361db1f558fab02.

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.