• Woodies Generative Characters are non-fungible tokens built on the Ethereum network.
• The market capitalization is 361.76 ETH, with an average price of 0.37 ETH per collection sold.
• Pricing of NFTs can be influenced by development and promotion by creators and community.
Overview of Woodies Generative Characters
Woodies Generative Characters are a non-fungible tokens collection built on the Ethereum network launched in 24 September, 2021. 9,739 items of the Woodies Generative Characters collection can now be viewed at OpenSea. The total number of owners has reached 3908 within 511 days since its release.
Price and Sales
The market capitalization of Woodies Generative Characters NFT collection is 361.76 ETH. Since created the Woodies Generative Characters, 7,683 collections sales were made at an average price of 0.37 ETH (~$637.44 at the time of writing). This created a total volume in 2,869.098 ETH. The floor price of Woodies Generative Characters is 0.0392 and the 30-day trading volume is kept at 3.77 ETH. The payment tokens of the Woodies Generative Characters collection are ETH, WETH, USDC, ASH, APE..
Why Are Some NFTs Expensive?
NFTs are very new to the blockchain ecosystem and are still in their infancy meaning there is no historical data or precedence to assist in determining value for an NFT yet . NFT projects that started at early stages have garner legitimacy purely because they had first mover advantage and had opportunity to improve from issues that plagued the NFT market , making them more valuable as time went on . When NFT boom took flight many people realized profits beyond their wildest dreams creating space for opportunists to exploit immense market growth . While some NFTs can be considered digital art , created by artist who recognize value it add to creative space , others have been created purely out greed or need to exploit which often have no value and become garbage .
Is Woodie’s Overpriced or Underpriced?
It is difficult to determine whether or not NFTs from Woodie’s generatives characters are overpriced or underpriced due to lack preexisting values in such a new emerging market . Making such assessement will become clearer when markets for metaverses develop more actively . Price is also influence by how well project developed & promoted within it’s creator & community .