NFT Collection Re-Genz Price, Stats, and Review
What is an Re-Genz?
Re-Genz are a non-fungible tokens collection built on the Ethereum network launched in 23 August, 2021. 2,537 items of the Re-Genz collection can now be viewed at OpenSea.How many owners does the Re-Genz collection have?
The total number of owners has reached 1361 within 569 days since its release.NFT Collection Re-Genz Price and Sales
The market capitalization of Re-Genz NFT collection is 61.55 ETH. Since created the Re-Genz, 4,338 collections sales were made at an average price of 0.27 ETH (~$452.57 at the time of writing). This created a total volume in 1,179.134 ETH. The floor price of Re-Genz is 0.0248 and the 30-day trading volume is kept at 1.26 ETH. The payment tokens of the Re-Genz 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 Re-Genz Collection Over or Underpriced?
It is difficult to determine whether NFTs from the Re-Genz 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 Re-Genz collection is developed and promoted by its creators and community.Re-Genz NFT Collection Examples
Re-Genz #3Re-Genz feesBuyer fee to dev: 0 basis pointsSeller fee to dev: 250 basis pointsBuyer fee to opensea.io: 0 basis pointsSeller fee to opensea.io: 250 basis pointsBuyer fee: 0 basis pointsSeller fee: 500 basis pointsRe-Genz editors list
The approved editor's accounts of Re-Genz collection are 0xdcae87821fa6caea05dbc2811126f4bc7ff73bd1, 0xe9f654994f1135ebfab3183f50603da5c6abd4c3.
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.