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What is LAYC?
LAYC is a collection of non-fungible tokens built on the Ethereum network that launched on August 19, 2022. The 10,000 items of the LAYC collection are now viewable on OpenSea.
How many owners does the LAYC collection have?
The number of owners has reached 1959 within 206 days of its release.
NFT Collection LAYC Pricing and Sales
The LAYC NFT collection market cap is 801.43 ETH. Since the creation of LAYC, 11,057 collection sales have been made for an average price of 0.12 ETH (~$195.03 at the time of writing). This creates a total volume of 1,360.203 ETH. The LAYC base price is 0.05 and the 30 day trading volume is maintained at 31.20 ETH. The payment tokens of the LAYC 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. This is an emerging market which means there is no historical or priority data to help determine the value of an NFT. NFT projects that started at the start of the market boom have gained legitimacy solely because they have first mover advantages. These “established” NFT projects also have the opportunity to improve and learn from the problems plaguing the NFT market and, in this way, make themselves more valuable. When the NFT boom happened, many people realized profits beyond their wildest dreams, creating room for opportunists to capitalize on market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value that NFTs can add to a creative space, others are created purely out of greed and a need to exploit the tremendous growth of the market. NFT projects that are rooted in greed and exploitation often have no value and are ultimately trash.
Is the LAYC Collection Over or Underprice?
It is difficult to determine whether the NFTs from the LAYC collection are too expensive or too cheap. Making such judgments will become clearer as the markets for NFTs and the metaverse develop more actively. Pricing is also influenced by how LAYC collections are developed and promoted by creators and their community.
Example of LAYC NFT Collection
#1 Lazy Ape Cruise Club
Lazy Ape Cruise Club #2
Lazy Ape Cruise Club #3
Lazy Ape Cruise Club #4
LAYC fee
- Buyer cost to dev: 0 basis points
- Seller fee to dev: 800 basis points
- Buyer fees to opensea.io: 0 basis points
- Seller fees to opensea.io: 250 basis points
- Buyer’s fee: 0 basis points
- Seller fees: 1050 basis points
list of LAYC editors
The approved LAYC collections editor account is 0x97483a7337901bacca0cd198917fd1da774889a2.
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.
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