• hobotown.wtf are a non-fungible tokens collection built on the Ethereum network.
• There are currently 6,892 items in the collection and it has 2967 owners since its release.
• The market capitalization is 17.23ETH, with 13,587 collections sales at an average price of 0.10 ETH per sale and there are no buyer or seller fees to dev or opensea.io.
What is an hobotown.wtf?
hobotown.wtf are a non-fungible tokens collection built on the Ethereum network launched in 2 June, 2022 with 6,892 items of the collection viewable at OpenSea that have 2967 owners since its release.
Price and Sales
The market capitalization of hobotown.wtf NFT collection is 17.23 ETH with 13,587 collections sales made at an average price of 0.10 ETH (~$157.29 at the time of writing) creating a total volume in 1,348.014 ETH with no buyer or seller fees to dev or opensea.io and floor price of 0.002 ETH and 30-day trading volume kept at 0 .02 ETH with payment tokens as ETH and WETH .
Why are some NFTs expensive and others not?
NFTs are very new to the blockchain ecosystem and still in their infancy meaning that there is no historical data or precedence that can assist in determining their value which can be affected by how established they were when first released as well as opportunists taking advantage of market growth for personal gain resulting in some NFTs having no value while others being considered digital art works created by artists recognizing the value added by NFTs to creative spaces .
Is the hobotown Collection Over or Underpriced?
It is difficult to determine whether NFTs from the hobotown collection is overpriced or underpriced due to being a new emerging market without any historical data as well as how it is developed and promoted by creators and community members influencing its worth .
Examples of Hobotown Collection
The examples given include hobontown #1, #2 ,#3 ,and #13 all paying either zero basis points (buyer fee)or 750 basis points (seller fee) for dev payments while paying zero basis points (buyer fee)or 250 basis points (seller fee )for opensea payments .