• Shabu Town Shibas is an NFT collection built on the Ethereum network launched in 16 August, 2021.
• The total number of owners has reached 3198 within 576 days since its release.
• The market capitalization of Shabu Town Shibas NFT collection is 0 ETH with a 30-day trading volume of 0.09 ETH.
What is an Shabu Town Shibas?
Shabu Town Shibas is a non-fungible tokens (NFT) collection built on the Ethereum network launched in 16 August, 2021. Currently, 9,981 items can be viewed at OpenSea and the total number of owners has reached 3198 within 576 days since its release.
Price and Sales
The market capitalization for this NFT collection is currently 0 ETH with an average sale price of 0.17 ETH (~$280.90 at the time of writing). A total volume of 1,213.524 ETH has been created through 7,193 collections sales. Furthermore, the floor price for Shabu Town Shibas is 0.004 and their 30-day trading volume kept at 0.09 ETH while payment tokens include ETH, DAI, WETH, USDC and SHIB.
Why are some NFTs expensive and others not?
NFTs are still very new to the blockchain ecosystem and thus market value cannot be predicted based on historical data or precedence yet as it’s an emerging market.. Some projects gained legitimacy due to first-mover advantage while opportunists took advantage of the booming market growth leading to some NFTs being valued more than others without any real value behind them other than greed exploitation attempts.
Is the Shabu Town Shibas Collection Over or Underpriced?
It’s difficult to determine whether Shabu Town Shibas collections are over or underpriced given that it’s a new asset class still in its infancy which will become clearer as more active markets develop around NFTs and metaverses – their prices also depend on how they are developed and promoted by creators & community members alike
Examples
Examples from this collection include: Shabu Town Shiba #0; #1; #2; #3; buyer fee to dev stands at 0 basis points while seller fee to dev stands at 15%.