What is an Fang Gang? Fang Gang are a non-fungible tokens collection built on the Ethereum network launched in 28 August, 2021. 8,886 items of the Fang Gang collection can now be viewed at OpenSea. How many owners does the Fang Gang collection have? The total number of owners has reached 4141 within 673 days since its release. NFT Collection Fang Gang Price and Sales The market capitalization of Fang Gang NFT collection is 202.56 ETH. Since created the Fang Gang, 23,226 collections sales were made at an average price of 0.27 ETH (~$524.42 at the time of writing). This created a total volume in 6,212.415 ETH. The floor price of Fang Gang is 0.0211 and the 30-day trading volume is kept at 2.50 ETH. The payment tokens of the Fang Gang collection are ETH, DAI, WETH, USDC, APE. 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 Fang Gang Collection Over or Underpriced? It is difficult to determine whether NFTs from the Fang Gang 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 Fang Gang collection is developed and promoted by its creators and community. Fang Gang NFT Collection Examples Fangster 0 Fangster 1 Fangster 2 Fangster 3 Fang Gang fees Buyer fee to dev: 0 basis points Seller fee to dev: 500 basis points Buyer fee to opensea.io: 0 basis points Seller fee to opensea.io: 250 basis points Buyer fee: 0 basis points Seller fee: 750 basis points Fang Gang editors list The approved editor's accounts of Fang Gang collection are 0x5e697c6f5cbebd6ca17bde80d684c226a1e223be. 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.
