NFT Collection The Beacon Price, Stats, and Review

What is an The Beacon?

The Beacon are a non-fungible tokens collection built on the Ethereum network launched in 23 November, 2022. 80,523 items of the The Beacon collection can now be viewed at OpenSea.

How many owners does the The Beacon collection have?

The total number of owners has reached 24686 within 109 days since its release.

NFT Collection The Beacon Price and Sales

The market capitalization of The Beacon NFT collection is 2,407.32 ETH. Since created the The Beacon, 71,549 collections sales were made at an average price of 0.06 ETH (~$91.12 at the time of writing). This created a total volume in 4,112.267 ETH. The floor price of The Beacon is 0.0012 and the 30-day trading volume is kept at 748.30 ETH. The payment tokens of the The Beacon 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. 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 The Beacon Collection Over or Underpriced?

It is difficult to determine whether NFTs from the The Beacon 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 The Beacon collection is developed and promoted by its creators and community.

The Beacon NFT Collection Examples

Rogue Hood

Putridthunder

Furanku

The Beacon fees

• Buyer fee to dev: 0 basis points
• Seller fee to dev: 1000 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: 1250 basis points

The Beacon editors list

The approved editor’s accounts of The Beacon collection are 0xe59f499f6c2fe394547480fad63783cfc807601f, 0x0b9d413d2478d8a2290a87ebe794090eb109fe56, 0x5de82f8d08d5aef31ef5f70e6bb3726c440fcdb9.

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.