Thursday, March 28, 2024
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Is Justin Bieber’s Ape Really Worth $59,000? How to Value NFTs Using Rarity, Floor Price

“Rarity traits refer to unique characteristics of an NFT, such as limited edition releases, exclusive features or special attributes,” Oliver Cohen, president of NFT analytics tool Inspect, told CryptoX. “These traits contribute to the perceived scarcity and desirability of an NFT, which can affect its value.” Source

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Ethereum NFT royalties hit two-year low as Bored Ape floor price falls below 30 ETH

Royalties earned by nonfungible token (NFT) projects have reached their lowest point in two years, according to a report from blockchain analytics firm Nansen.Data shared with Cryptox highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club

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